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NVDA trade ideas

NVIDIA Waiting for the big day !!!! Although we closed last week with a candlestick pattern called an 'Inside Candle,' the following candle was green, but it didn’t exceed the last high (see slanted yellow arrow). Nvidia is stronger than ever, but that doesn’t mean the price won’t take a pause or make a small pullback before its report; rather, the price is likely entering an accumulation phase, as everyone expects Nvidia’s upcoming quarterly report to show excellent earnings results. So my forecast for Nvidia is that it will fluctuate between my point of interest as resistance and the yellow order block as support, but the most important moment here will be its earnings report day—that’s when the price will make a decision and direction. Thank you for supporting my analysis. TRADE SAFE Best regards!"
NASDAQ:NVDALong
by RocketMike111
A Beginner’s Guide to Spotting High-Growth Stocks Like NvidiaWhen it comes to choosing stocks with explosive growth potential, understanding the core fundamentals and market trends of a company can make all the difference. For beginner investors, navigating the financial markets can be overwhelming, but focusing on companies with solid growth indicators, like NASDAQ:NVDA , can offer an edge. Known for its leadership in AI and advanced processing technology, Nvidia exemplifies how a strong market position and innovation pipeline can lead to robust growth. This guide will walk you through the fundamental and technical indicators to look for in a potential high-growth stock, using Nvidia as a prime example to illustrate these points. 1. Understanding Market Conditions and Sector Trends The Importance of Sector Trends Before investing in a single stock, it’s essential to understand the broader market context and sector-specific trends. Nvidia operates within the technology sector, particularly focusing on AI and semiconductor products, which have seen immense demand and interest from institutional investors. Market Trend Insight : Nvidia’s strength lies in its position within a technology sector that has consistently outperformed other sectors due to increased demand for AI applications and high-performance computing. This sector alignment often signals growth, as companies like Nvidia benefit from broader technological advancements. Why This Matters : Investing in high-performing sectors can enhance your portfolio’s growth potential, as companies within these sectors are often on the cutting edge of innovation. 2. Key Financial Indicators for Growth Potential Evaluating Revenue and Earnings Growth A company’s financial performance can tell you a lot about its growth potential. Nvidia’s EPS (earnings per share) has shown substantial year-over-year growth, driven by rising demand for its processors in data centers, gaming, and AI applications. EPS Rank and Institutional Interest : Nvidia holds a strong EPS Rank of 99, suggesting it outperforms 99% of the market in earnings growth. Stocks with high EPS rankings attract institutional investors, which provides a strong support base and can create upward momentum for the stock price. Sales and Profit Margins : Nvidia’s revenues increased from $27 billion in 2022 to over $61 billion in 2024. With a pre-tax margin of 62% in 2024, Nvidia is a solid example of high profitability, which can be a strong indicator of future price growth. Projection : Over the next four months, Nvidia’s upward trajectory is likely to continue as demand for AI-related technologies grows. This, combined with high institutional interest, could push Nvidia’s stock price to new highs, making it a favorable pick for growth-focused investors. 3. Technical Indicators That Signal Momentum Using Relative Strength and Moving Averages Technical analysis is essential for understanding a stock’s momentum. Nvidia’s Relative Strength (RS) Rating of 98 suggests it has been consistently outperforming the market. Additionally, Nvidia is trading above both its 50-day and 200-day moving averages, indicating it’s in a bullish trend. Accumulation/Distribution Rating : Nvidia’s positive Accumulation/Distribution (Acc/Dist) Rating signifies that more investors are buying than selling, a bullish indicator that hints at increased institutional interest. Key Insight for Beginners : When a stock stays above its key moving averages, as Nvidia does, it generally suggests that the stock is in a bullish phase. Watching these levels can help investors identify ideal entry points in anticipation of future gains. 