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NVDA trade ideas

NVIDIA (NVDA), TA for Tomorrow 9/24/2024Key Price Levels: Resistance: $119.95: The recent high from prior trading sessions is a key resistance. A breakout above this level could trigger bullish momentum. $116.99-$117.00: Minor resistance. A test and rejection could lead to a downward move, while breaking through could pave the way to test $119.95. Support: $115.38: The nearest support level. If NVDA falls below this, it could be a bearish signal. $112.77: A more significant support level, acting as a cushion for the price action. A break below could signal a bearish trend continuation. Indicators & Patterns: Volume: Volume is mixed, indicating uncertainty in the current market. We see increasing volume during upward pushes, but the declining volume on consolidations indicates weakening momentum. RSI/Momentum Oscillators: These indicators suggest NVDA is neither overbought nor oversold, leaving room for movement in either direction. Wedge Formation: A potential descending wedge pattern is forming, which could break either way. A breakout above resistance ($117) could lead to a sharp upward movement, while a breakdown below $115 may signal further downside. Potential Scenarios: Bullish: If NVDA holds above $115.38 and breaks through $117, a bullish move toward $120 or beyond is likely. This would depend on market sentiment and broader indices. Bearish: Failing to hold $115.38 could signal a retest of $112.77, with a potential drop to $110 or lower if overall market conditions weaken. Strategy Suggestions: Opening Trade: Watch for a breakout above $117 at the open. This could be a signal to go long, especially if there's strong volume confirmation. Stop Loss: If entering long, set a stop loss just below $115.38 to minimize risk. Downside Caution: If NVDA breaks below $115, consider shorting with a target around $112.77 and tighter stop losses. Note: Tomorrow’s direction could be influenced by broader market conditions or any tech-related news, so keep an eye on macro indicators like the NASDAQ and sector-specific catalysts.
NASDAQ:NVDA
by BullBearInsights
NVDIA: Neutral but ready to breakout aggressively to the upside.NVDIA is neutral on its 1D technical outlook (RSI = 49.101, MACD = -0.300, ADX = 35.106) as it is trading exactly on its 1D MA50. The long term pattern has been a Channel Up for the past two years and having touched its bottom on the August low, we expect the price to have broken upwards within 3 weeks. The early signal for that will be the RSI crossing overs its LH trendline. TP = $230.00 ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
Will Nvidia Come to Life?Nvidia has been largely quiet as the S&P 500 pushes to new highs, but will that change? The first pattern on today’s chart is the convergence of the 50- and 100-day simple moving averages. On one hand, this highlights the semiconductor giant’s longer-term uptrend. On the other, it highlights intermediate-term neutrality. That could make some trend followers look for the longer-term direction to resume. Second, the $117 zone was a weekly low in mid-June and support a couple of times in the subsequent month. The stock just formed an inside week in the same area. That may suggest prices are tightening before a potential move. Third, MACD has started rising and the stock has mostly been above its 21-day exponential moving average. Those patterns may reflect increased bullishness in the short-term. Finally, you have the bigger picture of the broader market breaking out as the Federal Reserve gets dovish. With this year’s most prominent gainer more than 15 percent below its all-time, some investors may look for money to return to such a leader as yearend comes within view. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:NVDA
by TradeStation
NVDA - Still Bullish, But Major Potential Sell Signal LoomingThis week in NVDA I am paying attention to the following: -On the monthly timeframe, we see that there is a significant bearish divergence setup forming. This has not yet triggered, though, so the bulls can relax (for now). However, in 7 days when the Monthly candle closes, we need to pay close attention to the CCI divergence. If it confirms, it implies a MAJOR bearish correction for NVDA is on the horizon. -But in the meantime, everything is all systems go for the bulls. If you trade based on the Monthly, any pullbacks into the $88 region (Monthly MAC low) would be satisfactory spots to look for Buy triggers on the Daily timeframe. The Williams Acc/Dis is positioned well above its 57 period MA, which means we should look to buy any pullbacks into the low of the MAC. -Weekly analysis also implies all is good for the bulls. I will look for Buy triggers on the 6H chart if price pulls back into the $107 region (Weekly MAC low). -For fun, I throw some cyclical analysis into the mix. We see that NVDA has a strong seasonal cycle for an upmove from early October into November. Thank you for reading. Enjoy your week.
