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NVDA trade ideas

Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction: Click chart above to see the detailed analysis👆🏻 Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness. Levels to watch: $120. $60 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDAShort
by basictradingtv
48
Bullish on NVDA: Riding the AI Wave!In trading, understanding the probabilities is crucial. By analyzing historical price movements and applying mathematical principles, I can identify high-probability setups on my charts. This mechanical strategy allows me to make informed decisions about entering long positions on NVDA. Why probabilities? They help me navigate the unpredictable nature of the market, ensuring that my trades are backed by solid data rather than just intuition. Here are some key fundamentals currently supporting a bullish bias for NVIDIA (NVDA): - Surging Demand for AI Chips: NVIDIA is at the forefront of the AI revolution, with its chips being essential for training large language models and powering generative AI applications. The company has seen a staggering increase in demand for its GPUs, particularly the H100 chip, which has become critical for tech giants like Microsoft, Google, and Meta. - Impressive Financial Growth: NVIDIA's stock has surged over 150% this year, significantly boosting its market capitalization. Analysts expect continued strong revenue growth, with projections estimating a 75% increase in third-quarter revenue to approximately $31.69 billion. This financial momentum reflects the robust demand for its AI-related products. - Strategic Positioning in Data Centers: As companies invest heavily in AI infrastructure, NVIDIA's GPUs are becoming indispensable for data centers. The projected global capital expenditure on data centers is expected to rise dramatically, benefiting NVIDIA as it supplies the necessary hardware. - Innovative Developments: NVIDIA is actively developing new AI processors to comply with U.S. export regulations, ensuring it maintains a foothold in critical markets like China. This adaptability positions NVIDIA favorably against rising competition from companies like AMD and Huawei. - Market Leadership: With its early investments in AI technology and continuous innovation, NVIDIA has established itself as a leader in the AI chip market. This dominance allows it to command premium prices and maintain high profit margins, which were reported at 79.1% in the first quarter of 2024. These factors collectively create a strong foundation for a bullish outlook on NVIDIA as it continues to capitalize on the growing demand for artificial intelligence technologies. Join me in this journey towards maximizing our potential gains as we ride the bullish wave! 12M: 2W: 1H:
NASDAQ:NVDALong
by Jasminex1x2
NVIDIA | A Second Technical Entry Opportunity This Year NVIDIA has presented two key technical entry points for investors in 2024. The first entry came during a correction in early August around the $100 level, which was shared on my TradingView channel. The second opportunity is now, following last week’s close at an all-time high level. After NVIDIA's strong rally in 2024, there have been two technical opportunities to enter the stock. The first was during the correction in early August around the $100 mark , which I highlighted in my earlier TradingView post. The second opportunity has emerged now, as last week's closing price marked the highest in history. While the stock hasn't officially hit an all-time high yet, it has broken through the critical $130 resistance level, which had been a barrier for the past four months. This breakout puts the stock in what is often called "open waters," where there is no significant resistance overhead. It's important to note that while this presents a potential technical buy, fundamentals play a key role here. The resistance of four months is relatively short in terms of a breakout, and from a psychological perspective, buying at current highs can feel doubting. While the technicals suggest a reasonable entry, it’s crucial to have a clear thesis, a long-term holding plan, and solid fundamental research. At this point, I would say that entering the stock now carries more risk. It’s not a good entry point for short-term gains, and I wouldn’t recommend an "all-in" approach at these levels. Only investors who are willing to add to their position during a pullback, and who have done their fundamental homework should consider buying now with a long-term perspective. Summary NVIDIA has presented two technical buying opportunities in 2024, with the latest one emerging after a modest breakout above $130. While there is potential for further gains, such as a move toward $150-$170, this is a riskier entry, especially for short-term traders. Investors should consider the current market environment, do their fundamental research, and only buy if they’re prepared to hold for the long term or add to their position in case of a pullback. Regards, Vaido
NASDAQ:NVDALong
by VaidoVeek
NVDA Charting and Overview (Short-Term Short)Hi Traders, Here's my overview of NVDA stock from technical perspective using basic charting and ignoring all the AI frenzy. 1. On 4h time frame I could spot a bigger parallel channel which sits on March 24 highs, Jun 24 highs, August 24 lows (Gap closing). Based on this channel alone, the next target/resistance is ~136 per share area. 2. Also, there is another rising parallel channel which started on the lows of 6th of September. Since then, NASDAQ:NVDA has been printing higher highs until today. This channel upperband is also ~136 area. 3. Finally, if we take a closer look at previous highs where the price pivoted, you can find July 2024 high was the one and was ~136 (136.15 to be precise). This way we have 3 (three) technicals signaling 136 level is a strong resistance and the price might retrace from there at least 4% (down to 130 where another support sits). By the time I am writing this, the price is already in 134 area and I expect it to reach at least 130. Tony.