4. Understanding Nvidia’s Competitive Advantage in Technology Why Innovation Matters Nvidia’s success story is anchored in its innovative product portfolio. From high-performance GPUs (Graphics Processing Units) used in gaming and AI to its advancements in autonomous vehicles, Nvidia is a leader in multiple high-growth tech segments. Product Demand and Market Potential : Nvidia’s technology is at the heart of AI research, making its products indispensable for data centers, AI model training, and complex computing tasks. As the AI industry grows, so does Nvidia’s market share and relevance. Growth Potential : As AI becomes increasingly integrated into various sectors, Nvidia’s role will expand, solidifying its place as a long-term growth stock. New investors can find value in Nvidia’s broad market applications, as the demand for AI technology continues to surge. 5. Practical Steps for Beginners: Building a Strategy Investing in growth stocks like Nvidia requires a disciplined approach. Here are steps beginners can take to maximize their chances of success: Set Price Targets and Define Your Time Horizon : By establishing clear price targets and knowing when you want to exit, you create a plan that reduces emotional trading and maintains focus on your goals. Use Stop-Loss Orders for Protection : Stocks with high volatility, like Nvidia, can experience rapid price changes. Setting stop-loss orders protects your investment by automatically selling the stock if it drops below a certain level. Focus on the Fundamentals : Keep an eye on Nvidia’s earnings reports and sector performance to ensure the company’s fundamentals remain strong. Consistently high EPS, strong sector alignment, and upward momentum are positive signs that you’re holding a stock with long-term potential. 6. Avoiding Common Pitfalls and Emotional Traps Tips for Managing Risk Avoid Chasing Overextended Stocks : Nvidia has been in a confirmed uptrend, but buying in during a peak could lead to losses if the stock corrects. Waiting for a minor pullback can offer a better entry point. Watch for Earnings Announcements : Nvidia’s quarterly earnings often lead to price volatility. Monitor earnings reports to gauge whether the company continues to meet growth expectations. Takeaway : Staying informed about market trends and understanding your risk tolerance will help you avoid impulsive decisions, a common mistake for beginner investors. Following a disciplined approach can improve your ability to manage risk effectively. Conclusion: Nvidia’s Growth Story and What It Means for You NASDAQ:NVDA stands as a prime example of a high-growth stock with strong fundamentals, innovative products, and an aligned market trend. For beginners, Nvidia offers an opportunity to learn how to identify a high-potential stock by focusing on both technical and fundamental indicators. The company’s success in AI and technology sectors provides a clear roadmap for identifying future investment opportunities. By focusing on companies like Nvidia, with consistent earnings growth, high RS and EPS rankings, and strong institutional support, beginners can create a solid foundation for a growth-focused portfolio. Remember, successful investing is not about timing the market perfectly; it’s about making well-researched decisions and staying committed to a sound investment strategy. This comprehensive guide on Nvidia not only highlights its current strengths but also provides practical tips for spotting other high-growth stocks. By following these insights, beginner investors can start making informed choices and potentially enjoy the rewards of strategic investing.
NASDAQ:NVDALong
by TradeVizion
$NVDA - Chip-up or taking a breather before another run?NASDAQ:NVDA has been in a long and wide consolidation, rectangle if you like, and has recently shown signs of a determined move up with breahces of the upper channel line. It showed a similar move back around June and july, but was at both instances pushed down by big, red candles. It has gained momentum, both in terms of EMAs and various indicators. If the break of resistance holds, and price keeps moving up, we might be in for a good run. Should (recent) history repeat, we might be looking at $100 once again. Keep in mind, the last visit to this level is only a couple months ago. Personally I am currently short Nvidia (yes, a dangerous place to be..), however I see both directions happening. So my point is look for signs of a break of the high of $144, or a rejection by way of significant red candles and a weakening of volume, RSI, MACD or other indicators you prefer.
