NVDA - I hate posting this chartNVDA finally giving a pullback , you can play puts carefully here, as you know, any tiny AI chip deal news can rocket this again.
Target #1 117
Target #2 112
Target #3 103, mostly unlikely
NVDA trade ideas
NVDA 8/9Technical Analysis (TA) Overview:
Trend & Price Action:
Current Price: The price is trading around $106.19 with resistance nearby at $109.22.
Descending Triangle Formation: The price action indicates a descending triangle pattern, with lower highs forming, suggesting possible bearish sentiment.
Volume Profile: The right side of the chart shows a volume profile, highlighting areas where most trading has occurred. The price is near a high-volume node, meaning it might face resistance or support here.
Support and Resistance Levels:
Support Levels:
$97.13: This is the nearest strong support level. A break below this could lead to further declines.
$90.73: This is another crucial support level, just above the recent low of $90.69. If the price drops to this level, it could be a potential buying opportunity if the level holds.
Resistance Levels:
$106.19: The current level is acting as resistance, and the price is struggling to move above it.
$109.22: Another resistance level that could act as a barrier if the price manages to break above $106.19.
Moving Averages:
The chart doesn’t seem to display moving averages directly, but they can be important:
Short-Term (e.g., 50 EMA): If you plot this, it might be converging towards the price, offering additional resistance.
Long-Term (e.g., 200 EMA): This would typically be much higher given the recent downtrend, acting as a more distant resistance level.
Volume Analysis:
Volume Levels: Volume is crucial in confirming breakouts or breakdowns. The current volume is moderate, which could suggest a lack of strong conviction in either direction.
Volume Profile: The volume profile shows that a significant amount of trading has occurred between $100-$109. This could mean that the price may hover within this range until a clear breakout or breakdown occurs.
MACD (Moving Average Convergence Divergence):
Current MACD: The MACD below the price chart shows the MACD line potentially crossing above the signal line, which might suggest a short-term bullish momentum. However, if the price fails to break resistance, this could reverse.
Potential Scenarios & Strategies:
Bearish Scenario (Continuation Downwards):
Entry: If the price fails to break above $106.19 and drops below $97.13, this could be an opportunity to buy lower, potentially around $90.73 or slightly above it.
Target: A drop towards the $90.73-$97.13 range could offer a better entry. If you’re looking for a deeper discount, watch for a break below $90.73, though this might indicate a more severe downtrend.
Stop-Loss: If buying at these lower levels, consider placing a stop-loss below the $90.69 low, around $89.50, to protect against further declines.
Bullish Scenario (Reversal Above $106.19):
Entry: If the price breaks above $106.19 with strong volume, this might indicate the start of a rally. Consider entering around $107-$109.
Target: If the breakout is strong, targets could be set at $115-$121.62, with the latter being a significant resistance level as per the volume profile.
Stop-Loss: Set a stop-loss below the breakout level, around $104, to protect against a false breakout.
Neutral/Sideways Scenario:
Strategy: If the price remains between $97.13 and $109.22, it might be best to wait for a clear breakout or breakdown before making a move. Accumulating slowly on dips closer to $97.13 could be considered if you believe in NVDA's long-term prospects.
Conclusion:
Possible Pullback: There is potential for the price to drop back towards the $97.13-$90.73 range, offering a better entry point. However, this will depend on broader market conditions and whether NVDA can maintain its current support levels.
Strategy: Wait for a decisive move below $97.13 if you’re aiming to buy lower. If the price breaks above $106.19 and shows strength, you may want to consider entering at a higher price but with a clearer trend direction.
Market Sentiment & Fundamentals: Given NVDA’s strong position in the AI and semiconductor markets, any positive news or developments could lead to a sharp reversal, so keep an eye on market sentiment and broader tech sector movements.
Retest of the Lows, Rocket Ride up from Here?Here we are. Just you, me, and a strange serious of price action events with NVDA...
So, how do we read this in the short-term future?
I always start with a Daily Chart (1D). MACD and RSI are overdue for a little pop towards the upside. After a retest of the lows, NVDA bounced off what we can now call Support at 97.
Our initial price targets still stand. In the short-term, 511. After that, the next leg up is 514.
Today, the market manipulators started to release the recovery news. Keep in mind, it's Ms. Market's job to ensure growth and stability in the market. Jobless claims were presumably "not as bad" as they previously stated. Right, okay.
Anyway, who cares? We're not trading feelings, we're trading options.
Moving forward, the market closes higher swinging into Friday as we use volatility as our friend to secure profits with expirations further out. I'd call this phase, "safe swinging".
Let's see how the market reacts EOW. Thanks for tuning in.
NVIDIA Back AgainPRESSR: Hewlett Packard Enterprise and NVIDIA announce ‘NVIDIA AI Computing by HPE’ to accelerate generative AI industrial revolution
Call it what you wantprobably nothing, still a common SHS Pattern, actually pretty clean but only on the 15min TF
NVDIA Is this -35% correction enough to be a buy opportunity?NVIDIA Corporation (NVDA) completed a -35% decline from its top on Monday's Low and after a short rebound, it's consolidating. Even though this is the strongest correction it had since the late 2022 market bottom and it almost touched the bottom of the long-term Channel Up that started in October 2022, there might be room for some more downside before the next long-term Bullish Leg.
