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NVDC34 trade ideas

Great that $NVDA held above 133.91It is great that NASDAQ:NVDA held above 133.91 and rise for today. For days NASDAQ:NVDA has been beaten up and now per the diagram below if we break out of the areas of 140.30 tomorrow and 146.62. We will then see breakout to getting above ATH. The daily trend pattern that I've created for the next couple of days will need to see where "c" will form above or below direction. Have to see other Semiconductor sectors of the following this week. 1) Thursday, Dec 13th after market close NASDAQ:AVGO will have earnings. In my opinion if the market sees their earnings results as positive in terms of direction and demand of Semiconductors then expects for this sector and NASDAQ:NVDA to either trend higher or drop down. 2) NASDAQ:SMH is now getting back to its range of 247.00. We need to see if this holds and break above its range of 248.39. If we see 248.39 then expect its next resistance of 252.17. For those who are impatient with this stock. Be calm, wait and see this price movement break out of a direction and make sure you have months of time to see your trades play out. Stick to your price targets of risk/reward/stop out. In my opinion this is a LEAP/buying shares long term play in order to wait out this support and resistance trend for over 1 month. Have to see if this years Santa rally and early Jan 2025 will see this stock at new levels or continue to break down below 129.00 and its many supports.
NASDAQ:NVDALong
by Rick-C-
1
Cautious optimism to give way to December decline for NVDA The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see: Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology. Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year. Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand. The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory. With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NASDAQ:NVDA
by JC7USA
2
NVIDIA (NVDA) Daily AnalysisNVIDIA (NVDA) Daily Analysis On the daily time frame, NVIDIA has already broken out of a triangle pattern and is now forming a potential head and shoulders pattern. Here’s the breakdown of the current structure: Gray support zone: A critical level to monitor. If this level breaks, the next significant support is the purple support zone, which also aligns with the Point of Control (POC) at this level. If the price retraces to the purple support zone, it could present a potential entry opportunity with proper confirmation. Based on the projection from the triangle breakout, the green zone remains a key target for later upward momentum. This is a free idea I’m sharing with the community. If you find value in my analysis, your likes, shares, and follows would be greatly appreciated. I take the time to share my insights, and your support motivates me to keep doing so. 🙏 Thank you!
NASDAQ:NVDALong
by rebenga93
1
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign. With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future. I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top. I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NASDAQ:NVDALong
by mwrightinc
4
He wasn't dead, he was just catching his breath.After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level. Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD. Don't forget that NVDA is partnering with GOOGL on a groundbreaking quantum chip, a revolutionary development that is set to transform computation over the next decade.
NASDAQ:NVDALong
by AllAboutMoney
NVDA: A Deep Dive into Critical Gamma for Tomorrow's actionGamma Exposure (GEX) Levels and Price Action: 1. Key Levels Identified: * Highest Positive NETGEX (Call Resistance): $150 * A significant resistance zone that aligns with market makers' hedging activities to balance their gamma exposure. * 2nd Call Wall: $145 * Intermediate resistance with a moderate gamma buildup, representing a potential pause in upward momentum. * 3rd Call Wall: $142 * A key pivot point where price may either consolidate or face selling pressure if approached too quickly. * HVL (Hedging Volatility Level): $139 * A dynamic level where market makers manage their gamma risk. This could act as a magnet for the price in the short term. * PUT Walls: * 2nd PUT Wall: $135 * Strong near-term support that aligns with a large hedging zone for puts. * 3rd PUT Wall: $130 * A significant defense level, likely to hold unless broader bearish sentiment dominates. 2. Price Action: * NVDA is currently trading around $135.30, sitting at the 2nd PUT Wall. A bounce from this level could lead to a retest of $139, while a breakdown might see it gravitate toward $130. Technical Indicators Analysis: 1. MACD: * The MACD line is in bearish territory but shows signs of potential convergence. Watch for a crossover near support levels for confirmation of a reversal. 2. Stochastic RSI: * Currently oversold, suggesting that a short-term bounce may be imminent. However, caution is warranted if broader market sentiment remains negative. 3. Trendlines: * Downward-sloping resistance aligns with $139, reinforcing its significance as a potential pivot zone. Options Strategy Plan: 1. Bullish Scenario: * If NVDA bounces above $139: * Call Option Entry: Strike price at $145, expiration within 1-2 weeks. * Target: $145 (next resistance level). * Stop-Loss: $133. 2. Bearish Scenario: * If NVDA breaks below $135: * Put Option Entry: Strike price at $130, expiration within 1-2 weeks. * Target: $130 (major support zone). * Stop-Loss: $137. 3. Neutral Strategy: * If NVDA consolidates between $135 and $139: * Iron Condor Strategy: * Sell a call at $145 and a put at $130. * Buy a call at $150 and a put at $125 to limit risk. Recommendation for Expiration Date: * Short-Term Expiry (1-2 weeks): Ideal for directional trades based on gamma positioning. * Longer Expiry (2-3 weeks): Allows time for price to test broader levels while mitigating time decay risks. Summary of Gamma Insights: * The $135 level is critical for NVDA, acting as a near-term support zone. * A move above $139 aligns with positive gamma momentum, making $145 a plausible target. * The $130 level is the ultimate defense point, with significant PUT walls indicating strong buyer interest. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and manage risks accordingly.