NASDAQ:NVDA
by WeRideAtDawn
We can extend into the Target Box, But below $128.73 = $95 BucksNvidia has arrived in the target box for our intermediate (B) wave high. Can we extend in the target box? Yes. However, two things are top of mind to this analyst. 1) The earnings catalyst mid-November is a "keep hope alive event". Therefore, I do not see big trader commitments prior to that. If we go up further into the target box...it will be an overlapping grinding pattern. I see the earnings catalyst as positive fundamentally, but a technical sell event. 2) If price breaches $128.74...that should yield us $95. If this is how the price action plays out...then at $95, you would do well consider NVDA longs. Best to all, Chris
NASDAQ:NVDA
by maikisch
5
BIG POST! | How To Beat SP500? S&P 500 Performance: +35% since 2022. My Selected Portfolio Performance: +62%, with an 82% hit rate. Top Performing Stocks: NVDA (+735%), ANET (+343%), META (+209%), and more. Technical Analysis Tools Used: Price action, trendlines, Fibonacci levels, round numbers, and more. It’s been nearly three years since I posted my analysis of S&P 500 stocks on February 23, 2022. Back then, I reviewed all 500 stocks, applied some quick technical analysis, and identified 75 stocks that stood out for me. Importantly, I relied solely on technical analysis to make my picks. Fast forward to today, and the results speak for themselves. Most of these selections have significantly outperformed the broader market, proving the power and importance of technical analysis. While many investors rely solely on fundamentals, technical analysis brings a dynamic edge that’s often underestimated. By focusing on price action and market behavior, technical analysis allows us to spot opportunities that others might miss, especially it gives a massive psychological edge while the markets are making corrections. The market doesn't care what you know, the market cares what you do! Here’s what I used for my analysis: It's kind of pure price action - previous yearly highs, trendlines, a 50% retracement from the top, round numbers, Fibonacci levels, equal waves, and channel projections. For breakout trades, determined strong and waited for confirmation before pulling the trigger. The Results While the S&P 500 has gained around 35% over this period , my selected stocks from the same list have made +62%! Out of the 75 stocks I picked, 67 have hit my target zones and 54 are currently in the green. That’s an 82% hit rate, and for me, that’s a good number! Now, for those who favor fundamental analysis, don’t get me wrong, it has its place. But remember, fundamentals tell you what to buy, while technicals tell you when to buy - to be a perfect investor, you need them both. You could hold a fundamentally strong stock for years, waiting for it to catch up to its "true value," while a technical analyst might ride multiple trends and capture far superior returns during that same time. Also, the opposite can happen – you may see a great technical setup, but if the fundamental factors are against it, you could end up with your money stuck in a bad trade. To put these ideas in perspective, starting with a simulated portfolio of $76,000, where each stock had an equal investment of around $1,000–$1,100, the portfolio is now worth around $124,000. The results are based on buying at marked zones and holding until today. I calculated entries from the middle of the target zone, as it’s a more realistic and optimal approach compared to aiming for perfect lows (which, frankly, feels a bit scammy) to get much(!) higher returns. This method reflects real-world trading. Before we dive in, here are the current Top 5 stocks from My Picks: NVDA: +735% ANET: +343% TT: +227% META: +209% LEN: +164% These numbers demonstrate the effectiveness of a solid technical strategy. Many say it's tough to beat the market with individual stock picks, but these results show it’s not just possible, it’s absolutely achievable with the right tools and approach. Now, let's dive into the charts! 1. Apple (AAPL) - a load-it-up type of setup has worked out nicely. Used previously worked resistance levels. If the stocks performing well and the market cap is big enough then these levels can help you to get on board. Current profit 65% Before: After: --------------------------- 2. Adobe (ADBE) - came down sharply, but the price reached the optimal area and reversed. Current profi 38%. Before: After: --------------------------- 3. Advanced Micro Devices (AMD) - round number, strong resistance level becomes support and the climb can continue. Current profit 101% Before: After: --------------------------- 4. Amazon (AMZN) - came down from high prices to the marked levels and those who were patient enough got rewarded nicely. Current profit 66% Before: After: --------------------------- 5. Arista Networks (ANET) - retest of the round nr. worked perfectly, as a momentum price level, after the strong breakout. Current