It is important also to note that the 1D MA200 (orange trend-line) is still intact as the 20-month Support and the 1D RSI broke the 35.00 level (almost oversold) on Monday. All the above suggest that NVDIA hit a new long-term buy level/ Support.
The Bullish Divergence though on its 1D RSI (Higher Lows against the price's Lower Lows) may indicate the opposite than it normally does. The reason is purely on NVDIA's last such pattern, which basically led to the October 13 2022 bottom.
As you can see, that correction continued the price's Lower Lows despite the ongoing RSI Higher Lows, until it completed a -44% correction. That suggest that there might be room for another -9% decline before the stock breaks above its 1D MA50 (blue trend-line) and starts the new Bullish Leg for good. Of course if it breaks above it earlier, then this pattern projection is invalidated.
As a result, it is recommended to buy the current bottom so that we won't miss on a potential upside by breaking above the 1D MA50 earlier but at the same time reserve some cash for the possibility of a -44% decline around the $80.00 level. In both cases, we will set a $190.00 Target (horizon before end 2024), which is a 2.0 Fibonacci extension from the current bottom.
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NVIDIA Monthly | RSI, Elliott Wave & More (Bear-Market?) NVDA iNVDA is showing multiple "top signals"... That is, an All-Time High has been hit.
The last time NVDA peaked a year long bear-market followed.
➖ Elliott Waves
Here we have a full 5-up waves pattern.
A classic ABC correction tends to follow this pattern.
➖ RSI | Bearish Divergence
This is a classic, and this signal here is super strong because it is based on the monthly timeframe.
Notice the higher highs...
Notice the lower highs...
This is a seven and a half (7.5) years long bearish divergence: NVDA vs its RSI.
➖ Rising Wedge
The most important fact to consider here is the timeframe; monthly.
This rising wedge is already breaking bearish.
➖ Rounded Top
This is a classic pattern and clearly depicts the situation in which this stock finds itself.
NVDA is trading below 0.236 Fib. retracement as well as below the open/close of the two previous sessions. This is a bearish confirmation.
Conclusion
These are all bearish signals pointing toward a major correction in the coming months.
Namaste.
Chart Pattern Analysis Of NVDA
K3 failed to close below the lower limit of the downtrend channel,
the supply pressure decreased.
It seems that the following candles will consolidate here for days.
After that,
It is very likely that the downtrend will regain its strength.
While the following candles fall to test the lower price area of K1 or uptrend line,
It is a potential good place to decrease short positions or even buy it there.
Short-105.8/Stop-109.3/Target-81
Buy-96.3/Stop-93.3/Target-103.5
NVDA Stocks to avoid..!If ever there was a stock that has a high likelihood of doing a Bitcoin its this one...
Parabolic moves are rarely sustainable, and the corrections are usually deep and fast..
Look at Bitcoin a years ago and you will see the exact same pattern
Stay clear if you don't like roller coasters...
BUYING NVIDIAIn the middle of the black Monday here is good opportunity to invest on Nvidia, which has been bearish 40% and gettin more than expecting results.
NVDA Long small 121.50Stoch on bottom vol bad can come back retest the 50 day ma
or stop under the 50 day ma
$NVDA To $60 Using Elliot WaveTech Stocks are strong but the charts do not lie. Tech stocks cannot go up forever according to my data WWE will see $60 soon.
$NVDA top in. Bottom between $25-40As you can see from the chart, NASDAQ:NVDA formed a double top at the highs and has started it's bear market.
I think from here we're going to see a move down that goes lower than what most people expect will happen.
I've seen a lot of people sharing that they want to bid the $72 region, which would make sense if this was a normal correction, however, I think this is a larger market wide panic and that price will go lower than what most people expect.
I think price is likely to hit the target in the bottom box by the end of 2025.
Let's see what happens over the coming months.
NVDA Gap Fill RejectionNVDA went all the way back up to fill it's gap near $106 today after the large drop below $100. That was an excellent short opportunity, it's easy to say in hindsight, but this is something I have been watching. After that rejection near 106 and SMCI earnings, NVDA looks primed to head back to the April low it made earlier in the year around $75 and really start the collapse if that breaks.
Developing Success With PineScript : Building Trigger MechanismsIn my ongoing quest to build better tools for traders, I continue to develop new quantitative trigger logic to improve the working versions I have already created.
Trigger logic is complicated for most people because they fail to take the time to "focus on failure."
Everyone builds trading systems focused on where the triggers work perfectly (trust me - I've seen/built a few hundred of them).
But the most important thing to focus on is where it fails to generate a decent trigger and how you are going to filter it out or protect capital when that failed trigger hits.
In this example, I highlight my new "Gun-Slinger" triggers and how my continued development is creating more advanced trading tools for skilled traders.
I hope you enjoy it.
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