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NVDA trade ideas

Nvidia's Symmetrical Triangle: Preparing for the Next Big MoveNvidia's share price has taken a breather over recent months, forming a symmetrical triangle pattern. This technical setup often signals a potential breakout—let’s delve into what this could mean for the stock and explore some strategies for trading it. Financial Performance: Strong Fundamentals Amidst Consolidation While Nvidia's share price has been consolidating, its financial performance remains impressive. In Q2 2024, Nvidia reported $30 billion in revenue, reflecting a 122% year-over-year increase, with net income reaching $16.6 billion. These numbers highlight Nvidia’s leading position in the AI, data centre, and gaming sectors, driven by its critical role in advanced technology applications. Despite these solid figures, Nvidia’s share price has faced some selling pressure. This is due to tempered investor expectations and production delays for its next-generation Blackwell AI chips. The company’s revenue guidance of $32.5 billion for the next quarter, though slightly above estimates, was not enough to stave off a pullback. Nvidia’s high valuation, with a forward PE ratio of 33.3 and an EV/EBITDA ratio of 47.32, has also added to investor caution. However, Nvidia's long-term growth outlook remains strong, bolstered by a 61.87% operating margin and a 60% forecasted EPS growth for the upcoming year. Technical Analysis: The Symmetrical Triangle Pattern Nvidia’s price action on the daily candle chart during the last three months has shown a series of higher swing lows and lower swing highs, forming a symmetrical triangle consolidation pattern. This pattern reflects a market in equilibrium, where both bullish and bearish forces are evenly matched. The convergence of these trendlines—the rising support and falling resistance—indicates that neither side is in full control, resulting in a narrowing trading range. While a symmetrical triangle suggests balance between buyers and sellers, it also signals price compression. As the range tightens, volatility diminishes, creating a buildup of potential energy. This compression is often a precursor to a significant breakout, as the market eventually resolves this tension. The breakout can occur in either direction, but once it does, it’s usually sharp and decisive. The key takeaway is that the longer the consolidation persists, the more substantial the breakout is likely to be when the market finally moves. Traders and investors should closely monitor Nvidia's price action as the apex of the triangle nears, preparing for a breakout that could define the next phase of Nvidia’s trend. NVDA Daily Candle Chart Past performance is not a reliable indicator of future results NVDA Weekly Candle Chart Past performance is not a reliable indicator of future results Trading Strategies: Approaching the Breakout Whilst the symmetrical triangle pattern itself can resolve in either direction, probabilities favour alignment with Nvidia’s long-term uptrend. Here are three strategies to consider: 1. Bullish Reversal Strategy: Some traders might watch out for a potential bullish reversal near the lower boundary of the triangle. If Nvidia’s share price pulls back to this support level and shows signs of bouncing—such as a bullish candlestick pattern or increased volume—it could suggest a possible trading opportunity. 2. Momentum-Based Strategy: Alternatively, traders can wait for a decisive breakout above the upper boundary of the triangle. A breakout with strong volume might suggest the start of a new trend leg higher, though this is not guaranteed. 3. Counter-Trend Downside Breakout: If Nvidia break below the lower boundary of the triangle with heavy volume, it could signal the start of a prolonged pullback. In this case, traders may consider short positions, using the breakdown as confirmation. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:NVDA
by Capitalcom
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄 Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here. Let's see if we can get it right again!
NASDAQ:NVDALong
by freeguy_by_wmc
Nvidia made a sudden turn, showing us a very important key zone! The price has shown a turn exactly in our GAP area, and this is where it gets interesting because this turn gave much more validation to our GAP area by bouncing precisely off of it. From here on, the bearish sequence has, for the first time, been incomplete due to the swing-turn that occurred before reaching support on our point #4. The question is: is this the moment when the price will break the resistance of our channel? Time will tell, but for now, we've identified a new zone where there is greater buying pressure, and it's exactly the same zone we've been studying for several weeks. If you've been following this analysis for weeks or months, you'll notice that everything is unfolding according to our price action and institutional analysis. From here on, we just need to wait for the breakout, and remember, this time it could be different since we're in very important months where the elections heavily influence price behavior. Best regards, and thank you for supporting my analysis.
