NVIDIA implemented my August 1st scenario for shortNVIDIA implemented my August 1st scenario for short and we achieved take profit 1
NVD trade ideas
NVDA SHORT to $100?After an epic run NASDAQ:NVDA appears to be testing its uptrend from April (green line), we could see a bounce but with the gaps present in the chart, I see a cheeky short to previous support around $100 (white line). RR is low, this is just an attempt to feel out this contrarian take.
Going Bullish and Looking Long - 3 Weeks Out ExpirationSo let's break this down.
NVDA hit the price target of 95-97, actually even broke below that giving up a little extra icing on the cake... We know that Ms. Market isn't going to allow people to get rich on short-term calls and her job is to stabilize growth in the market.
NVDA did the 10-for-1 stock split and made it much more affordable for retail traders to jump in. On the flip side, institutional money is happy to buy in as well at sub 100/share. Nancy Pelosi even jumped aboard this train...
Moving forward, what's my price target? Glad you asked.
My first target is 114 and I would expect a few speed bumps before we get there.
In the "red zone", more so orange on my chart, is the first point of major resistance.
Next up, somewhere around the region of 120. A nice, round number.
Heading north on the high end, 130 and beyond. Within 3 weeks? We'll see. I'm ambitious.
Nvidia is down 14% in Monday's Trading Entering Acquisition ZoneNvidia, a leading player in the semiconductor and AI sectors, has been making waves in 2024 with a series of strategic acquisitions. Despite facing increasing regulatory scrutiny and a cooling trend in AI mergers and acquisitions (M&A), the company is positioning itself for what could be its most acquisitive year yet. However, Nvidia's aggressive expansion strategy has not come without its challenges, reflected in its recent stock performance.
Nvidia's Acquisition Strategy in 2024
As of mid-2024, Nvidia ( NASDAQ:NVDA ) has announced four acquisition deals, matching its total for the entire year of 2020. This activity underscores the company's commitment to bolstering its capabilities and expanding its influence in the AI and semiconductor industries. Some of the notable acquisitions include:
1. Run:ai: In April, Nvidia agreed to acquire this Israeli firm known for its technology that enhances GPU efficiency. However, the deal has yet to close due to regulatory scrutiny from the U.S. Department of Justice (DOJ).
2. Deci AI: Another Israeli startup, Deci AI, was acquired in May for $300 million. Deci AI provides tools for developers to build AI models, further strengthening Nvidia's position in the AI ecosystem.
These acquisitions highlight Nvidia's strategy to integrate advanced technologies and enhance its product offerings, especially in the AI domain. However, the company’s rapid expansion has attracted the attention of regulators.
Regulatory Hurdles and Market Reactions
Nvidia's acquisition spree is occurring under the watchful eyes of regulators. The DOJ and the Federal Trade Commission (FTC) are investigating Nvidia, along with Microsoft and OpenAI, for potential antitrust violations. This scrutiny has delayed some of Nvidia's deals, including the acquisition of Run:ai, reflecting broader concerns about market concentration in the rapidly growing AI sector.
The regulatory environment is becoming increasingly challenging for large tech companies. Nvidia's past experience with regulatory interference is notable, particularly the failed $40 billion acquisition of ARM from SoftBank in 2020, which was terminated in February 2022 due to regulatory hurdles. This history underscores the complexities and risks associated with large-scale acquisitions in the tech industry.
Market Performance and Investor Sentiment
Amid these regulatory challenges, Nvidia's stock has experienced significant volatility. Recently, Nvidia shares plummeted 14% in Monday's trading session, marking a substantial decline that brought the stock price to sub-$100 levels. This drop is part of a broader trend affecting the semiconductor sector, with other major players like Advanced Micro Devices (AMD) and Intel also seeing substantial declines.
The market reaction reflects investor concerns over regulatory risks and the overall health of the tech sector. The semiconductor industry is particularly sensitive to geopolitical tensions, trade policies, and macroeconomic factors, all of which have contributed to recent market volatility.
Opportunities and Risks
Despite these challenges, Nvidia remains a powerhouse in the AI and semiconductor industries. The company's acquisitions aim to enhance its technological capabilities and maintain its competitive edge. For instance, the integration of Run:ai's technology could significantly improve GPU efficiency, while Deci AI's tools could streamline the development of AI models, both of which are crucial for Nvidia's growth strategy.