NASDAQ:NVDAShort
by AATONY
1
Opening (IRA): NVDA Nov 15th 83/98/143/158... for a 2.70 credit. Comments: 30-day IV remains fairly decent here at 48.9%. Going wider than I usually do from a delta standpoint, with the short option legs camped out at the 16 delta, but with the wings at standard width (1/10th the price of the underlying), knowing that I will probably adjust the setup at some point given its duration (56 DTE). Earnings haven't been firmly announced yet, but are likely to occur right around mopex (~11/14), so will look to be out of the trade by then. Metrics: Buying Power Effect: 12.30 Max Profit: 2.70 ROC at Max: 21.95% 50% Max: 1.35 ROC at 50% Max: 10.98% Will generally look to take profit at 50% max; roll in sides to delta balance.
NASDAQ:NVDA
by NaughtyPines
Elliott Wave Expects Nvidia (NVDA) to Extend Impulsive RallyShort Term Elliott Wave View in Nvidia (NVDA) suggests that cycle from 9.6.2024 low is in progress as a 5 waves impulse. Up from 9.6.2024 low, wave (1) ended at 127.67. Dips in wave (2) ended at 114.7 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 117.72 and wave B ended at 122.44. Wave C lower ended at 114.7 which completed wave (2) in higher degree. The stock has resumed higher in wave (3). Potential target for wave (3) is 100% - 161.8% Fibonacci extension of wave (1). This area comes at 142.2 - 158.6 area. Up from wave (2), wave 1 ended at 120.83 and wave 2 ended at 116.42. The stock then nested higher with wave ((i)) ended at 124.36 and pullback in wave ((ii)) ended at 121.46. Expect the stock to extend higher to complete wave ((iii)), then it should pullback in wave ((iv)) before it resumes higher again in wave ((v)) of 3. Near term, as far as pivot at 114.7 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
NASDAQ:NVDA
by Elliottwave-Forecast
Gap fill at $69.38 to be completed by 2025Gap to be filled at $69.38 therefore gravity coming soon, then fast and hard...! Weekly negative RSI divergence indicating a long and steady drop in coming. Daily RSI still bullish but at top of weekly and monthly Berlingeri/ Bollinger Bands. Also, note that there are many competing Tech companies with pricing and product that will undercut NVDA within 6 months. 1.75 Trillion will be the valuation at 70$ which would still be high...! It could and probably will go to $50 or approximately 1.1 Trillion in USD valuation...That is the reality we are living in
NASDAQ:NVDAShort
by italtrini
1
#NVIDIA $NVDA The new leader!Nvidia is the world's number one after passing $MSFT. -Valuation soars to $3.34 trillion. Nvidia completed a 10-for-1 stock split on June 7. The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year. I'm not going to write to much here. The market sentiment is clearly bullish and here are my projections for $NVDA. The chart should speak for itself. Targets zone is shown on the chart. Short term, expect price to consolidate withing the red projection marker based on divergences and anomalies in the relative strength index followed by a continuation of the upwards trend (green projection marker). Targets: (-128),146,160,200 |----Range-----| (alfa) I will take a bullish longer term stand on NASDAQ:NVDA from where we currently sit. Short term, expect a pullback/consolidation at the current level before a possible continuation. (Can add more intraday targets if requested).
