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NVDA trade ideas

NVDA Swing Long TradenVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels. At the moment, we are still trending upwards on the longer term, with a large base / liquidity zone at my buy targets between $65-$75. There are several levels of confluence that I have for this trade: 1) Liquidity zone located at the pivot low of $75. I would look for a swing failure pattern here. 2) Gap zone from $66/$68 would be nice to fill and bounce from. 3) Trend based fib extension from the low at $91 and then swing high at $131 at the 0.618 would bring us exactly to the point of liquidity marked at $75. 4) I would like to see Bullish CVD and divergences at these prices as another confirmation to take a swing long trade. My analysis is based strictly off the technical's on the charts, and there wont be much updates here unless the alert is triggered at $75. Only time will tell!
NASDAQ:NVDALong
by afurs1
1
Are we headed to an incremental new high?With Nvidia breaking tp the upside of the target box for circle-b, that means if we continue to follow through in the Minor B wave, as I am forecasting, we stand an excellent chance to making new all-time highs on a very marginal basis . Nonetheless, this will still be part of the overall primary degree correction that Nvidia is involved in. Read my last post of Nvidia to see the previous target box Larger Timeframe Analysis Showing Primary Degree Correction
NASDAQ:NVDA
by maikisch
Nvidia (NVDA) Shares Surge Over 8%Nvidia (NVDA) Shares Surge Over 8% According to the Nvidia (NVDA) stock chart, yesterday’s closing price was just below $117, compared to just over $108 the day before. The positive momentum was largely driven by the stock market’s reaction to inflation news, as mentioned earlier. For Nvidia investors, this is a clear sign that the stock is regaining its leadership position, a success attributed to CEO Jensen Huang. As Barron’s reports, at the Goldman Sachs conference in San Francisco, Huang discussed the launch of the new Blackwell chip and the return on investment for Nvidia’s clients. He mentioned that demand is so high that some companies Nvidia works with have become "emotional." Technical analysis of Nvidia's (NVDA) stock chart shows the price forming an ascending linear regression channel (shown in blue), rebounding from its lower boundary. However, bulls will need to prove their strength, as a series of resistance levels lie ahead: → The bearish gap zone around $117. → The psychological level of $130. → The upper boundary of the descending channel (shown in red). If the Federal Reserve cuts rates next week and Powell’s comments are dovish, Nvidia’s stock could break through this resistance and continue its impressive 2024 rally, which saw the price increase by around 150% in the first half of the year. Analyst forecasts remain optimistic. According to a Tipranks survey of 42 analysts, 39 recommend buying NVDA stock, with an average price target of $153.24 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NVDA
by FXOpen
3
NVDA rallied today with consistent strong volumeAfter a good cpi report NVDA rallied with momentum giving clues of more rallying to come Rally stayed under resistance level which indicates for a sustained rally Volume increased and remained steady during rally RSI broke above 50 going into bullish zone. Hopefully SMA will follow NVDA has started to form long term downward trend that began back in July. We need to watch out for this zone as a take profit area Overall we expect the rally to continue.
NASDAQ:NVDALong
by ratchet-mint
### NVDA Analysis: Clear Ascending Channel Since October 2022###📈 **NVIDIA (NVDA) in a Clear Ascending Channel** Since October 2022, NVIDIA's stock has been exhibiting a well-defined ascending channel. This bullish movement has been driven by several factors, including the increasing demand for its products in the artificial intelligence and gaming sectors, as well as its strong position in the semiconductor market. 🔍 **Technical Analysis:** - **Support and Resistance:** The ascending channel has formed with clear support and resistance lines that have been respected multiple times, indicating the strength of the trend. - **Indicators:** Technical indicators such as RSI and moving averages suggest that the stock remains in an upward trend, although it’s important to watch for potential pullbacks. 📊 **Future Outlook:** If NVDA continues to respect the channel, we could see further growth potential in the short to medium term. However, it’s crucial to monitor trading volume and any relevant news that may impact the price. 💬 **Conclusion:** NVDA is currently in a clear ascending channel, suggesting that investors should look for buying opportunities on pullbacks towards the channel's support line. What are your thoughts? Do you believe NVDA will continue its upward trajectory?
NASDAQ:NVDALong
by jhaynsf
1
NVIDIA Contraction Continues- NVDA Breakout PendingNVDA remains in a massive consolidation pattern just below the record highs. Initial resistance eyed at 119.68 backed by a more significant technical confluence at 126.02/46 (61.8% extension of the August rally / August high-day close). Look for a larger reaction there IF reached with a close above needed to fuel the next leg towards 130.78 and the 100% extension at 141.52 . Key support remains unchanged at the 61.8% retracement of the April rally / August low-day close at 100.45/49 . A break below this threshold would be needed to suggest a more significant high was registered in June and shift the focus back towards a test of the 200DMA (currently ~90). Battle lines drawn . . . Michael Boutros @MBForex
NASDAQ:NVDA
by FOREXcom
NVDA oversold - I triple dog dare you to bet against AIFull disclosure, I'm not taking this trade. Don't get me wrong, I LOVE it. NVDA has a great reecent track record when short-term oversold as the arrows indicate. I just have my max # of positions and I won't overextend even for NVDA. I don't imagine this pullback is done. But there has been no such thing as as a bad time to buy NVDA in the last several years, looking back now. I suspect strongly that not long after the Fed announcement, this will be overbought and profitable. This is one that if I were to buy it, I wouldn't have a minute of worry, much less lose sleep if I had to hold it for a long time to wait for it to become profitable. We are in the VERY early innings of an AI revolution. I believe this technology is as transformational as the silicon chip or the internet were, and NVDA would be as close to a core holding in that regard as there is. I have no skin in this game currently, and this is simply one man's musings on a good time to enter for a short term trade. I may need a reminder to keep this on my radar since I'm not actively trading it, so feel free to comment to ask for updates if you're interested. This is for the purposes of financial edutainment. This isn't investment advice and you should always do your own due diligence before entering a trade.
