Call it what you wantprobably nothing, still a common SHS Pattern, actually pretty clean but only on the 15min TF
NVDACL trade ideas
NVDIA Is this -35% correction enough to be a buy opportunity?NVIDIA Corporation (NVDA) completed a -35% decline from its top on Monday's Low and after a short rebound, it's consolidating. Even though this is the strongest correction it had since the late 2022 market bottom and it almost touched the bottom of the long-term Channel Up that started in October 2022, there might be room for some more downside before the next long-term Bullish Leg.
It is important also to note that the 1D MA200 (orange trend-line) is still intact as the 20-month Support and the 1D RSI broke the 35.00 level (almost oversold) on Monday. All the above suggest that NVDIA hit a new long-term buy level/ Support.
The Bullish Divergence though on its 1D RSI (Higher Lows against the price's Lower Lows) may indicate the opposite than it normally does. The reason is purely on NVDIA's last such pattern, which basically led to the October 13 2022 bottom.
As you can see, that correction continued the price's Lower Lows despite the ongoing RSI Higher Lows, until it completed a -44% correction. That suggest that there might be room for another -9% decline before the stock breaks above its 1D MA50 (blue trend-line) and starts the new Bullish Leg for good. Of course if it breaks above it earlier, then this pattern projection is invalidated.
As a result, it is recommended to buy the current bottom so that we won't miss on a potential upside by breaking above the 1D MA50 earlier but at the same time reserve some cash for the possibility of a -44% decline around the $80.00 level. In both cases, we will set a $190.00 Target (horizon before end 2024), which is a 2.0 Fibonacci extension from the current bottom.
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NVIDIA Monthly | RSI, Elliott Wave & More (Bear-Market?) NVDA iNVDA is showing multiple "top signals"... That is, an All-Time High has been hit.
The last time NVDA peaked a year long bear-market followed.
➖ Elliott Waves
Here we have a full 5-up waves pattern.
A classic ABC correction tends to follow this pattern.
➖ RSI | Bearish Divergence
This is a classic, and this signal here is super strong because it is based on the monthly timeframe.
Notice the higher highs...
Notice the lower highs...
This is a seven and a half (7.5) years long bearish divergence: NVDA vs its RSI.
➖ Rising Wedge
The most important fact to consider here is the timeframe; monthly.
This rising wedge is already breaking bearish.
➖ Rounded Top
This is a classic pattern and clearly depicts the situation in which this stock finds itself.
NVDA is trading below 0.236 Fib. retracement as well as below the open/close of the two previous sessions. This is a bearish confirmation.
Conclusion
These are all bearish signals pointing toward a major correction in the coming months.
Namaste.
Chart Pattern Analysis Of NVDA
K3 failed to close below the lower limit of the downtrend channel,
the supply pressure decreased.
It seems that the following candles will consolidate here for days.
After that,
It is very likely that the downtrend will regain its strength.
While the following candles fall to test the lower price area of K1 or uptrend line,
It is a potential good place to decrease short positions or even buy it there.
Short-105.8/Stop-109.3/Target-81
Buy-96.3/Stop-93.3/Target-103.5
NVDA Stocks to avoid..!If ever there was a stock that has a high likelihood of doing a Bitcoin its this one...
Parabolic moves are rarely sustainable, and the corrections are usually deep and fast..
Look at Bitcoin a years ago and you will see the exact same pattern
Stay clear if you don't like roller coasters...
BUYING NVIDIAIn the middle of the black Monday here is good opportunity to invest on Nvidia, which has been bearish 40% and gettin more than expecting results.
NVDA Long small 121.50Stoch on bottom vol bad can come back retest the 50 day ma
or stop under the 50 day ma
$NVDA To $60 Using Elliot WaveTech Stocks are strong but the charts do not lie. Tech stocks cannot go up forever according to my data WWE will see $60 soon.
$NVDA top in. Bottom between $25-40As you can see from the chart, NASDAQ:NVDA formed a double top at the highs and has started it's bear market.
I think from here we're going to see a move down that goes lower than what most people expect will happen.
I've seen a lot of people sharing that they want to bid the $72 region, which would make sense if this was a normal correction, however, I think this is a larger market wide panic and that price will go lower than what most people expect.
I think price is likely to hit the target in the bottom box by the end of 2025.
Let's see what happens over the coming months.
NVDA Gap Fill RejectionNVDA went all the way back up to fill it's gap near $106 today after the large drop below $100. That was an excellent short opportunity, it's easy to say in hindsight, but this is something I have been watching. After that rejection near 106 and SMCI earnings, NVDA looks primed to head back to the April low it made earlier in the year around $75 and really start the collapse if that breaks.
Developing Success With PineScript : Building Trigger MechanismsIn my ongoing quest to build better tools for traders, I continue to develop new quantitative trigger logic to improve the working versions I have already created.
Trigger logic is complicated for most people because they fail to take the time to "focus on failure."
Everyone builds trading systems focused on where the triggers work perfectly (trust me - I've seen/built a few hundred of them).
But the most important thing to focus on is where it fails to generate a decent trigger and how you are going to filter it out or protect capital when that failed trigger hits.
In this example, I highlight my new "Gun-Slinger" triggers and how my continued development is creating more advanced trading tools for skilled traders.