NASDAQ:NVDALong
by RocketMike111
4
Nvidia Has Strong Fundamentals but is that Enough?One Of the Biggest Success stories of 2023... NASDAQ:NVDA Truly Gained traction under the insane Artificial Intelligence Growth and alongside the hype train that skyrocketed most Semiconductor Stocks. The Balance sheet is a undeniable strength with more then 3 assets to 1 Liability, with good cash able to cover debt based on the balance sheet. Nvidia has very strong Fundamentals is that enough to justify the PE Ratio being at 55.94x ? and a Price to Sales Ratio of 30.3 ? and its price to books ratio at 50.2 , using these valuation methods Nvidia comes up as a expensive based on its current price to me personally. The RSI Is also pretty high at 53 . I am definitely interested in seeing how Nvidia plays out in the long-term. Share price has been aided by very high revenue growth beating all forecasts by analysts in recent Quarters. Nvidia Benefits from high profit margins, however is that enough to justify the high share price? as for management and there use of the cash we can see that Net margins are 55.0%, ROE of 91.1%, ROA of 60.9%, ROCE of 83.6%. --------------------------------------------------------------- Business Revenue Sources: 84.8% of the revenue is derived from "Compute & Networking" 15.2% of the revenue is derived from "Graphics" --------------------------------------------------------------- Balance Sheet: Cash: US34.80b DEBT: US8.46b Equity: US58.16b Total Liabilities: US27.07b Total Assets: US85.23b 14.5% -> Debt to Equity Ratio --------------------------------------------------------------- Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Nvidia) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may be different for each investor and trader. Please do not make opinions based on this or any idea. Please be careful! --------------------------------------------------------------- Idea:
NASDAQ:NVDAShort
by BullishCanadianInvestor
NVIDIA Wave Count on the 4-Hour Timeframe 🔥 The Uptrend is Approaching ✨ It appears that the stock has completed wave (3), followed by a corrective pattern 🔀 in the form of a triangle 🔼 currently forming to represent wave (4). The only remaining wave to complete this pattern is wave E 🤌. ✨ To confirm the end of wave (4) and the beginning of wave 1 within wave (5), the following conditions must be met: - Completion of all the ABCDE sub-waves of the triangle pattern. - A breakout above the key level related to wave E. Once these conditions are met, the uptrend is expected to continue. However, If Wave D falls short of the trendline, it could indicate that the market is losing momentum and the triangle pattern may be contracting more than expected. In short, while it’s ideal for Wave D to touch the trendline, minor deviations can still occur without completely invalidating the pattern, but they should be carefully monitored for potential changes in the overall wave structure.
NASDAQ:NVDALong
by chase_ID
The next target price for Nvidia after record opening USD764.21Yesterday Nvidia reported the Q4 2023 earnings report with flying color, beating not only top line and bottom-line estimates but also projected beating earning expectation for Q1 2024 and robust growth not only in 2024 but also 2025. Things are even more positive since there will be a new and better replacement chip for the H100, one of the top line AI chips. The current market capitalization is at USD1.67T and Nvidia company share will most likely increase to around USD1212.00 in next few months and will beat Apple the world largest market capitalization at USD3.0T. Nvidia currently looks like will beat Apple to be the world largest market capitalization company. If the Fed's FOMC news on fighting the inflation remains with 2 to 3 rate cuts this year even when the next 2 to 3 months CPI, PPI and PCE numbers are bad. Nvidia and S&P 500 index will continue to raise further creating more record high. Nvidia share price will most likely go beyond USD1212.00 if this happen but there will be some pull back or dip. Hence, traders and investors should buy the dip. If there is a strong headwind happening in these coming 6 months' time such as US-Iran war or recession or Fed's cutting rate too soon for inflation to go back higher, then most likely USD1212.00 will not happen. Keep breaking record high will not happen when this potential strong headwind appears in the market. Overall BUY Nvidia and keep for at least 2 years to 10 years. The Fundamentals for the coming 2 years will most likely be the same except appearance of Strong headwind which might not happen.
NASDAQ:NVDALong
by juntech8
3
NVIDIA Corporation _ Sep _W3 _ W4 _ Distribution _ Prices _ UndeNVIDIA Corporation _ Sep _W3 _ W4 _ Distribution _ Prices _ Under _ Trading _ Venue _ NASDAQ. Sep _ 1st Distribution: 1st Distribution: $124.06 $124.96 $129.90 $130.04 $134.36 __________ 2nd Distribution: $136.57 $137.05 $139.34 _______________________ Support confirmation over July period = $136.45 Follow by $137.05 , $139.34. Retest (drop) from here is depending on lower area performing currently, if market moves without correcting the lower retest then we will be expecting a drop to the key level of $111 range from $139. ___________________________________ Quarter 4 _ Early _ month _ 1st Distribution: $140.11 $149.13 $156.42
NASDAQ:NVDA
by Skill-Knowledge-Conduct
4
NVDA - Trading above key resistance - Will it hold?It's a great day! Quick update on our little friend NVDA. We fell below the KEY support level of $118 in late August, but we recently reclaimed that level yesterday. Now that we are here, we need to stay above that $118 level and with today being Friday, it's even more important that we stay above $118 at market close. Barring some resistance levels that still exist above us (compared to SPX and NDX where we've already reached those levels - more on that in the video commentary), I have placed a bullish price target at $146. From a bearish stance not discussed in the video, I have a target of about $84 if October ends up being bearish. At this point, the probability is to the upside but that can obviously change at a moments notice. Take your trades with precision and a plan. Have a plan when you're trading and stick with that plan. I tend to ask myself "Is this trade still valid?" or "Is the reason why I entered this trade still true?". These are the questions that will define you as a trader. Investing is a different animal. If you like the company, you should have added to your position below $100 because that was a gift (in your eyes). If you're a trader, the same should have been true, but the reasons for staying in the position are different for traders vs investors. More on that another day. Thanks for reading and please comment below if you have any questions!
NASDAQ:NVDALong
by bitdoctor