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NVDA trade ideas

NVIDIA - Last stage of bull run In my previous post about NVIDIA couple of months back, I presented the Livermore Speculative chart, which illustrates how NVIDIA is poised for a parabolic move. After a consolidation period of 1-2 months, the upward momentum is about to begin. I've also provided a long-term perspective on NVIDIA, indicating that we are on the verge of completing a significant wave. Based on the time cycle, I anticipate this will conclude between February and March 2025, with the upper end of the parallel channel projected to be in the range of 260-300. Please refer to the time cycles shown at the bottom of the chart. Following this period, we may enter a substantial correction that could last for several years. If you find this idea valuable, please share and boost this idea ! :)
NASDAQ:NVDALong
by coding_thoughts
NVDA Ascending Channel Insights: Key Scalping & Swing ZoneNVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan. Market Structure Overview: * Trend: NVDA is trading within an ascending channel, suggesting bullish momentum. However, the price is approaching resistance near $148-$150. * Current Price Action: The last few candles show a slowing upward momentum, signaling potential consolidation or pullback. * Key Levels: * Resistance Zones: $148.55 (short-term), $152.89 (channel top and major resistance). * Support Zones: $137.77 (critical swing low), $131.89 (channel bottom and potential bounce area). Liquidity & Order Blocks: * Liquidity Zones: Significant liquidity sits below $137.77, which could attract a stop hunt before a reversal. * Order Blocks: * Bullish OB: Around $137.77-$139, aligning with the last strong bullish breakout. * Bearish OB: Near $148-$150, likely to act as a supply zone. MACD & Volume Analysis: * MACD: Shows a bearish divergence—momentum weakening while price trends higher. Watch for a cross below the signal line for confirmation of a pullback. * Volume: Declining on recent upward moves, which may indicate waning bullish strength. Scalping Strategy: * Entry: Look for short scalps near $148-$150, especially if a rejection forms with bearish candles and MACD confirmation. * Exit: Target $145-$144 for quick profits, with a tight stop-loss above $150. * Stop-Loss: $150.50 to minimize risk in case of a breakout. Swing Trading Strategy: * Bullish Play: Wait for a pullback into the $137.77-$139 support zone. Enter long if bullish confirmation (e.g., hammer or engulfing candle) appears. * Bearish Play: If price fails to break $150 and confirms a lower high, consider shorting with targets at $137.77. * Stop-Loss: For longs, set at $137. For shorts, above $150. Game Plan: 1. Pre-Market Prep: * Mark key levels: $150 (resistance), $137.77 (support), and channel edges. * Check for news or macro events affecting tech stocks. 2. At Market Open: * Monitor initial price action for rejection or breakout near $148-$150. * Look for high-volume moves to confirm trend direction. 3. Mid-Day Play: * If price consolidates near the channel's midline, avoid overtrading. * Focus on reacting to breakout or pullback scenarios. 4. EOD Exit: * Close all scalping positions by the day's end to avoid overnight risk. Likely Direction: * Bullish Scenario: A breakout above $150 could push NVDA towards $152.89 or higher, aligning with the channel top. * Bearish Scenario: Failure to sustain above $148 may lead to a retracement towards $137.77 for liquidity. Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
NASDAQ:NVDA
by BullBearInsights
Watching For a Bullish ContinuationHello Traders! I'm almost interested in the long with Nvidia. I like the bullish sentiment, and patterns it's creating to give a nice swing set up. My main target is to fill that big wick on Nov. 21st at 150.00. Right now as it's pulling back, I'd like to see it hit an area around 144.00-143.00. If price can take the sell stops, and reverse off that area, then I'll consider calls to 150.00. Watching closely! 👩🏼‍💻 *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
NASDAQ:NVDALong
by thattradergirl
NVDIA Channel Up ready to explode in 2025 for a $350 target.NVIDIA corporation (NVDA) has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom. This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. As you can see both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200 (orange trend-line). Then, using the 1W MA50 (blue trend-line) as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis. Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound (green circles)) is bouncing off its MA (yellow trend-line) and looking for a break-out above the (dotted) Channel Down. We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
6
NVDA on the Rise: Key Levels, Trading Strategy for Dec. 5Trading Plan for NVDA Technical Analysis & Price Action: * Current Trend: NVDA is trading within an ascending channel, indicating a short-term uptrend. The price is approaching a key resistance zone near $146, while maintaining support at $140. * Support Levels: Immediate support at $140.34 and stronger support at $137.83. * Resistance Levels: Current resistance at $145.79. A breakout above $146 could test $150. * Liquidity Zone: The $140-$142 zone shows significant buying interest, evident by the volume spike and price rejection from lower levels. Order Block Insights: * A bullish order block is identified around $140-$141, where large buying volumes emerged, pushing the price higher. This zone could serve as a re-entry point if the price pulls back. Scalping Gameplan: 1. Entry for Scalping: * Buy above $145.80 for a quick scalp targeting $146.50-$147. * Look for a pullback to $140-$141 and enter on bullish confirmation for a tight stop-loss setup. 2. Stop Loss: Place stop-loss slightly below $139.50 to manage risk. 3. Exit Targets: For scalping, take profit near $146.50-$147 and adjust based on momentum. Swing Trade Strategy: * Bullish Outlook: Enter above $146 on a confirmed breakout for a swing trade targeting $150-$152. Set stop-loss below $140 for risk management. * Bearish Outlook: If the price fails to hold $140, a short trade could target $137.80, with stop-loss above $142. Suggestions & Projections: * NVDA is exhibiting bullish momentum, but the overextended MACD hints at a potential pullback. Watch for volume confirmation near resistance before entering. * For scalping, stick to tight levels and monitor volatility. Swing traders can wait for a breakout above $146 or a retest of $140 for optimal entries. Thoughts: * NVDA is showing strength, supported by robust volume, but caution is advised as the stock nears resistance. A breakout could attract fresh buyers, pushing the stock higher. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
