NVDA ANALYSIS NVDA has gained support at the monthly level of $123.54, indicating a potential pullback from this level. On the weekly chart, support was lost at $139.50, while the daily chart shows a loss of support at $135.07. NVDA appears to be undergoing a monthly pullback toward $123.54, with a possibility of testing the daily gained level at $121.77.
NVDA trade ideas
$NVDA - Potential head and shoulderNASDAQ:NVDA hits target 4 precisely and has since pulled back. It is currently trading around the support region.
There is a potential head and shoulders pattern forming with the neckline around the $132 to $130 area. A full measured move upon neckline breakdown is $117. The midway support is $126.
Bear in mind, just because a pattern is forming doesn't mean it will validate.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NVDA - Head and Shoulders // but still bullishWell, I imagine we’ve all seen this idea recently. Head and shoulders for the big dog.
I do get three touches on the orange trend line there…it’s a strong quarterly trend and if that head&shoulders fails to follow down through I expect price will stay above it for a rally into year’s end. Price might even follow my fantasy fractal.
The light blue boxes highlight the closest volume profiles. Closing price falls basically right in between the two. My bias is bullish though.
The upright purple goal posts represent the Aug 2023 to March 2024 up-tick. NVDA has continued to melt that up again from Aug 2024 thru Nov this year. I can’t help but think though that price will find a spring on the 100ema (the light blue squiggly) and continue up on it’s merry way.
Next week we see FOMC on the 18th. BoJ interest rate decision the next day to see if a carry trade affects things. I think our markets have already at least half baked in a 25bps rise though if Japan decides to pull the trigger...and the currencies aren't as far apart as they were last July either.
I remain cautious for Q1-Q2 on all equities but will ride the next 6 weeks while the 3mo US bond yield is still higher than the 2year. :)
Cheers and take care,
MR
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
NVDA - Flag officer is tiredTREND
Current wave structure: Uptrend.
Head on shoulders in the daily timeframe is a reversal indicator.
A potential breakout (on the shoulders) may form a bullish harmonic pattern that is pretty common in uptrend.
Moving Averages
Prices cannot get away from 20-day (Red) and 50-day (Orange) that is an indicator of tiredness.
A fast visit to 100-day (Turquoise) or between 200-day may take the tension of the prices.
SUMMARY
Based on this analysis, a price action to the support line is expected.
Meanwhile flag officer takes a rest, NASDAQ:TSLA will takeover the role during the absence.
NVDA: Short-Term Bullish SetupNVDA is holding strong above its key support at $131.97 📉(drawn green line), signaling potential for a bullish move 📈. A short call position here could be profitable, with a stop-loss at $131.30 to manage risk.
🔑 Key Levels to Watch:
🔵 $135.50 Retest: A breakout above this level confirms bullish momentum.
🎯 Target Range: $139 - $141.50 after a clean break of $135.50.
💡 Pro Tip: Stay disciplined with stop-losses and watch for sustained volume above the breakout level for the best entries.
Let’s ride the wave 🌊—smart risk management is the key to success! 💼📊
Cautious optimism to give way to December decline for NVDA
The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see:
Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology.
Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year.
Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand.
The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory.
With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NVIDIA Corp(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# NVIDIA Corp(Extended Hours)
- Double Formation
* 147.50 USD | Swing High | Subdivision 1
* Left, Head(Swing Low) & Right | Pattern Confirmation
- Triple Formation
* Retracement | Not Numbered | 50% At 123.00 USD
* Flat ABC | Continuation Bias | Subdivision 2
* 345 Template Area | Depiction Range | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Distribution Patter for the last few months in Nvidia!Selling started at the top and the price has stayed in range, making multiple attempts for break out.
GREEN TRAPZONE - clear uptrend confirmed with Angle 6 in place now.
RED UMVD - Distribution, i.e. Profit selling.
Most likely a spike above the range as this would be the 3rd attempt, before falling back towards the GREEN TrapZone. Hopefully GREEN UMVD will show up for the strength.
$NASDAQ:NVDA Triangle Patterns Trying to Breaking UpwardAs shown in the snapshot, NASDAQ:NVDA is forming a triangle pattern and is currently finding support in the $135–$138 range. The upcoming earnings report from NASDAQ:AVGO could provide a significant catalyst to push NVDA's price above the critical $142 resistance level. If a Santa rally happens, there is a strong likelihood that the share price could climb to $150.
NVIDIA - Potential unravelling on horizon The growing bearish weekly RSI divergence and depleting volume is making me think that Nvidia may finally be running out of steam (at least in the short-term).
I'd wager that now so many other stocks are performing well, investors are looking for assets with more room to grow. That's my two cents, I could very well be wrong.
Will check back in a few month's time and see how this one played out.
NVDA_1D_BuyNVDA Stock Analysis Classical pattern analysis style Mid-term and long-term time frames The main range of the number 140 is that this important number and strong probability will become support and the market will enter the rising wave and move towards the target of 170. The profit percentage is 20%
Great that $NVDA held above 133.91It is great that NASDAQ:NVDA held above 133.91 and rise for today. For days NASDAQ:NVDA has been beaten up and now per the diagram below if we break out of the areas of 140.30 tomorrow and 146.62. We will then see breakout to getting above ATH. The daily trend pattern that I've created for the next couple of days will need to see where "c" will form above or below direction.
Have to see other Semiconductor sectors of the following this week.
1) Thursday, Dec 13th after market close NASDAQ:AVGO will have earnings. In my opinion if the market sees their earnings results as positive in terms of direction and demand of Semiconductors then expects for this sector and NASDAQ:NVDA to either trend higher or drop down.
2) NASDAQ:SMH is now getting back to its range of 247.00. We need to see if this holds and break above its range of 248.39. If we see 248.39 then expect its next resistance of 252.17.
For those who are impatient with this stock. Be calm, wait and see this price movement break out of a direction and make sure you have months of time to see your trades play out. Stick to your price targets of risk/reward/stop out.
In my opinion this is a LEAP/buying shares long term play in order to wait out this support and resistance trend for over 1 month. Have to see if this years Santa rally and early Jan 2025 will see this stock at new levels or continue to break down below 129.00 and its many supports.
He wasn't dead, he was just catching his breath.After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level.
Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD.
Don't forget that NVDA is partnering with GOOGL on a groundbreaking quantum chip, a revolutionary development that is set to transform computation over the next decade.
NVDA Descending ChannelThe inverse H&S on NVDA didn't really play out. Never reclaimed $140 for more than a few minutes. Overall semis have been relatively weak this week. Still waiting for the bulls to step in on this thing as they usually do on all drops.
Might not be in the cards this time, but the market conditions support a recovery and if it can manage to breakout of this channel and reclaim $140 it has a lot of potential for another run to ATH. Downside target is still around $131.50 if it can't reclaim $140.