NASDAQ:NVDALong
by Tradius_Trades
10
Nvidia looks pretty flat these days but it needs to MOVE ! We believed Nvidia would make the turn to validate and then break point #5, but that wasn’t the case. Nvidia remains within the bearish sequence, but it still hasn’t been able to give us confirmation of reaching point #5. The only thing we need to consider is the structure of the bearish channel, in which the most important part of this structure is our GAP zone (blue), as that’s where most buy orders are positioned, and we can see it has respected it correctly (see green circles). The scenario over the last few days looks very flat; Nvidia has to break the line it’s currently on to activate our point #5 or, in another scenario, retest the GAP Zone, which it has already tested and is of great importance since that's where the largest number of buy positions are concentrated. So, if it comes back to touch our GAP Zone (Blue), you know what to do! Best regards, and thanks for supporting my analysis.
NASDAQ:NVDA
by RocketMike111
1
NVIDIA Corporation (NVDA) short term outlook is bullishNVDA is currently consolidating within a bullish flag pattern, as indicated on the chart. A breakout above the current consolidation zone is likely before the price can move towards the $127 resistance level. If the stock breaks out of the flag with strong volume, it would confirm a continuation of the recent bullish trend. Once the breakout occurs, the next target would be $127, where the descending triangle's resistance comes into play. However, a failure to break out of the flag pattern could lead to a pullback towards $105 support. The stock's proximity to its 50-day moving average adds significance to this area. Monitoring the breakout from the flag pattern is key for confirming the next upward move.
NASDAQ:NVDA
by TraderhrTrading
NVIDEA - Poised for a Breakout: Which Way Will It Go?NVIDIA ( NASDAQ:NVDA ) is currently consolidating between lowering highs and rising lows, forming a symmetrical triangle. There are two possible support lines: one starting from October 2022 and another from February 2024. I’m leaning toward the 2022 support, as it lines up with the 150-day moving average (MA150), making it more reliable. The stock is trapped between two key horizontal levels: $140 resistance (all-time high). $102 support, a major level to watch for any breakdown. A breakout above $140 or a break below $102 could lead to significant moves. NVIDIA is leading the AI wave, and demand for their chips is incredibly strong, with big partnerships with companies like Microsoft and Amazon continue to drive the momentum. This, combined with solid technicals, makes me lean toward a bullish breakout. What are your thoughts? Do you think NVIDIA will break higher or lower as it nears the triangle’s end?
NASDAQ:NVDALong
by elka_graph
3
NVDA SHORT TRADE IDEA>Technical Direction: Daily Downtrend (2 Consecutive LHs) >We have a Rally-Base-Drop(RBD) Weekly Supply Zone coverage for the RBD Daily Supply Zone >We have a high quality Leg-out(Imbalance) from Weekly TF and a Gap+Explosive leg-out from Daily Supply *Stochastic RSI confirmation (This is not a Timing tool, We always follow the Law of Supply and Demand): Stoch RSI is at Overvalued Zone, meaning price is looking for a Supply Zone to Drop the price. Entry, Stop Loss(Entry zone plus -33%), Target(2R) is shown on the chart via Fib Retracement Trade Safe
NASDAQ:NVDAShort
by TradersPod
2
Is NVDA ending a Wave (B) or are we starting the last Wave (5)?Let’s first define what Wave 5 is to assess whether we’re still in one. Personality Wave 5 is generally less dynamic than Wave 3 in terms of breadth. As Wave 5 progresses, optimism runs extremely high despite the narrowing of participation. The retail public becomes increasingly interested, fueling this final leg higher. Signs of an optimistic herd mentality are everywhere. The price action in Wave 5 tends to be more sluggish than in Wave 3, and there may be divergence patterns between the two waves, often highlighted by indicators like the Awesome Oscillator (AO), Stochastic, and Relative Strength Index (RSI). Commercials and institutions typically enter early, during Waves 1 and 3, while the retail public jumps in later, during the Wave 5 phase. At this point, there’s no one left to push prices higher. Key points to remember: Wave 5 of an impulse consists of 5 sub-waves, which follow the same rules and guidelines as it is part of a fractal structure. Divergences between volume and price are a reliable clue in the fifth wave. Volume should increase and remain fairly well-maintained, with little additional price progress, signaling a potential reversal. Rules Impulse • Wave 5 always subdivides into an impulse or an ending diagonal. • Waves 1, 3, and 5 are never all extended simultaneously. Diagonal • Wave 5 can form an ending diagonal. • Wave 5 always ends beyond the end of Wave 3 in a leading diagonal. • Wave 5 is always shorter than Wave 3 in a contracting diagonal. • Wave 5 is always longer than Wave 3 in an expanding diagonal. • Wave 5 always ends beyond the end of Wave 3 in an expanding diagonal. Guidelines Impulse • Wave 5 sometimes doesn’t surpass the end of Wave 3 (this is called truncation). • Wave 5 is the second most common extended wave, particularly in commodities markets on daily and weekly charts. • Wave 5 tends to equal Wave 1 when Wave 3 is extended. • When Wave 5 is extended, it is often in Fibonacci