profit 343% Before: After: --------------------------- 6. Aptiv PLC (APTV): Came down quite sharply and it will take some time to start growing from here, if at all. The setup was quite solid but probably fundamentals got weaker after the all-time high. Current loss -24% Before: After: --------------------------- 7. American Express (AXP) - firstly the round nr. 200 worked as a strong resistance level. Another example is to avoid buying if the stock price approaches bigger round numbers the first time. Came to a previous resistance level and rejection from there… Current profit 104% Before: After: --------------------------- 8. Bio-Rad Laboratories (BIO) - in general I like the price action, kind of smoothly to the optimal zone. It might take some time to start growing from here but also fundamentals need to look over. Current loss 6% Before: After: --------------------------- 9. BlackRock (BLK) - kind of flawless. All criteria are in place and worked perfectly. Current profit 81% Before: After: --------------------------- 10. Ball Corporation (BALL) - a perfect example of why you should wait for a breakout to get a confirmed move. No trade. Before: After: --------------------------- 11) Berkshire Hathaway (BRK.B) - Buy the dip. Again, as Apple, a big and well-known company - all you need to do is to determine the round numbers, and small previous resistances that act as support levels, and you should be good. Current avg. profit from two purchases 64% Before: After: --------------------------- 12) Cardinal Health (CAH) - the retest isn't as deep as wanted but still a confirmed breakout and rally afterward. Still, the bias was correct! Before: After:https://www.tradingview.com/x/83OmlWuv/ --------------------------- 13) Ceridian HCM Holding (DAY) - found support from the shown area but not much momentum. Current profit 20% Before: After: --------------------------- 14) Charter Communications (CHTR) - technically speaking it is a quite good price action but kind of slow momentum from the shown area. Probably came too sharply and did not have enough previous yearly highs to support the fall. Current loss -10% Before: After: --------------------------- 15) Comcast Corp. (CMCSA) - got liquidity from new lows, pumped up quickly, and is currently fairly solid. Current profit 10% Before: After: --------------------------- 16) Cummins (CMI) - got rejected from 2028 and 2019 clear highs, fairly hot stock, and off it goes. Current profit 80% Before: After: --------------------------- 17) Salesforce.com (CRM) - perfect. 50% drop, strong horizontal area, and mid-round nr did the work. Current profit 83% Before: After: --------------------------- 18) Cisco Systems (CSCO) - worked and slow grind upwards can continue. Current profit 30% Before: After: --------------------------- 19) Caesars Entertainment (CZR) - not in good shape imo. It has taken too much time and the majority of that is sideways movement. Again, came too sharply to the optimal entry area. Current loss -16% Before: After: --------------------------- 20) Devon Energy (DVN) - inside the area and actually active atm. Still, now I’m seeing a bit deeper correction than shown. Before: After: --------------------------- 21) Electric Arts (EA) - 6 years of failed attempts to get a monthly close above $150 have ended here. It got it and we are ready to ride with it to the higher levels. Current profit: kind of BE Before: After: --------------------------- 22) eBay (EBAY) - it took some time but again, worked nicely. Before: After: --------------------------- 23) Enphase Energy (ENPH) - got a breakout, got a retest, and did a ~76% rally after that! If you still hold it, as I do statistics, then… Current loss -59% Before: After: --------------------------- 24) Expeditors International of Washington (EXPD) - kind of worked but didn't reach. No trade. Before: After: --------------------------- 25) Meta Platforms (META) - the bottom rejection from the round number $100 is like a goddamn textbook :D At that time 160 and 200 were also a good area to enter. Here are several examples of the sharp falls/drops/declines - watch out for that, everything should come fairly smoothly. Still, it ended up nicely and we have a massive winner here... Current profit 209% Before: After: --------------------------- 26) FedEx (FDX) - I love the outcome of this. Very solid price action and multiple criteria worked as they should. Perfect. Current profit 60% Before: After: --------------------------- 27) First Republic Bank (FRC) - firstly got a solid 30 to 35% gain from the shown area but...we cannot fight with the fundamentals. Current loss 99% Before: After: --------------------------- 28) General Motors (GM) - finally found some liquidity between strong areas and we are moving up. Current profit 47% Before: After: --------------------------- 29) Alphabet (GOOG) - load it up 3.0, a good and strong company, and use every previous historical resistance level