NASDAQ:NVDA
by BullBearInsights
NVDA to $180 or $190 in 35 days ?NVDA is re-entering an upward channel that began on August 5, 2024, when it hit a low of $90.69 following its 10:1 stock split. This movement coincides with the stock surpassing the key $140.76 high recorded on June 20, 2024, which we identify as the end of Wave 3 in its major bullish cycle . After the Wave 4 correction , which took the price from $140.76 down to a low of $90.69 on August 5, 2024, NVDA appears to have started a Wave 5 . This wave has the potential to drive the price to $180.00, or even $190.00, possibly by Friday, January 17, 2025 , the last trading session before the inauguration of President Donald Trump. Our Perspective on NVDA's Major Bullish Cycle We divide this cycle into the following stages, based on Elliott Wave theory: Wave 1 Period: May 13, 2016, to November 22, 2021 Price movement: from $1 to $34.65 (+3365%) Wave 2 Period: November 22, 2021, to October 13, 2022 Price movement: from $34.65 to $10.81 (-68%) Wave 3 Period: October 13, 2022, to June 20, 2024 Price movement: from $10.81 to $140.76 (+1202%) Wave 4 Period: June 20, 2024, to August 5, 2024 Price movement: from $140.76 to $90.69 (-36%) Wave 5 (in progress) Estimated period: August 5, 2024, to January 17, 2025 Projected price movement: from $90.69 to $180.00 (channel midpoint) or $190.00 (channel top) (+100% projected). Key Levels to Monitor $180 as the channel midpoint , and $190 as the upper limit by January 17, 2025. If NVDA exits the upward channel and breaks below $131, we will exit our position in the stock . Our opinion is for educational purposes only and should not be considered a recommendation to buy. Before making any investment, consult with your financial advisor.
NASDAQ:NVDALong
by SHGTrading
1
NVDA Hits 2nd Target at $143.60 – Bullish Momentum Prevails!NVDA has successfully reached its 2nd target at $143.60, showcasing strong bullish momentum. Key Levels: After breaking resistance at $139.25, the price steadily moved towards the next target. Next Steps: Monitor the price action near $148.52 for potential continuation towards higher levels or a pullback toward support at $139.25. Congratulations to those who traded this move! 🚀📈 Let’s watch for the next opportunity!
NASDAQ:NVDALong
by Xeeshan79
1
Nvidia: Next Leg Coming?Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming. The first pattern on today’s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old resistance become new support? Second, the 50-day simple moving average (SMA) recently converged with the 100-day SMA and is now pulling away. That may suggest its longer-term trend is getting bullish after a period of neutrality. (The activity also resembles patterns in late 2023 and early 2024 before the chip giant doubled.) Third, stochastics are rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. 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
10
NVDA Breakout Watch: Trading Plan for Dec. 4, 2024NVDA is setting up an interesting price action pattern, hinting at potential breakouts or consolidations. Here's a detailed trading plan based on technical analysis to help you navigate the next moves confidently. 1️⃣ Price Action & Chart Analysis On the hourly chart: * Trend Channel: NVDA is trending within an upward channel, showing higher lows and higher highs. The current price is testing the upper trendline resistance. * Key Levels: * Support: $137.75 * Resistance: $140.82 Watch for a breakout above $140.82 or a pullback to test $137.75 for entry points. * Liquidity Zone: A liquidity zone appears between $137.75 and $140.43. This range is critical for observing where buyers and sellers engage. 2️⃣ Order Block & Supply/Demand Zones * A visible demand zone around $137.75 aligns with the recent pullbacks, suggesting buyers are stepping in at this level. * Supply zone near $141 aligns with previous resistance, making it a critical breakout level. 3️⃣ Scalping Strategy For scalpers: * Entry: Look for a breakout above $140.82 with volume confirmation. Target $142 for a quick profit. * Stop-Loss: Tight stop below $140.43 to minimize risks. * Volume Check: Ensure there’s increased buying volume for momentum plays. 4️⃣ Swing Trade Strategy For swing traders: * Entry Option 1: Pullback entry near $137.75 if it holds as support. * Entry Option 2: Breakout above $141 with a daily close confirmation. * Targets: First target at $145, second target near $150 if momentum continues. * Stop-Loss: Place stops below $137 for pullback entries or under $140 for breakout plays. 5️⃣ MACD & Momentum Insights * MACD on the hourly chart is curling upward, indicating bullish momentum. * Keep an eye on a potential divergence if the price starts consolidating near resistance. Game Plan for Tomorrow * Scenario 1: If NVDA breaks $140.82, wait for confirmation with volume to enter. Trail stops as the price approaches $142 and $145. * Scenario 2: If it rejects $140.82, prepare for a pullback to $137.75, where scalpers can look for a quick bounce. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade responsibly and manage your risk effectively.
NASDAQ:NVDA
by BullBearInsights