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Nvidia Stock Rebounds 7% on Analysts Highlight Shares of Nvidia (NVDA) saw a rebound in early trading on Tuesday, following a sharp decline on Monday caused by reports of a delay in the release of its Blackwell artificial intelligence (AI) chip. The stock had tumbled more than 6% amid a broader global stock market rout. Despite the initial panic, analysts remain optimistic about Nvidia's long-term prospects and its leadership in the AI space.
Key Takeaways
- Rebound After Decline: Nvidia shares rebounded after a spokesperson clarified that the production of the Blackwell AI chip is still on track to ramp up in the second half of the year.
- AI Leadership: Bullish analysts believe Nvidia's strong position in the AI market will mitigate any short-term volatility caused by the reported delay.
- Analysts' Perspective: Analysts from major financial institutions, including Oppenheimer, Goldman Sachs, and Bank of America, maintain a positive outlook on Nvidia's long-term performance despite potential short-term setbacks.
Nvidia's Response to Delay Rumors
Nvidia addressed the concerns head-on, with a spokesperson stating, "Blackwell sampling has started, and production is on track to ramp in the second half of the year. Beyond that, we don't comment on rumors.” This statement aimed to reassure investors that the company is on schedule, despite the swirling rumors.
Analysts Remain Bullish
Oppenheimer analysts emphasized Nvidia's robust competitive position in the AI market, asserting that a minor delay would not lead to a loss of market share. They highlighted Nvidia's comprehensive AI hardware and software solutions as a key strength.
Goldman Sachs analysts acknowledged the possibility of near-term volatility but downplayed its impact on Nvidia's earnings for the 2025 calendar year. They stressed that Nvidia's long-term competitive position remains intact.
Citi analysts, despite removing Nvidia from their "upside catalyst watch" due to the delay reports, continued to hold a "buy" rating for the stock. They maintained confidence in Nvidia's ongoing performance.
Bank of America analysts viewed potential supply constraints as a "solvable" issue, suggesting that any resultant sell-off would be an "enhanced buying opportunity." Their long-term bullish stance on Nvidia remains unchanged.
Market Performance
As of the time of writing, Nvidia shares (NASDAQ: NASDAQ:NVDA ) had risen by 7%, reaching $106.48. Despite recent market turbulence, Nvidia's stock has more than doubled in value since the beginning of the year, showcasing its resilience and the strong confidence investors have in the company's future.
Conclusion
While the reported delay in Nvidia's Blackwell AI chip initially spooked the market, the company's clarification and the continued confidence of analysts highlight Nvidia's solid position in the AI industry. The consensus among analysts is that Nvidia's long-term prospects remain strong, bolstered by its leadership in AI technology. Investors seem to agree, as evidenced by the stock's quick rebound.
thinkin about aadithinking aadi is being a total baadi
this stock is still projected to be at 11 Dollars in a years time. do the math
Nvidia Approaches Key Support Levels
With the S&P 500 dropping more than 9% from its July highs and the NASDAQ 100 plunging over 13% during the same period, formerly market-leading tech giants like Nvidia are pulling back to long-term support levels. In this analysis, we will put Nvidia under the spotlight and identify the areas of support with the greatest confluence. We will also discuss how to manage risk in a volatile trading environment.
Nvidia’s Pullback and Key Support Levels
Nvidia’s pullback began earlier than the wider market, with the chipmaker's share price hitting trend highs on June 20th. Prices have been in a mean reversion mode ever since.
When analysing pullbacks, several tools can help us build a picture of confluence to pinpoint where prices may attract the most buying interest:
Horizontal Support Levels: Prior areas of resistance may create support when retested. Nvidia’s price chart shows the shares are retesting the double-top that formed in March. Additionally, the April swing low is a potential support level worth noting.
Fibonacci Retracement Levels: The 50% and 61.8% Fibonacci retracement levels, taken from the October 2023 to June 2024 trend low to high, show that prices are currently retesting the 50% retracement level. The 61.8% level is confluent with the April swing lows.
Anchored VWAP: Anchoring the Volume Weighted Average Price (VWAP) to the October trend lows provides insight into where the average buyer who got in at the bottom is positioned.
200 Day Moving Average (MA): The long-term 200-day moving average, closely monitored by long-term investors and dynamic traders, is currently in a similar area to the anchored VWAP and the April swing lows.
Relative Strength Index (RSI): The RSI index indicates how oversold the stock is as it approaches the key support levels outlined above. While Nvidia’s RSI has not yet moved into oversold territory, it is starting to show signs of bullish divergence.
NVDA Daily Candle Chart
Past performance is not a reliable indicator of future results
Risk Management: How to Trade High Volatility Environments
The recent global stock sell-off has significantly increased volatility, causing the VIX Volatility Index to surge. This increases the likelihood of overnight price gaps when trading individual stocks like Nvidia, making it challenging to manage risk when swing trading.
To navigate this environment, traders might consider reducing their typical position sizes or avoiding holding positions overnight. Incorporating the Average True Range (ATR) into stop placement strategies can also help dynamically account for increased volatility.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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NVDA: Buy idea: Bearish ChannelBuy idea on NVDA as you can see on the chart if only if we have the breakout with force the vwap indicator by a big green candle...