to jump in. Current avg. profit after three different price level purchases 63% Before: After: --------------------------- 30) Genuine Parts (GPC) - coming and it looks solid. Before: After: --------------------------- 31) Goldman Sachs (GS) - really close one. Current profit 86% Before: After: --------------------------- 32) Hormel Foods (HRL) - quite bad performance here. Two trades, two losses. The current loss combined these two together is 35% Before: After: --------------------------- 33) Intel (INTC) - at first perfect area from where it found liquidity, peaked at 65%. Still, I make statistics if you still holding it then… Current loss -21% Before: After: --------------------------- 34) Ingersoll Rand (IR) - beautiful! Current profit 144% Before: After: --------------------------- 35) Intuitive Surgical (ISRG) - the trendline, 50% drop, strong horizontal area. Ready, set, go! Current profit 157% Before: After: --------------------------- 36) Johnson Controls International (JCI) - second rest of the area and then it started to move finally.. Current profit 55% Before: After: --------------------------- 37) Johnson & Johnson (JNJ) - Buy the dip and we had only one dip :) Current profit 13% Before: After: --------------------------- 38) CarMax (KMX) - the area is strong but not enough momentum in it so I take it as a weakness. Current profit kind of BE Before: After: --------------------------- 39) Kroger Company (KR) - without that peak it is like walking on my lines Current profit 15% Before: After: --------------------------- 40) Lennar Corp. (LEN) - strong resistance level becomes strong support. Beautiful! Current profit 164% Before: After: --------------------------- 41) LKQ Corp. (LKQ) - just reached and it should be solid. Probably takes some time, not the strongest setup but still valid I would say. Before: After: --------------------------- 42) Southwest Airlines (LUV) - no breakout = no trade! Don’t cheat! Your money can be stuck forever but in the meantime, other stocks are flying as you also see in this post. If there is a solid resistance, wait for the breakout and possibly retest afterward! Currently only lower lows and lower highs. Before: After: --------------------------- 43) Las Vegas Sands (LVS) - channel inside a channel projection ;) TA its own goodness! Current profit 70% Before: After: --------------------------- 44) Microchip Technology Incorporated (MCHP) - worked! Current profit 37% Before: After: --------------------------- 45) Altria Group (MO) - got a bit deeper retest, liquidity from lower areas, and probably a second try.. Currently kind of BE Before: After: --------------------------- 46) Moderna (MRNA) - "seasonal stocks", again too sharp and we are at a loss… Current loss -37% Before: After: --------------------------- 47) Morgan Stanley (MS) - the first stop has worked, and got some nice movements. Current profit 62% Before: After: --------------------------- 48) Microsoft (MSFT) - Load it up 4.0, buy the dip has worked again with well-known stock. Three purchases and avg. return from these are amazing 70% Before: After: --------------------------- 49) Match Group (MTCH) - it happens.. Current loss -53% Before: After: --------------------------- 50) Netflix (NFLX) - almost the same as Meta. Came quite sharply but the recovery has been also quick. Another proof is that technical analysis should give you a psychological advantage to buy these big stocks on deep corrections. Current profit 153% Before: After: --------------------------- 51) NRG Energy (NRG) - Perfect weekly close, perfect retest… Current profit 90% Before: After: --------------------------- 52) NVIDIA (NVDA) lol - let this speak for itself! Current profit 735% Before: After: --------------------------- 53) NXP Semiconductors (NXPI) - usually the sweet spot stays in the middle of the box, and also as I look over these ideas quite a few have started to climb from the first half of the box. Touched the previous highs. Current profit 74% Before: After: --------------------------- 54) Pfizer (PFE) - actually quite ugly, TA is not the strongest. Probably results-oriented but yeah.. Current loss -25% Before: After: --------------------------- 55) PerkinElmer - “after” is EUR chart but you get the point. Current profit 25% Before: After: --------------------------- 56) Pentair (PNR) - worked correctly, 50% drop combined with the horizontal area, easily recognizable, and the results speak for themselves. Current profit 124% Before: After: --------------------------- 57) Public Storage (PSA) - again, previous yearly highs and the trendline did the job. Current profit 36% Before: After: --------------------------- 58) PayPal (PYPL) - the area just lowers the speed of dropping, but slowly has started to recover. Current loss -14% Before: After: --------------------------- 59) Qorvo (QRVO) - slow, no momentum. Current profit 10% Before: After: --------------------------- 60) Rockwell Automation (ROK) - previous yearly high again, plus some confluence factors. Current profit 32% Before: After: --------------------------- 61) Rollins (ROL) - after posting it didn’t come to retest the shown area. Being late for a couple of weeks. Worked but cannot count it in, the only thing I can count is that my bias was correct ;) Before: After: --------------------------- 62) Snap-On Incorporated (SNA) - same story! Before: After: --------------------------- 63) Seagate Technology (STX) - firstly it came there! Look how far it was, the technical levels are like magnets, the price needs to find some liquidity for further growth and these areas can offer it. I like this a lot, almost all the criteria are in place there. Current profit 73% Before: After: --------------------------- 64) Skyworks Solutions (SWKS) - one of the textbook examples of how trendline, 50% drop, round nr. and strong horizontal price zone should match. Still a bit slow and it will decrease the changes a bit. Kind of BE Before: After: --------------------------- 65) TE Connectivity (TEL) - came down, and got a rejection. “Simple” as that. Current profit 37% Before: After: --------------------------- 66) Thermo Fisher Scientific (TMO) - mister Ranging Market. Current profit 19% Before: After: --------------------------- 67) Trimble (TRMB) - finally has started to move a bit. Got liquidity from previous highs again and.. Current profit 45% Before: After: --------------------------- 68) Tesla (TSLA) - made a split. Have been successfully recommended many times after that here and there but two years ago we traded in these price levels and.. Current profit 19% Before: After: --------------------------- 69) Train Technologies (TT) - dipped the box and off it goes! Epic! Current profit 227% Before: After: --------------------------- 70) Take-Two Interactive Software (TTWO) - I like this analysis a lot. Worked as a clockwork. Current profit 60% Before: After: --------------------------- 71) United Rentals (URI) - WHYY you didn’t reach there :D Cannot count it. Before: After: --------------------------- 72) Waters Corp. (WAT) - came to the box as it should be slow and steady. As the plane came to the runway. Current profit 41% Before: After: --------------------------- 73) Exxon Mobil Corp. (XOM) - another escaped winner. Didn’t come down to retest my retest area so, missed it. Before: After: --------------------------- 74) Xylem (XYL) - perfect trendline, good previous highs, 50% drop from the peak and.. Current profit 76% Before: After: --------------------------- 75) Autodesk (ADSK) - took a bit of time to start climbing but everything looks perfect. Nice trendline, 50% drop from ATH, previous yearly highs - quite clean! Current profit 66% Before: After: The strategies above show how useful price action, key levels, and psychology can be for investing. By spotting breakouts, and pullbacks, or focusing on round numbers and past highs, technical analysis helps give traders an edge in understanding the market. Regards, Vaido
NASDAQ:NVDAEducation
by VaidoVeek
NVDA Technical Analysis for Oct. 25, 2024Technical Analysis Support Levels: $137.47: This is a key support level as shown by the horizontal red line. It represents an area where the price may find buying interest if NVDA starts to fall. $136.37: A lower support level that NVDA tested earlier. If the stock breaks below $137.47, this could act as the next area of demand. Resistance Levels: $141.88: This level represents a previous high that NVDA needs to break to continue its upward momentum. $144.47-$144.50: This higher zone acts as a more significant resistance level where selling pressure may emerge based on prior price action. Trendlines: NVDA appears to be in a short-term downward trend, as indicated by the descending trendline from recent highs. It is testing the trendline now, and a breakout above it may signal a reversal in momentum. Volume: There’s a noticeable uptick in volume, which suggests increased interest as the stock approaches key levels. Higher volume near resistance could indicate a breakout if buyers overpower sellers. MACD: The MACD indicator appears neutral to slightly bearish, with signs of consolidation. No strong divergence or momentum signal is apparent. Tomorrow's Outlook Bullish Case: A breakout above the trendline and resistance at $141.88 could take NVDA to test the higher levels at $144.47-$144.50. Buyers stepping in on higher volume will support this move, and the broader tech sector's sentiment will play a role in further continuation. Bearish Case: If NVDA rejects from the current levels and fails to hold above $137.47, it could drop further, testing the $136.37 support level or even lower. This scenario would be more likely if the stock continues to face pressure from sellers at the trendline. Disclaimer This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult a financial advisor before making trading decisions, as trading involves risk.