NASDAQ:NVDALong
by redwingcoach
45
Nvidia - A Correction Of -50% Is Starting!Nvidia ( NASDAQ:NVDA ) is reversing at a strong resistance: Click chart above to see the detailed analysis👆🏻 Last month Nvidia already corrected about -35% but managed to close with an indecision doji candle. However, previous cycles, the recent rally of +1.000% and the fact that Nvidia is retesting a strong resistance trendline all suggest that Nvidia will still move much lower soon. Levels to watch: $100, $55 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDAShort
by basictradingtv
27
Nvidia Stock Analysis: A Rally Amid Divergence & Strategic MovesNvidia (NASDAQ: NASDAQ:NVDA ) stock has seen notable volatility recently, rallying 6.6% despite mixed performances from its peers in the so-called "Magnificent Seven" stocks, which include Apple, Microsoft, Google, Amazon, Meta, and Tesla. These tech giants dominated the market in 2023, but the third quarter of 2024 has seen divergent returns and significant selling pressure, causing a rebound in Nvidia's stock after hitting early August lows. Nvidia’s influence on the Nasdaq Composite and S&P 500 indexes is considerable due to its large market cap. The stock’s current performance and future prospects are under the microscope of investors and analysts alike, as Nvidia continues to navigate both technical and fundamental factors that could shape its near-term trajectory. Beating Estimates and Strategic Advances Nvidia (NASDAQ: NASDAQ:NVDA ) recently beat Wall Street’s estimates for its fiscal second quarter, reporting adjusted earnings of 68 cents per share on sales of $30.04 billion. This was well above analyst expectations of 65 cents per share on sales of $28.74 billion. The company’s earnings soared 152% year-over-year, while revenue jumped 122%, showcasing the strength of Nvidia’s business amid the growing demand for AI and high-performance computing chips. Additionally, the U.S. government is reportedly considering allowing Nvidia to export advanced chips to Saudi Arabia, potentially enabling the country to train and run powerful AI models. This move, reported by Semafor, would further bolster Nvidia's sales pipeline and extend its reach in the global AI market. Saudi Arabia is making efforts to comply with U.S. security requirements to expedite the acquisition of Nvidia's advanced H200 chips, which are already being used in OpenAI’s GPT-4o, a cutting-edge multimodal platform. The Biden administration’s recent restrictions on AI chip exports, aimed at limiting China's access, have opened strategic opportunities for Nvidia to expand in Middle Eastern markets like Saudi Arabia, provided these nations comply with U.S. regulations. Technical Outlook Technically, Nvidia stock (NASDAQ: NASDAQ:NVDA ) is showing resilience. Despite the recent dips, NASDAQ:NVDA has rebounded 6.22%, currently attempting to rise from the August low of $90.76. This recovery is supported by the Relative Strength Index (RSI), which stands at a healthy 54.98, indicating the stock is not in overbought territory and has room to rally. Nvidia’s stock is trading above key moving averages, including the 50-day, 100-day, and 200-day moving averages, reinforcing its bullish outlook. The ability to maintain these levels despite recent market turbulence underscores Nvidia's strong market positioning. The stock’s 10-for-1 split, which took effect in June, has not dampened investor enthusiasm, as NASDAQ:NVDA continues to attract buyers looking to capitalize on its ongoing leadership in the AI and semiconductor industries. What’s Next for Nvidia? Nvidia’s future appears bright, driven by robust earnings, strategic market opportunities, and technical strength. However, investors should remain vigilant of potential risks, including regulatory challenges and broader market volatility that could impact the stock’s short-term performance. With U.S. authorities closely monitoring AI chip exports, any changes in policy could affect Nvidia’s international growth prospects. Investors should also keep an eye on Nvidia’s ongoing innovations in AI, gaming, and cloud computing sectors, which continue to drive revenue growth and market leadership. As the company looks to capitalize on emerging technologies and new markets, Nvidia's stock is positioned to benefit from both fundamental and technical tailwinds. Conclusion: Nvidia’s impressive rally and resilient stock performance amid market fluctuations underscore its dual strength in fundamentals and technical. The company’s ability to beat earnings expectations, navigate geopolitical complexities, and maintain key support levels highlights Nvidia as a standout in the tech sector. For investors seeking exposure to a leader in AI and high-performance computing, Nvidia remains a compelling choice with the potential for continued gains.
NASDAQ:NVDALong
by DEXWireNews
NVIDIA- Be patient, Correction Not CompletedNvidia has pulled back and touched the $100 level, which aligns with the 78.6% retracement of the rise from August. This could be an important support level, especially considering that a triangle pattern is one potential scenario here. We also believe that the overall stock market, along with major indices, could remain range-bound for another week until the Fed rate decision, after which markets may finally break out of this summer range. For now, the ABCDE triangle remains a valid scenario if the $100 level holds. However, if this level is breached, be prepared for a further dip, possibly down toward $80, where the market may stabilize with a deeper and slightly different ABC correction, reaching the previous wave four level from April of this year. In either case, I believe Nvidia is still trapped in consolidation and may not resume its uptrend just yet. GH
NASDAQ:NVDA
by ew-forecast