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NVIDIA CORPORATION

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NVDA trade ideas

NVDA Approaching Crucial Levels! Trade Setups for Jan. 3, 2024NVDA Approaching Crucial Levels! Trade Setups You Need to Know 🚀" * Current Trend:
NVDA is consolidating within a descending channel on the 1-hour chart, showing a range-bound movement. On the daily chart, it appears to be forming lower highs, indicative of a weakening uptrend with potential bearish continuation. * Key Observations from Indicators: * MACD (1-hour): Signals neutrality with no clear crossover, reflecting ongoing consolidation. * Stochastic RSI (1-hour): Trending higher, suggesting a short-term recovery from oversold levels. * Volume: Diminished during the recent pullback, indicating a lack of conviction from sellers, but no significant buying pressure yet. Key Support and Resistance Levels (Daily Chart): * Support Levels: * $134: High Volume Node, with significant PUT activity in the GEX data. * $132: Immediate support with a noticeable PUT wall. * $130: Major support zone and the third PUT wall per GEX insights. * Resistance Levels: * $138: Immediate resistance and the highest positive GEX zone (CALL resistance). * $140: Next significant resistance, aligning with a second CALL wall. * $143-$144: Major resistance, marked by a strong CALL wall and historical rejections. GEX Insights: * Gamma Exposure (GEX): * Positive GEX Zones: Above $138, CALL activity increases significantly, indicating a strong resistance level for upward movement. * Negative GEX Zones: Below $134, gamma exposure becomes negative, suggesting increased downside volatility. * Options Activity: * IVR (Implied Volatility Rank) is at 20.2%, indicating relatively low implied volatility. * A low CALL/PUT ratio reflects bearish sentiment, with sellers dominating near $132-$134. Trade Scenarios: Bullish Scenario: * Entry: Above $138. * Target: $140 (initial), $143-$144 (secondary). * Stop-Loss: Below $134 to avoid downside risk. Bearish Scenario: * Entry: Below $134. * Target: $132 (initial), with potential extension to $130. * Stop-Loss: Above $138 to limit upside risk. Conclusion: NVDA is at a pivotal point, with $134 serving as a critical support level. Watch for a breakout above $138 for bullish momentum or a breakdown below $134 for bearish continuation. Volume and GEX levels should guide your directional bias. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
NASDAQ:NVDA
by BullBearInsights
Nvidia (NVDA) Reversal Candle Within Bullish TrendChart Analysis: NVIDIA has emerged from a consolidation phase, with a breakout signaling a potential continuation of its bullish trend. 1️⃣ Breakout Confirmation: The stock broke out above the descending channel (green-shaded area) with strong bullish momentum, as highlighted by the long bullish candle (purple circle). The breakout aligns with the broader ascending trendline (black line), reinforcing the bullish bias. 2️⃣ Key Moving Averages: The 50-day SMA (blue) at $139.99 provides dynamic support and has guided the recent breakout. The 200-day SMA (red) at $118.93 confirms a strong long-term uptrend. 3️⃣ Momentum Indicators: RSI: At 51.50, showing room for upside before entering overbought territory. MACD: Positive crossover, with the MACD line accelerating above the signal line, supporting the bullish momentum. What to Watch: Price action above the breakout level around $140.27 to confirm the move’s strength. Potential pullbacks to the breakout zone or 50-day SMA for buying opportunities. Monitor RSI for signs of overbought conditions or bearish divergence. NVIDIA’s long-term uptrend is supported by strong momentum and key moving averages, but the big reversal candle is a potential red flag for bulls to monitor moving forward! -MW
NASDAQ:NVDA
by FOREXcom
NVDA Technical Analysis and Options Trading Strategy Jan. 2, 251-Hour Chart Analysis (For Trading) 1. Price Action: * NVDA is trading within a descending channel, respecting both the upper and lower trendlines. * The price is near the lower channel boundary around $133-$134, suggesting a potential reversal zone. 2. Indicators: * MACD: Bearish momentum persists with increasing red histogram bars, but the MACD lines are near a potential crossover. * Stochastic RSI: Oversold, indicating a possible reversal in the short term. 3. Support and Resistance Levels: * Support: $133 (trendline support), $130. * Resistance: $137 (middle of the channel), $141 (upper channel boundary). 4. Trading Strategy: * Entry (Long): * Look for a reversal confirmation at the lower channel boundary near $133-$134. * Ensure Stochastic RSI begins to rise from oversold levels, and MACD shows a bullish crossover. * Entry (Short): * If the price breaks below $133, consider shorting with a target of $130. * Stop Loss: * Long: Place stop-loss below $130. * Short: Place stop-loss above $135. * Target: * Long: Initial target at $137, extended target at $141. * Short: Target at $130. Daily Chart Analysis (For Options Trading) 1. Options GEX Analysis: * Call Walls (Resistance): * $144 (3rd CALL Wall). * $141 (2nd CALL Wall). * Put Walls (Support): * $133 (2nd PUT Wall). * $130 (strong PUT support). * Highest Positive NET GEX: At $137, indicating key pivot resistance. * Highest Negative NET GEX: At $130, confirming strong support. 2. Implied Volatility and GEX Metrics: * IVR: 21.2%, indicating moderate implied volatility. * Options Oscillator: Calls at 21.2% and puts dominating at 26.4%, highlighting bearish sentiment. 3. Options Trade Strategy: * Bullish Scenario: * If NVDA reverses from $133, buy Call Options targeting $137-$141 with a strike price near $135, expiring in 1-2 weeks. * Bearish Scenario: * If NVDA breaks below $133, buy Put Options targeting $130 with a strike price near $132, expiring in 1-2 weeks. * Neutral Strategy: * Sell an Iron Condor with: * Upper Leg: $141-$144 calls. * Lower Leg: $130-$133 puts. 4. Risk Management: * Bullish Calls: Exit if NVDA fails to break $137 with momentum. * Bearish Puts: Exit if NVDA closes above $135. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consult a financial advisor before making any trading decisions. All trading carries risks; trade responsibly.