NASDAQ:NVDA
by BullBear-Insights
NVIDIA on a strong uptrendNVIDIA Corporation has been showing signs of strength in recent trading sessions, as the stock continues its upward trajectory. Currently trading at around $139.85, the stock is building on a solid base, with multiple indicators suggesting that the bullish momentum may continue. 1. Bullish Breakout and Trendline Support: NVDA recently broke out of a downtrend, surpassing a key descending trendline with strong volume. This breakout suggests a shift in momentum, with the price now trading comfortably above previous resistance levels. A rising trendline is evident, acting as strong support for the stock. As long as this upward trendline holds, the technical outlook remains bullish. 2. Moving Averages Supporting the Uptrend: The stock is currently above the 20-day, 50-day, and 100-day EMAs, which are all pointing upwards. This alignment, with shorter-term EMAs above longer-term ones, indicates a solid upward trend. The 20-day EMA, currently around $133.23, has been acting as a dynamic support level, suggesting that buyers are stepping in at pullbacks. 3. Fibonacci Levels Highlight Key Targets: The stock has broken through key Fibonacci levels, with a target at the 0.786 retracement around $136.14 already surpassed. This indicates that NVDA has the potential to challenge the 1.0 Fibonacci extension level at $143.40. The Fibonacci support levels below suggest a solid base around $125.35, providing a cushion in case of any short-term pullbacks. 4. Volume and Momentum Indicators: Trading volume has shown healthy levels during recent upward movements, suggesting that the rally is backed by strong buying interest. The MACD indicator shows a positive crossover, with the MACD line above the signal line, indicating bullish momentum. RSI is currently at 65.48, below the overbought threshold, suggesting there's room for further upward movement without immediate risk of a pullback. 5. Pivot Points and Price Action: NVDA is trading close to its R1 pivot level of $132.42, which it recently surpassed. If the stock continues its positive trajectory, the next resistance levels to watch are around $143.40 and beyond. Support levels around $125.35 and $116.69 provide a safety net for any minor corrections, ensuring that the broader trend remains intact. NVIDIA Corporation's technical indicators point to sustained bullish momentum, with strong support levels and a clear upward trendline. As long as the stock remains above its key moving averages and trendline, there's potential for it to test higher resistance levels, making NVDA an attractive opportunity for investors looking for further gains in the semiconductor sector.
NASDAQ:NVDALong
by kgougakis
Exploring Nvidia's India Strategy: AI and LanguageNvidia, a leading technology company, has solidified its commitment to India with a series of significant announcements. The company unveiled a Hindi language model and forged strategic partnerships with major Indian corporations, underscoring its ambition to drive AI innovation and language technology in the country. One of the most notable partnerships announced by Nvidia is with Reliance Industries, led by billionaire Mukesh Ambani. The two companies have outlined plans to build AI infrastructure in India, leveraging Nvidia's cutting-edge hardware and software solutions. This collaboration aims to accelerate AI research, development, and deployment across various sectors, including healthcare, agriculture, and education. In addition to the partnership with Reliance, Nvidia also launched Nemotron-4-Mini-Hindi 4B, a small language model specifically designed for the Hindi language. Hindi, as the most widely spoken language in India, holds immense cultural and economic significance. The availability of a powerful Hindi language model will enable developers to create innovative applications and services tailored to the needs of Hindi-speaking users. Nvidia's investment in India comes at a time when the country is experiencing a surge in AI adoption and development. The government's initiatives to promote digital transformation and innovation have created a favorable environment for technology companies to thrive. By partnering with leading Indian firms and investing in language technology, Nvidia is positioning itself as a key player in India's AI ecosystem. The launch of the Hindi language model is a significant step towards bridging the language gap in AI. While English has dominated the AI landscape, there is a growing recognition of the importance of developing language models for regional languages. By investing in Hindi, Nvidia is demonstrating its commitment to making AI accessible to a wider audience and empowering local communities. Beyond the immediate benefits of language technology, Nvidia's India strategy also has broader implications. By fostering partnerships and investing in AI infrastructure, the company is contributing to the development of a skilled workforce and promoting innovation in the country. This could have a long-term impact on India's economic growth and competitiveness on the global stage. In conclusion, Nvidia's announcement of a Hindi language model and partnerships with major Indian companies marks a significant milestone in its India strategy. By investing in AI and language technology, the company is positioning itself as a key player in the country's digital transformation. As India continues to embrace AI, Nvidia's commitment to the region is likely to yield substantial benefits for both the company and the nation.