NASDAQ:NVDA
by BullBearInsights
4
NVDA- Target Achieved: $135 Hit – Post-Analysis & Market DynamicOutcome Recap: A few days ago, I shared my analysis on Nvidia, highlighting a potential target of $135, which has now been successfully hit. This move was aligned with my expectations as Nvidia showed signs of selling pressure within the marked resistance zone while buyers stepped in around the upper part of the green box. Key Highlights from My Previous Post: Selling Pressure (Säljare Zone): The $150-$154 resistance area proved to be a significant barrier, with sellers stepping in strongly as predicted. Buy Zone ($135 Area): Buyers held firm in the $132-$135 range, a level that had previously shown consistent strength during dips. This zone remains a critical area to watch for future rebounds. Supporting Market Dynamics: I previously mentioned that Nvidia could face challenges due to: Overstretched valuation compared to competitors like AMD and Intel. Google emerging as a strong player in AI-training chips, adding competitive pressure. General market conditions suggesting profit-taking and reduced buyer momentum. What Happened Next? Interestingly, while Nvidia hit the $135 target, Google surged—an outcome that aligns with my thesis about Google’s growing competition in the AI chip sector. Meanwhile, AMD and Intel continued to struggle, further validating the narrative of shifting market dynamics. What’s Next? As the market evolves, I’ll be closely watching the $135 support zone to see if buyers maintain strength or if a broader market weakness pushes prices lower. On the upside, any breakout above the $150-$154 resistance could signal a renewed bullish momentum. Stay tuned for more updates!
NASDAQ:NVDA
by LopezTradesss
NVIDIA’s Next Move: Are We Headed to $160 or Dropping to $118?Good morning, trading family. NVIDIA just hit a big level, and now we’re seeing it pull back. Here’s what I’m watching: 1️⃣ First stop looks like $134.75. 2️⃣ From there, it could go one of two ways: We get a bounce, and NVIDIA pushes back up to the $160s. Or, it keeps sliding to $128-$130. If those levels don’t hold, we could see it drop even further to $118. This is one of those times where it’s all about watching the levels and letting the chart tell us the next move. Trade what you see. What do you think—are we bouncing or dropping lower? Let me know your take below, and hit like and follow if this breakdown helps. Kris/ Mindbloome Exchange
NASDAQ:NVDAShort
by Mindbloome-Trading
4
$NVDA - Chip-up or taking a breather before another run?NASDAQ:NVDA has been in a long and wide consolidation, rectangle if you like, and has recently shown signs of a determined move up with breahces of the upper channel line. It showed a similar move back around June and july, but was at both instances pushed down by big, red candles. It has gained momentum, both in terms of EMAs and various indicators. If the break of resistance holds, and price keeps moving up, we might be in for a good run. Should (recent) history repeat, we might be looking at $100 once again. Keep in mind, the last visit to this level is only a couple months ago. Personally I am currently short Nvidia (yes, a dangerous place to be..), however I see both directions happening. So my point is look for signs of a break of the high of $144, or a rejection by way of significant red candles and a weakening of volume, RSI, MACD or other indicators you prefer.
NASDAQ:NVDA
by WeRideAtDawn
Is NVIDIA Ready to Break Out or Break Down?Good morning, trading family! How’s everyone feeling today? Got your coffee? Charts ready? It’s time to dive in and see what the market has in store for us. Here’s the vibe: NVIDIA’s setting up for something big—are we aiming for $142 or sliding to $119? It’s like a game of tug-of-war, and the market’s holding the rope. Quick Tip: Remember, trading is about patience and discipline. If you’re feeling stuck, step away, take a breath, and come back with a clear head. The market’s not going anywhere. If you want a closer look at these setups or other ideas I’m watching, feel free to check out my profile or send me a DM—I’m always happy to share insights or answer questions. Let’s make it a great day! Kris /Mindbloome Exchange Trade What You See
NASDAQ:NVDA
by Mindbloome-Trading
Top 5 Weekly Trade Ideas #1 - NVDA Head and ShouldersThis is looking like an epic setup for NVDA, make or break here. Recently we had a shorter term inverse H&S that failed, but the longer term H&S remains valid for now. We have several things going on here, all of which looks pretty clean. To summarize: - Major support at $131.50 that was previous resistance from August. - Head and Shoulders with the neckline right at said support. - Ascending wedge starting at the August low, price just barely broke below and closed below. - Major pattern is still riding momentum off of the big triangle breakout, projected target of ~$170 has not been hit. - Recent weakness, I'd call it extreme weakness considering what the mag 7 and names like AVGO have done while NVDA continues to fall. So how do I intend to play it? The great thing about this setup is how clean everything is, should be fairly straightforward to trade. If the neckline/support at $131.50 doesn't hold, it's a short down to a retest of the triangle at minimum. If neither trendline from the triangle holds, next target is at $90. I'd call it good and reassess at that point, but eventually I expect $70 to hit and finally we'll see it move down to about $50 which will probably be near the major bottom. If $131.50 holds, then the dump will be delayed to a future date, will look for longs instead. If it can bounce and reclaim the trendline from the August low, I'd look for longs on a retest there or any decent dips really. We may end up making a new ATH and hitting that $170 target from the triangle breakout. Should be a big move either way, definitely worth watching as it will have a big impact on the broader market as well.
NASDAQ:NVDA
by AdvancedPlays
NVIDIA Breaks Key Support: H&S Pattern Targets $116.10NASDAQ:NVDA NVDA just broke the $131.80 support zone, acting as the neckline for a head and shoulders pattern . Default targets for this pattern are now projected at $116.10, aligning with the 200% Fibonacci extension level and a convergence cluster of Fibonacci levels. With the bearish butterfly pattern failing by just a few points, a further correction seems likely. As we approach the holiday season, watch for a potential upward trendline support below the convergence cluster—could this be the calm before a deeper dip? NVIDIA (NVDA) broke the $131.80 support zone. Default targets for this pattern are now projected at $116.10,. As we near the holiday season, watch for a possible ascending trendline support below the convergence cluster, which could signal a reversal or continued downside.
NASDAQ:NVDAShort
by Andre_Cardoso