Nvidia Nvidia is currently in what’s undoubtedly a bubble-like parabolic rise, while already printing a weekly bearish divergence.
NVDA trade ideas
BEAR thesis updateI may have stumbled on something huge, based on these charts, I see CRYPTOCAP:BTC pullback, AMEX:SPY pullback with some certainty on support.
BUT
I am certain on NASDAQ:NVDA peaking, and believe me me myself need to sell.
NVDA might head tomorrow(?)Support and Resistance Levels:
Support: Key support levels are around $126.95 and lower around $120.
Resistance: Resistance is seen near $130, and if the stock can break above this level, it might test higher levels such as $141.
The MACD (Moving Average Convergence Divergence) at the bottom shows a bearish crossover with the MACD line crossing below the signal line. This suggests potential bearish momentum in the short term.
Volume Profile:
The volume profile shows significant activity around $126.95 to $130, indicating this range is important for traders. High volume nodes around these levels can act as support or resistance.
Potential Scenarios:
Bearish Scenario:
If NVDA fails to hold the $126.95 support level, it might continue to decline towards the next support around $120. Further downside could see it testing levels around $110, depending on market conditions and volume.
Bullish Scenario:
If NVDA can maintain above the $126.95 level and move past $130 with strong volume, it could potentially rally towards $141, the next significant resistance level. A break above this level could indicate a continuation of the bullish trend.
Conclusion:
Given the current indicators and price action, NVDA might lean towards a bearish outlook unless it can reclaim and sustain above the $130 level. Monitoring the support around $126.95 and the MACD indicator closely will provide better insight into the stock's direction tomorrow. If the stock shows signs of strength and increased buying volume, it could potentially reverse the bearish momentum.
$NVDA $90 , THEN $75 BY NOVEMBERHere is the 10D chart on NVDA from an example that lead to an approximate 40% decline. We are currently at the same point on the chart in modern day time. Proceed with Caution. Refer to next post.
The retracement cool down period.I believe we have temporarily topped here with some heavy sell pressure from the past two trading days.
A 50% retracement from the gap up is 118.16 and 50% retracement from the bull run that started 19 April is 108.19. MACD is almost crossing. After the retracement I expect a sideways pattern like we seen from 8 March to 22 May.
NVDIA (Y24.P2.E1).Wave 5 doneHi Traders,
I think its due for a major ABC corrective wave.
The reaction sort of confirms it. 10% pullback .
I'm expecting it to find support at the 0.618 and maybe look for an AB= CD correction
All the best.
S.SAri
NVDA correcting to demandI posted this chart on another venue recent but forgot to post it here. I expect QQQ to correct alongside big tech for the next few weeks. This looks to a 105-108$ NVDA price, some of my experienced colleagues also call for 95$, but I expect the NVDA hype to pull buyers in a little sooner.
My Strategy:
-Since the stock split, I can now add LEAP long calls
-I will buy these on the dip and start selling covered-calls against them on green days 4% or more.
-I will exercise these contracts to purchase the shares at 80-90$ depending on the strike I go with next year or 2026
NVDA in monthly chart Hello
All you know that this symbol has become the most iconic instrument in the US stock market surprising all of us week by week. It is not impossible that two last movements were waves (I,II) and I,II of extensions. Technically there is not a reliable evidence that shows us a tiered trend for NVDA and it seems that we are in a long-term rally for this share. There might be corrections where you ca find proper opportunities to get in.
Thanks
NVIDIA taking the reigns #NVIDIA @1Month
Ratio wise, there are two upcoming S/R Gateways at $182 & $256 est. (future liquidity pools). The current structure status is that it’s climbing at a stable pace.
I suspect a correction is in order at this level as early buyers are in profit and are mentally feeling anxious from the fear of the unknown. Specifically with BTC prancing around with an element of surprise at this time.
A healthy correction to the $90’s +/- price zone will give retail an opportunity for a dip to restock.
There is no point to drive the price up too quickly IMO, retail will take their time to accumulate and ONLY then continue onwards to the gateways mentioned above.
Stock and Crypto market appetites are merging. What’s another 1.5x? Not a fantasy.
twitter.com
$NVDA 70% off the Top Sounds About RIghtAfter a sustained rally away from demand price will typically return to the origin of the move.
Like GOOG before it, price will drop somewhere between 61.8 and 70% for a deep discount on this stock before its next rally.
Large investment firms, Hedge funds and Market Manipulators currently occupying this space know what's coming and are selling calls to all the retail Bag HODL'rs community to protect their long positions in equity.
The CCI is flagging a dangerous High probability short according to my indicator and down below we have two major targets that may be reached before the end of the year.
These targets are untested demand down at 80 bucks and 40 bucks respectively.
Good luck and don't say I didn't warn you..
Life changing money to be made here on a good short.
Natural Gas & Trading Indicator!Nat gas closed the week negative.
We have now had 2 consecutive weeks of sell side pressure.
Next week we will get the golden cross on the daily chart.
Typically this is a medium to long term signal.
Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.
Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
NVIDIA to the moon ? It’s a profit taking zone for me !
NVIDIA from 150 to 30 something bad needs to happen with the market
For the moment everyone is bullish on NVIDIA but take this channel in to consideration
NVDA: Pullback Ahead?Hourly Chart: Key Support and Previous Top
The hourly chart for NVDA emphasizes the significance of the support level at 125.59. This level was a previous top, and now it is acting as a support, following the Principle of Polarity in Technical Analysis. The chart shows that the previous top, which is now support, has been tested a few times, reinforcing its critical role.
Daily Chart: Bearish Engulfing Pattern
On the daily chart, a bearish engulfing pattern is evident, signaling a potential correction of the uptrend. This pattern forms when a smaller white candlestick is completely engulfed by a larger black candlestick, indicating a shift in market sentiment from bullish to bearish. This pattern is often a precursor to further downside movement. The red line marks the 38.2% Fibonacci retracement level at 115.82, which was a previous resistance seen on the 1H chart as well, serves as an additional support level.
Conclusion
The NVDA charts provide a mixed outlook. The double support at 115.89 on the hourly/daily charts is critical, while the bearish engulfing pattern on the daily chart suggests a potential pullback ahead. For now, we should keep a close eye on the 125.59 support level. A hold above this level could indicate a buying opportunity, while a break below could signal further downside to the 115 area.
Keep in mind that the trend is still bullish and pullbacks would be buying opportunities as the price approaches its support levels, when the R/R ratio is optimized.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
NVD4 4 Bubble ?Hell0 !A t4rget 0f 2OO d0ll4rs th1s ye4r if r4tes c0nt1nue the1r d0wnw4rd trend 4t the end 0f the ye4r %
NVDA dip or correction?
Let's consider the conditions for both scenarios:
1. The Dip and the Continuation of the Trend Scenario
- MACD lines do not cross over. The MACD histogram is starting to rise.
- The force index is rising again.
- The bulls are looking for a bounce from the first line of defense, around the low of the day at $124.40. This is exactly what is happening so far today.
2. The Correction Scenario
- The first line of defence is breached.
- The second line of defence is breached.
- MACD lines cross over, and the MACD histogram falls below 0.
- The force index falls below 0.
What do you think? Please comment below with Scenario 1 or 2.