NASDAQ:NVDA
by BullBearInsights
Pushing the Limits!NVIDIA is showing strong bullish momentum, with a gap forming around the $135.00 level. A breakout above the $152.89 resistance would confirm further upward movement, positioning the stock to target the $190.20 level. This trade setup offers a compelling risk-to-reward ratio, with a stop-loss set at $128.39 to manage downside risk. As a global leader in graphics processing units (GPUs) and AI solutions, NVIDIA is uniquely positioned to benefit from the growing demand for artificial intelligence, gaming, and data center technologies. The company’s leadership in cutting-edge innovations, including its AI-driven hardware and software solutions, continues to drive its long-term growth. This combination of technical momentum and NVIDIA’s strong market fundamentals supports a bullish push toward $190, making it an attractive opportunity for traders and investors. NASDAQ:NVDA
NASDAQ:NVDALong
by The_Trading_Mechanic
A Thrilling Gap Explained In This 3 Step SystemThis price action happened so fast within a day and its almost hard to believe that it can happen so fast. Even though the strategy is so simple most people wont take advantage of it they will just sit on the sidelines as those who take the risk make money. So how do you know that this is the right time to buy? Well it's simple What you need to know is this 3 step system: Step#1-The price has to be above the 50 EMA Step#2-The price has to be above the 200 EMA Step#3-The price has to gap up This is called the rocket booster strategy Its that simple nothing to add to it unless you want to learn more then you can study about chart patterns also follow me for more education and tips. To learn more rocket boost this content. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies Also, feel free to use a simulation trading tool before you trade with real money
NASDAQ:NVDALong
by lubosi
Ascending Triangle Breakout - New 52 Week High InboundNVDA price action continues to be bullish and is shaping up to form an ascending triangle pattern straight out of the book. We can see from the pink trend line that price action continues to make higher highs and higher lows and we can see that we are potentially running out of room. We can see here on the daily that the candle closed very bullish at a daily resistance level of $145.26 and had enough power to punch through the previously resistance at $139.56. If price fails to break $145.26, the former resistance at $139.26 will now become support and we can see, looking left, that this scenario has been playing out time and time again. If price goes and retests $139.56, I think that would give it enough power to break and close above $145.26 and very shortly thereafter, break and close above the all time high of $152.89.
NASDAQ:NVDALong
by windycitytraderphoenix
Year ahead 25' speedlineWeekly Analysis Update Looking ahead for the year, the weekly timeframe shows that price remains within a long-term uptrend channel between speedlines. I’ll be shifting to lower timeframes to identify trade opportunities, applying both my trend-following, speedline trading, and counter-trend strategies. To maximize returns, I’ll incorporate my profit-enhancing techniques. Always consider all possible moves the price can make and focus on trading the one with the highest probability of success. Patience and precision are key to staying ahead in the markets. Stay tuned for updates as opportunities unfold!
NASDAQ:NVDALong
by ForexCollege
A Thrilling Gap Explained In This 3 Step SystemThis price action happened so fast within a day and its almost hard to believe that it can happen so fast. Even though the strategy is so simple most people wont take advantage of it they will just sit on the sidelines as those who take the risk make money. So how do you know that this is the right time to buy? Well it's simple What you need to know is this 3 step system: Step#1-The price has to be above the 50 EMA Step#2-The price has to be above the 200 EMA Step#3-The price has to gap up This is called the rocket booster strategy Its that simple nothing to add to it unless you want to learn more then you can study about chart patterns also follow me for more education and tips. To learn more rocket boost this content. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies Also, feel free to use a simulation trading tool before you trade with real money
NASDAQ:NVDALong
by lubosi
NVIDIA Corporation (NVDA): Testing Crucial lvl 🔥 LucanInvestor’s Commands: 🩸 Resistance: $136.11 and $138. A breakout above could target $140, restoring confidence among buyers. 🩸 Support: $133.97. A breakdown may lead to deeper retracements toward $132 and $130. 🔥 LucanInvestor’s Strategy: 🩸 Short: Below $133.97, targeting $132 and $130. Confirmation through increasing sell volume is key. 🩸 Long: Above $136.11, aiming for $138 and $140. Entry is only valid with bullish MACD crossover. 🩸 NVIDIA shows bearish MACD divergence, aligning with the "Sell" technical indicators. Current price action hovers around the 200 EMA, signaling indecision. A break in either direction will dictate the stock's next significant move. 👑 "Opportunities arise from clarity amidst the chaos. Stay sharp, stay ready." — LucanInvestor
NASDAQ:NVDA
by LucanInvestor