NASDAQ:NVDA
by bryandowningqln
NVDA Full Wave Analysis from Weekly to Four HourGood morning Trading Family Here is a massive detailed video outlining my thought process using wave counting and some other tools to figure out where NVDA is going and why along with key levels to look for and some scenarios that we can see play out with NVDA Goal Here is to get you to see how using wave counting can help you form a a structure with your ideas using the IF Then methodology to become a better trader. If this video helped boost, like , share: I am very grateful and appreciate your time watching this video Any questions let me know and send me a Dm if you like Mindbloome Trading Trade What You See
NASDAQ:NVDALong
by Mindbloome-Trading
NVDA Technical Analysis for Oct. 24,2024Resistance Levels: 144.50 - 144.45: This zone represents immediate resistance for NVDA. Watch for any break above this level with strong volume to confirm a potential move higher. If NVDA cannot break this level, it may signal a possible reversal. 146.00: A higher resistance point, which if broken, could signal a bullish continuation, offering potential upside targets toward 150.00. Support Levels: 140.20 - 141.82: This is a significant support zone, acting as a floor for NVDA's current price. If the stock finds support here, it could provide a strong bounce opportunity. Failure to hold 140.20 could result in further downside movement. 136.27: This lower support level could serve as a target in case of a bearish breakdown. A drop below this level could signal significant selling pressure. Trendline: The rising wedge pattern seen earlier has broken to the downside, indicating a bearish signal. This suggests that further downside pressure could be in play if NVDA fails to reclaim key resistance levels. The stock appears to be in a short-term downtrend, but a bounce from support could trigger a reversal. Volume and Momentum: The increase in volume on the recent downtrend suggests that sellers have been in control, but the volume has decreased slightly as the price approaches key support. Momentum indicators are mixed, showing that a break of resistance or support could determine the next direction. My Thoughts for Tomorrow’s Trading: For scalpers, watch for price action around the 141.82 - 140.20 support zone. If the price holds here, you may see a bounce back toward 144.50. For swing traders, a break below 140.20 could trigger a move toward 136.27 and below. Consider going short if this breakdown occurs. On the other hand, a sustained move above 144.50 could trigger a potential long position targeting 146.00 and higher. Stay cautious for false breakouts and monitor volume for confirmation of directional moves. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and use proper risk management when trading. Trading involves significant risk, and past performance is not indicative of future results.
NASDAQ:NVDA
by BullBear-Insights
NVDA is ready to push much higherStudy the price action on this logarithmic daily chart. The thoughtful and observant student will be able to deduce how the magenta channel was constructed. Imo, this channel represents the current probable path of price. Study will certainly reveal existing time cycles. Imo, the next daily cycle top is due in late November-early December. The recent break to new highs has setup a potential year long Bear AB=CD harmonic pattern @ 192.22. As insane as it may sound, I believe that a post-earnings push to +220 by early December is in the cards. Thankfully, I don't have to hope and pray to trade this in a profitable manner. Trade Idea: Believe that history is repeating itself in a fractal manner, buy long, follow the probable path of price, take profit @ 192.22 and/or liquidate if a daily candle closes below the path. I could be could be completely wrong, but, barring immediate gap moves down, I will only suffer a small loss. Otherwise, the probable path of price will allow me to trend follow; accepting what the market gives free of stress and second-guessing. Good luck to all the bulls!
NASDAQ:NVDALong
by moleman340
Focus on demand in semiconductors, NVDA leading the way.While there are minor disputes among smaller semiconductor firms, the real focus should be on demand. NVDA is making tremendous strides in the data center space. My long-term target is around $171, but in the short term, we need a weekly close above $140.76 for confirmation. I'm a buyer near $141, with $136.15 standing out as the most attractive entry point in the support zone. Falling below this level could lead to short-term frustration.
NASDAQ:NVDALong
by Tolgaun6