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NVIDIA CORP

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NVDA trade ideas

NVDA: Breakout Imminent or More Consolidation?Trading Plan and Technical Analysis for NVDA Price Action Overview: NVDA is currently trading around $135.98, showing signs of recovery after bouncing off a key low at $131.80. The stock is attempting to break out of a descending channel pattern, with a short-term breakout above the $136.00-$137.00 resistance zone. The MACD indicates growing bullish momentum, while volume has picked up in the last trading session, signaling increased interest. Liquidity Zones and Order Blocks: * Liquidity Zone 1 (Support): $131.80-$133.50 - Buyers have historically stepped in at this level, marking it as a potential accumulation zone. * Liquidity Zone 2 (Resistance): $136.00-$138.50 - Sellers have consistently defended this area; breaking above it could trigger further buying. Key Support and Resistance Levels: * Support Levels: * $135.00 - Psychological support and intraday pivot. * $131.80 - Recent swing low and critical support. * Resistance Levels: * $137.00 - Immediate overhead resistance. * $139.50 - A breakout target on bullish continuation. Scalping Gameplan: * Bullish Setup: * Enter long above $137.00, targeting $138.50 and $139.50. * Stop-loss: Below $136.50. * Trigger: Look for a strong 5-minute or 15-minute candle close above resistance with volume confirmation. * Bearish Setup: * Enter short below $135.00, targeting $133.50 and $132.00. * Stop-loss: Above $135.50. * Trigger: A rejection at $136.00 followed by a break below $135.00 on high volume. Swing Trading Playbook: * Bullish Case: * Enter on a confirmed breakout above $137.00, with a swing target at $142.00. * Stop-loss: Below $135.00 to limit downside risk. * Indicators to Watch: MACD bullish crossover and rising RSI above 50. * Bearish Case: * Enter short if price fails to hold above $135.00 and closes below $131.80. * Swing target: $128.00. * Stop-loss: Above $136.00. Thoughts and Suggestions: NVDA is at a critical juncture, attempting to break out of its descending trendline. A strong breakout above $137.00 could trigger a bullish rally, but traders should remain cautious of rejection at key resistance levels. Scalpers should closely monitor volume at the breakout point for confirmation. Swing traders may want to wait for a decisive close above resistance or below support for a clearer directional bias. Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and consider consulting a financial professional before making trading decisions.
NASDAQ:NVDA
by BullBearInsights
NVIDIA (NVDA) - Daily ChartA breakout to new highs presents an excellent opportunity. This is one of my fundamental approaches to chart analysis. Why is that? In the market, there are both buyers and sellers. When the battle between buyers and sellers is evenly matched, the market enters a range-bound phase. A breakout to new highs signals that this balance of power has shifted decisively in favor of the buyers. Here’s why: until the breakout, both buyers and sellers could have been in profit or loss. However, the moment the price breaks to a new high, all buyers are in profit, while all sellers are in the red. Now, let’s consider the scenarios where the trend continues after the breakout versus when it struggles. What do you think? In my view, the support-resistance flip is crucial after a breakout. A support-resistance flip means that the previous high, which acted as resistance before the breakout, becomes a support level after the breakout. If this new support level holds and functions effectively, the support-resistance flip is successful, making it easier for the trend to continue. On the other hand, if the flip fails, it suggests that buying momentum has weakened, making a market reversal more likely and the trend continuation more difficult. So, what will happen with this stock? Let’s keep an eye on it and watch how it unfolds!
GETTEX:NVD
by masao_shindo
NVIDIA Technical Analysis : $153 in Nov'24NVIDIA is currently trading near $143.25 at Monthly R2 Pivot Point. It tried to break the R2 three times in this month, Oct 21st, 22nd and today 25th. It is very likely that it will continue going up in coming days. RSI MA Cross has not given a signal on either direction since Oct 2 2024. There are two scenarios based on Monthly Pivot Points: 1) If the price breaks R2, then expect it to pullback near next month's Monthly M3, and then go higher to next month's R1 ($153) Pivot Point. 2) The second scenario suggest deeper pullback to next month's Monthly Central Pivot Point ($134) and then continue going higher to R1 ($153). Please note that next month's pivot point might change based on the price action today and four days of next week before the month ends. I don't see any changes in NVIDIA's fundamental outlook in near future, so it may touch $153 sometimes in November.
NASDAQ:NVDALong
by spranav
NVDA: Will the Descending Wedge Trigger a Breakout? Nov. 27, 202NVDA is trading at $136.28, consolidating within a descending wedge pattern, a formation that often signals a potential bullish reversal. With key support holding strong at $135, traders are eyeing this stock for its next major move. Let’s break down the analysis and outline actionable strategies for both short- and long-term traders. Market Structure and Price Action * Current Price Action:
NVDA has been trending downward but is now nearing the apex of its descending wedge. This suggests reduced selling pressure, potentially signaling an imminent breakout or breakdown. * Volume Analysis:
The declining volume during the wedge's formation indicates a contraction phase, which often precedes a volatile breakout. Key Levels to Watch * Support Levels: * $135: Immediate support, where buyers have repeatedly stepped in. * $127.50: Critical secondary support. A breach below this level would confirm bearish sentiment. * Resistance Levels: * $139.30: Immediate resistance within the wedge. * $142.50: A breakout target and key area to watch for confirmation of bullish continuation. Potential Setups * Bullish Setup: * A breakout above $139.30, coupled with strong volume, could push NVDA toward $145 and beyond. * Swing traders may target $150, while day traders can monitor intraday pullbacks for entries above $139. * Bearish Setup: * A break below $135 with heavy selling pressure opens the door to a move toward $127.50. * Short opportunities exist below $135, targeting incremental levels like $130 and $127. * Range-Bound Strategy: * Until a breakout or breakdown occurs, NVDA remains range-bound between $135 and $139. Scalpers and intraday traders can exploit this range for quick gains. Indicators in Focus * MACD: Bearish crossover suggests downward momentum in the short term. However, the MACD line is flattening, indicating potential consolidation before a directional move. * Trendlines: The descending wedge resistance and support are converging, reinforcing the likelihood of a breakout or breakdown soon. Market Sentiment * Retail traders are optimistic about a potential breakout, seeing the descending wedge as a bullish opportunity. * Institutional investors are likely waiting for confirmation of a breakout above $139. Outlook * Bullish Case: A breakout above $139 could lead to a strong rally toward $145 and possibly $150 if broader tech sentiment remains positive. * Bearish Case: A breach below $135 may result in a retest of $127.50, with downside risks tied to macroeconomic headwinds or tech sector weakness. Final Thoughts NVIDIA is at a technical crossroads. With the descending wedge nearing completion, traders should monitor volume and price action at key levels. Patience will be rewarded with either a breakout opportunity for bulls or a breakdown setup for bears. Watch $139 for a bullish trigger and $135 for bearish confirmation. Disclaimer This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional before trading.
NASDAQ:NVDA
by BullBearInsights
NVIDIA $NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024 BUY/LONG ZONE (GREEN): $148.75 - $165.00 DO NOT TRADE/DNT ZONE (WHITE): $138.00 - $148.75 SELL/SHORT ZONE (RED): $118.25 - $138.00 Weekly: Bullish Daily: Bullish 4H: Bullish NASDAQ:NVDA reports earnings today, these are the areas that I will look for significant price movement at. The market is anticipating around an 8.5% move, roughly an $11.50 move in either direction, based on ATM option prices, or an 11%-12% move, roughly $16.50 move in either direction, based on volatility calculations. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts,
NASDAQ:NVDA
by TonyAiello