proportion to the net travel of Waves 1 and 3, typically 161.8%. • If Wave 3 is not extended, Wave 5 is unlikely to form an ending diagonal. Diagonals • Wave 5 of a leading diagonal usually subdivides into zigzags but may also appear as an impulse, along with Waves 1 and 3. • When Wave 5 follows a triangle, it is typically either a brief, rapid move or an exceptionally long extension. • Wave 5 usually ends at or slightly beyond a line connecting the ends of Waves 1 and 3 (this extended move is known as a throw-over in a contracting diagonal). • In an expanding diagonal, Wave 5 typically ends just before reaching the line connecting the ends of Waves 1 and 3. Channels • Use a deceleration channel to identify when Wave 5 is in progress. Extended Waves If both Waves 1 and 3 were regular, it’s likely that Wave 5 will extend. An irregular correction is often seen at the end of an extended Wave 5, which is prone to what’s known as double retracement. If Wave 4 was an irregular correction, you can be fairly certain that Wave 5 will extend. While it’s rare for two sub-waves to extend, it is common for both Waves 3 and 5 to extend when they are of Cycle or SuperCycle degree and occur within a fifth wave of a higher degree. Fibonacci Ratios • Wave 5 is often 0.618 times the length of Wave 1. • Wave 5 is often equal to Wave 1. • Wave 5 is often 127.2% of Wave 4. • Note that the orthodox end of Wave 4 can differ from the extreme of Wave 4. Conclusion: We’re clearly in a herding phase, but it’s been that way for several months. There’s significant insider selling in NVDA, and it seems investors are starting to realize that AI’s impact on the market isn’t as strong as the narrative suggested. Personally, it’s hard for me to determine whether we’re in Wave B or Wave 5—the next few weeks should clarify the situation. I prefer to wait for confirmation before making a safe short bet. As for going long, I’ll stay away for now—prices are just too high.
NASDAQ:NVDAShort
by integer256
2
NVDA- Will the tides change?In the 4-hour chart, I’ve labeled key Wyckoff phases that suggest NVIDIA is currently undergoing a redistribution process. They will be explained in this idea. The chart also highlights the presence of unrecovered green vector candles, which often represent market makers' or institutional shorts that they may want to recover. This analysis is not taking into consideration any news or earnings info. This is based off what I see in the chart, and my knowledge as an Astrologer. Let’s dive into the details: Wyckoff Analysis Preliminary Supply (PSY): The initial area where selling pressure began to emerge, halting the previous uptrend. This suggests that larger players started to distribute their holdings. Selling Climax (SCLX): Following the PSY, this phase marked a sharp decline as selling pressure intensified, leading to a temporary bottom where selling reached its peak. Automatic Reaction (AR): After the selling climax, the price experienced a brief rally, marking the upper boundary of the distribution range as buyers temporarily gained control. Secondary Test (ST): The price returned to test the levels near the SCLX, confirming the distribution phase as supply continued to outweigh demand. Upthrust After Distribution (UTAD): This final push upwards likely trapped late buyers before supply completely overwhelmed demand, causing the price to start moving downward again. This is often a strong indicator that the distribution phase is nearing its end. Current Situation NVDA is currently near the top of the distribution range, where the UTAD has formed. The consistent rejection at the Supply Line reinforces the likelihood of further downside. It seems that buy volume has been gradually decreasing, while price has been rising, signaling a divergence. Additionally, the presence of unrecovered lime green vector candles below indicates potential targets where market makers or institutions might look to recover their shorts, typically areas of interest for price action to revisit. Key Level to Watch Before considering the more distant price targets, the first and most critical level to focus on is the 50% retracement of this up move ($111). If NVDA reaches this level and breaks below it with strong momentum, it would confirm a bearish scenario and suggest further downside. However, if the price bounces off this level, it could indicate a potential recovery and move higher, challenging the bearish outlook. Future Path The speculative path drawn on the chart suggests the following: NVDA may break below the current range and head towards the Demand Line or the support levels below. The price could go find the Preliminary Support levels around $75-$65 before any significant movement occurs. Price may range between these levels and $90 for some time. The lower levels of support, particularly around $65-$75, are crucial as they represent areas where significant buying might re-emerge. Mercury Retrograde Influence It’s worth noting that we are currently in a period of Mercury retrograde, which began on August 5th and ends on August 28th. While this might seem unorthodox, my research has shown that certain stocks, including NVIDIA, have a tendency to experience trend reversals following the conclusion of Mercury retrograde periods. As the retrograde ends on August 28th, I expect to see a reversal in NVIDIA’s price action shortly thereafter, which aligns with the potential end of the redistribution phase.