NASDAQ:NVDALong
by BaseLineTraders
NVIDIA is Poised to Challenge Its All-Time HighNVIDIA is Poised to Challenge Its All-Time High NVIDIA is approaching its all-time high, which was reached on June 20, 2024, at $140.50. For approximately 110 days, the price has been developing a larger triangle pattern, accumulating bullish momentum. While challenging the all-time high price zone carries some risk, the odds favor a further rise after this period of accumulation. I am looking at possible resistance near the $150 and $170 levels. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:NVDALong
by KlejdiCuni
NVDA: 3-Month Consolidation Primed for Potential BreakoutResistance Level: $135–140 (key breakout point). Support Level: $100–110 (lower bound of the channel). Bullish Breakout: Watch for a breakout above $140 with increased volume, targeting $160+. Bearish Rejection: Rejection at $140 could lead to a move back to $100, with further downside possible on a break below support. This consolidation suggests that NVDA is preparing for a significant move, and close attention to upcoming price action and volume will be crucial in determining the next trend. Breakout Potential: Bullish Scenario: Breakout Above Resistance: If NVDA breaks above the $140 resistance with high volume, it would signal a bullish breakout. Price Target: After the breakout, the first target would likely be around 160 Confirmation: A daily or weekly close above $140 with sustained volume would add confidence to the breakout. Bearish Scenario: Rejection at Resistance: If NVDA fails to break above $135–140 and shows signs of rejection (long wicks or bearish engulfing patterns), it may retrace toward the lower support level of the channel ($100). Breakdown: A breakdown below $100 would signal further bearish momentum, with potential targets around $85–90. Consolidation Continues: NVDA could also continue to consolidate within this channel for a longer period. In this case, range-bound traders might look to buy near support ($100) and sell near resistance ($140), waiting for clearer signals of a breakout.
NASDAQ:NVDALong
by SinghStrategist
NVDA: One last blow-off top or a fake out of the lifetime?NVDA resolved the symmetrical triangle pattern to the upside, making the triangle another wave 4. That means my count needs to shift right one more time, making the last triangle a minor degree wave. If that is the case, then the minor wave 5 is already in progress and most likely waves 1/2 are also complete with wave 3 starting. Targets to the upside would be between 1:1 fib ratio for the green 1and 5 waves and 2.618 fib extension for wave3 of the blue primary wave of cycle wave 3. That puts the target in the box between $200 - $230. Larger market looks to be topping out. We'll see how things play out.
NASDAQ:NVDALong
by mukit1
NDVA Technical Analysis for Tomorrow (10/14/2024)Key Levels: Support Levels: $134.00: This is a key support area, as multiple price reactions are visible around this level. If NVDA breaks below, the next major support appears to be around $133.67 and $130.83. Resistance Levels: $135.00: There is significant resistance around the $135.00 level, where price has struggled to break and hold. $135.78 (Daily High): This is the next resistance level, marking the upper bounds of recent price movement. Indicators: MACD: The MACD histogram appears to be weakening, with bearish momentum developing as the MACD line crosses below the signal line. This could suggest short-term bearishness unless momentum shifts. Volume: Declining volume during the most recent price action could suggest weaker bullish activity, making a break above resistance less likely without strong catalysts. Price Action & Trend: NVDA has been in a consolidation phase within a defined range between $134.00 and $135.78, with a slight bearish bias developing. A failure to break higher could see NVDA retesting the $134.00 support level. Bearish Scenario: A break below $134.00 could trigger further downside pressure, with potential targets at $133.67 and $130.83. Bullish Scenario: If NVDA breaks above $135.78, there could be upward momentum toward the next psychological resistance around $137.00. Plan for Tomorrow: Entry for Shorts: Below $134.00, with a target towards $133.67 and lower if momentum confirms. Entry for Longs: Above $135.78, looking for a breakout towards $137.00 if momentum strengthens. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. I am not responsible for any losses incurred from trading based on this analysis.
