NVDA to correct back to 122NVDA's chart needs to rebuild even if still more bullish legs to come - Most likely pulling back to 122 - we will reassess if a long trade is prudent depending if and how we get to 122 area
NVDA trade ideas
NVDA near longer term predictionNVDA near longer term prediction. This analysis is for informational purposes only.
Nividia - almost time to short!We have about 2 weeks to go until the market jumps up, and then dives down. This will give us an approximal double top in Nividia.
The FED minutes (beginning of July) and the FOMC rate meeting (end of July) will provide a whipsaw not unlike what happened with March 2020 pandemic. See my AMEX:SILJ and NYSE:NEM threads about the repeating fractal I found that shows another week down, two weeks up, and a crash.
After the crash the FED is going to lower rates considerably, so feel free to load up on Nividia 2 and 3 month OTM calls. Find them for $5 and flip them for 20x imo. This will be the last market rally then it will fall precipitously next year after the election.
If Biden wins we get CBDC's, if Trump or RFK Jr. wins we get a gold standard.
Nvidia's Circle-b Wave StatusThere's an old analytical adage that goes..." nothing confirms price action like confirmation ". Not too helpful in the short term trading sense, but in the larger picture perspective it sure makes a lot of sense. I can make a case based on where price came into the Fibonacci Retracement zone of the .786% for corrective action that got smacked down... has topped...
...however, in a B wave, confirmation only comes with a break of the circle a-wave low down in the $117 area. Its a good start but since this chart is sooooo bullish, wait for confirmation. A break of $117 brings $1.04-109 into view MINIMUM.
Best to all,
Chris
NVDA: Buy ideaOn NVDA we have the breakout of Belkhayate Iceberg and this means that we would have a high probability of seeing the market rise...
NVDA may turning hereNice cup and handle forms as well as MACD crosses up. Possibly push up previous highs then break up all time high
NVIDIA15 minute chart.
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Pretty much the same as previous numbers! It is clear it will not be able to support Quarter 2, meaning we will be expecting a descending after the final distribution price.
Expect the following before Descending!
$130.93
$136.16
$136.64
Distribution Price: $140.14
NVDA Support TestNVDA broke below its ascending wedge and has a bearish look along with many other tech stocks for once today. I think this is a critical spot for NVDA, I'd say we should expect a bounce for now, but if it doesn't it'll likely lead to an even bigger move down, maybe all the way back to where this wedge started.
NVIDIAPrice is facing triple top resistance now. Sustaining the current level will give good move.
Buy above 128.25 with the stop loss of 126 for the targets 130, 132, 134.25 and 136.
Sell below 125 with the stop loss of 127 for the targets 123, 121 and 119.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NVDA 8 %it was in sell position .. now I'm wetting the price to be up than this line ..then i will go for All in
NVDA: Spring effectBuy idea on NVDA as you can see on the chart because we have a spring effect on Belkhayate vwap and also if we have the breakout with force the resistance line by a big green candle follow by a large green volume.
NVDA short: Fibo retracement levelI had recently made a call to short NVDA (on a weekend). These few days NVDA only went up, straight up. Now that price has reached around 0.786 retracement at $135.91, I think it is a good time to enter short. Keep your risk tight!
NVDA Ascending WedgeNVDA has been heading back towards ATH after a brief period of downside/chop. Now it has a pretty steep ascending wedge. I wouldn't bet on it breaking down, but if the reaction to CPI is bearish and NVDA breaks below this wedge it could be a great short. I just wouldn't use big size on NVDA and I might look to play a different semi, NVDA will pull those around.
If bullish tomorrow, it's probably just gonna break ATH soon and keep on rolling.
$180 price prediction The pink is my thesis. 2nd leg as long as the first. Price target could happen within 2 months. The white lines are key levels one can enter on for longs and shorts. Since it is overbought one can expect some pullbacks on the way up, specifically the $140 area. I'm bullish above $120. Will consider repositioning for the short term if this level is compromised.
Broke out of pennantOld idea was invalidated. The pennant broke out to the upside. NVDA is going to test highs. PT is $135.