NASDAQ:NVDA
by OnlyProfits888
3 Pro Tips for Managing Losing Trades,Risk, Emotions & StrategyManaging losing trades is an essential part of trading, whether you're involved in stocks, forex, or any other financial market, we have all heard traders say I haven't ever taken a loss before my strategy has 100% win rate blah blah ok really, even the best traders in the world take losses, as humans we naturally don't like to lose but in trading its a part of doing business. Here are three in-depth tips to help manage losing trades effectively: ### 1. ** Develop and Stick to a Risk Management Plan ** A risk management plan is your primary defence against significant losses. The key components include position sizing, setting stop-losses, and managing risk-reward ratios. - ** Position Sizing **: Always ensure that you're not risking too much of your capital on a single trade. A common rule is to risk no more than 1-2% of your trading capital on any given trade. This way, even if you hit a streak of losses, your account can recover. - ** Set Stop-Loss Orders **: A stop-loss is a predetermined point where you exit a trade to prevent further losses. This should be set based on your analysis and not emotions. Many traders use technical levels like support and resistance or a percentage-based rule (e.g., 2-5% below the entry price). However, it’s essential to place the stop at a level that aligns with market conditions, rather than placing it arbitrarily. - ** Risk-Reward Ratio **: Aim for a risk-reward ratio that makes sense in the long term (e.g., 1:2 or 1:3), meaning that for every dollar you risk, you aim to gain two or three. This ensures that even with a lower win rate, your winning trades can outweigh your losses. ### 2. ** Detach from Emotional Biases ** Emotions like fear, greed, and frustration can cloud judgment, leading to poor decision-making during losing trades. Psychological discipline is crucial to protect against these common pitfalls. - ** Avoid Chasing Losses **: After a losing trade, many traders try to "win back" what they lost quickly, often leading to overtrading or taking high-risk trades. This is called "revenge trading" and can exacerbate losses. Take a step back, assess the situation, and only enter new trades that meet your criteria. - ** Accept Losses as Part of the Process **: Losing trades are inevitable. Successful traders view losses as an expense or cost of doing business. They understand that even the best trading strategies have losing streaks. Accepting this reality helps you avoid emotionally driven decisions. - ** Maintain a Trading Journal **: Keeping track of both winning and losing trades can help you identify emotional patterns. Record why you took the trade, the results, and how you felt during the trade. This reflection can provide insight into emotional triggers and help you make more rational decisions in the future. ### 3. ** Adjust Your Strategy Based on Market Conditions ** Markets are dynamic and constantly changing. What works in one market environment may not work in another. Regularly review and adapt your trading strategy to current market conditions, particularly after losing trades. - ** Assess Trade Context **: After each losing trade, conduct a post-trade analysis. Did the trade fail due to poor market conditions, execution errors, or a flaw in your strategy? Recognising these patterns can help you tweak your approach and avoid repeating the same mistakes. - ** Diversify Your Strategy **: Relying too heavily on one trading approach or asset class can increase the likelihood of losses during unfavourable conditions. Consider diversifying your strategies (trend following, mean reversion, etc.) and the assets you trade. This spreads risk and can stabilise performance during market volatility. - ** Cut Losses Early When Conditions Change **: If the market conditions that supported your trade change significantly, don’t hesitate to exit the trade, even before hitting your stop-loss. For example, news events or shifts in sentiment can render your trade idea invalid. Being flexible and willing to exit early when your initial reasoning no longer holds is essential. By applying a robust risk management plan, controlling emotional biases, and regularly adapting your strategy to current market conditions, you can navigate and limit the damage of losing trades.
NASDAQ:NVDAEducation
by Costy13
2