NASDAQ:NVDA
by BullBearInsights
$NVDA It's all So Clear NowNASDAQ:NVDA Has been on a helluva' run. It's been great fun but the ride is almost over. With increasing competition and NASDAQ:NVDA completely alienating it's true north being its dedicated and loyal gaming consumer base, the fun is almost over. The AI market is over saturated and the tools needed to run a comprehensive AI gig are well under the unrealistic products advancements NVDA is making. That being said, ever giant eventually finds a lesson in humility. Nvidia having blown through it's 1.618 and 2.618 extensions now has it's eyes on the 4.236 Extension being a target of 156 +or- a few bucks. This Stock is Parabolic in a major way and slowing down fast. The retail crowd is in for a big surprise. No worries because I am here to hold your hand through this difficult time! Once the stock caps out around 160 we will see an initial move back down to re-test the 2.618 and likely bounce. This bounce will result in a retest of the highs where we will either break and go higher, consolidate for a number of months, or double Top for a second failure near 160 where retailers will be left holding the bag. As with all stocks, all great runs and push-offs, NVDA will come back to a 60-70% discount on price near a demand level which I have marked up in Green Boxes. This is where you will want to buy again. For England James.
NASDAQ:NVDAShort
by Midgar-
1
NVDA Set for a Rebound: Will It Hit $137.40 and Beyond?Hey, trading family! Today we’re diving into NVIDIA (NVDA) and its recent price action. Right now, we’re seeing a correction, but all eyes are on whether it can push back up toward that key resistance level of $137.40. Here’s what you need to watch: Downside risk: If NVDA continues to correct, there’s potential for it to drop below $132. If that happens, we could see the price head even lower, testing support around $128-$130. Keep an eye on these levels, as breaking below them could signal further downside. Upside potential: On the flip side, if NVDA finds support and buyers step in, we could see it climb toward $137.40. A strong move above this resistance could lead to a bigger breakout, setting the stage for a push higher. Stay tuned to how NVDA reacts around these key levels—this correction might just present a great opportunity, depending on how the market moves. If this helped, drop a comment or share your thoughts on NVDA’s next move!
NASDAQ:NVDA
by Mindbloome-Trading
Very Bullish on NVIDIA ! Point of Interest at $140.76 but wait..NVDA: Our point of interest is 140.76, and breaking this point would confirm a change of character (CHOCH) or a break of the main structure. But wait before that… We have three validations, one of which is extremely important and needs to be analyzed. The first validation is the break of the ascending channel. Whenever a candle completely exits the channel (body and wick), I consider it a 100% break. Here we have a candle that broke out with significant strength, and in the days that followed, it made a change of character or CHOCH, which is a break of the previous structure or previous swing. The second validation is that the 8 and 21 EMA lines show strong divergence. This means that the price has enough strength to continue moving upward. However, we have not yet seen any pullback. Remember that price cycles are distinguished by 3 movements: 1. Momentum 2. Pullback 3. Impulse We should always measure how much strength the price has by monitoring volume and the divergence of these two important EMAs. My third validation is that we are approaching their earnings report, which could create buying pressure for NVDA before the report, as previous reports have favored the stock and driven the price upward. BUT WAIT ! HOLD YOUR HORSES BEFORE THAT!!! We cannot ignore the order block I have around $134. Be cautious there, as it’s a zone where the price previously had significant liquidity. My prediction is that we may see a retracement before a strong push to our point of interest. Thank you for supporting my analysis. Best regards,
NASDAQ:NVDALong
by RocketMike111