Technical Outlook
At present, Nvidia stock ( NASDAQ:NVDA ) has declined by 10.61% and is trading above both the 50-day and 100-day Moving Averages (MAs). The stock's Relative Strength Index (RSI) stands at 34, placing it within the oversold territory. Concurrently, the broader stock indexes and the cryptocurrency market are undergoing a downturn, with Bitcoin ( CRYPTOCAP:BTC ) plummeting to $50k, underscoring the market's volatility.
This situation has resulted in a 1 billion-dollar liquidation of trades today. Prior to engaging in any stock transactions today, it is prudent to conduct a comprehensive risk assessment as the Moving Average Convergence Divergence (MACD) has decreased by -2.29, indicating a pronounced bearish divergence.
Conclusion
Nvidia's aggressive acquisition strategy in 2024 reflects its ambition to dominate the AI and semiconductor sectors. While the company is navigating a complex regulatory environment and market volatility, its recent deals highlight its commitment to innovation and growth. Investors and industry observers will be closely watching Nvidia's next moves, especially as it approaches its earnings announcement on August 28. Despite the challenges, Nvidia's strategic acquisitions and technological advancements position it well for future opportunities in the dynamic and competitive tech landscape.
NVDA - Trade IdeaOk jumping in here by selling a PUT for this week expiration with NVDA. Just the premier company to own for AI and you buy the dips.
Sell To Open NVDA AUG9 95P @ 6.05 (One Contract)
Nvidia - Poser or the real deal? Well this has been an absurd run! Who would have thought?! Nevertheless, it's time to correct for a healthier move towards 150! Short on the short term.
Disclaimer: These are not trading signals. Trade at your own risk!
$NVDA The Even Bigger PullbackAs we watch NASDAQ:NVDA for our next short trading opportunity, we have to keep in mind the unfilled daily gap around 680. After a hefty pullback we could see the stock cluster and move higher looking for a double top where a second and even bigger pullback will occur and the gap below becomes filled. With markets turning higher and only 3-4 months left until seasonal tech reckoning in August/September, this next leg down will net life changing money for the Patient investor. A double top scenario does not mean both tops must be equal. In many cases these double tops either fall short or spike above previous highs. CCI has confirmed the high probability short on the weekly. Being a weekly chart it could stay in this zone a while, however with a weekly inside bullish close, we can assume higher price movement until then.
All things being equal, that second leg lower could happen before the double top.
Re-test of ~$97 support?Based on the support & resistance lines, I have the following price targets for NASDAQ:NVDA #NVIDIA Corporation.
- The bullish price targets are: 140.76.
- The bearish price targets are: 97.39 > 96.76 > 92.21.
* The price is trading between support and resistance lines, often referred to as a "no trading zone".
My bearish price targets for $NVDA are reached, now what?My bearish price targets for NASDAQ:NVDA #NVIDIA are reached: 97.39 > 96.76 > 92.21. We pulled back -35% from the top. This could be a healthy pullback.
Next is to find out if we can hold this support area:
- If we hold support, we can go for new all time highs. If you think so, support levels can be a good entry point for a LONG position.
- If we don't hold support, the next support level is sitting around ~$50.
Also, if we look at the fundamentals (//penketrading.com/symbols/NVDA.NASDAQ/) the company is growing fast, but even with this growth and my 10 year intrinsic value calculation the value is between $12.48 - $38.27 per share.
Just my analysis, not financial advice. What do you think?
Best regards,
Penke
Nvidia under investigation by DOJ over competitive practicesNvidia, a leader in the artificial intelligence processor market, is under investigation by the US Department of Justice (DOJ). The probe, reported by The Information, focuses on allegations that Nvidia may have engaged in anti-competitive practices to maintain its market dominance. Specific concerns include potential restrictions placed on competition through product bundling and aggressive strategies aimed at deterring customers from engaging with competitors.
The investigation extends to accusations that Nvidia pressured cloud service providers into purchasing combinations of products, such as A100 or H100 GPUs and Mellanox-branded networking equipment, which could limit customer choices. Furthermore, the DOJ is scrutinising whether Nvidia imposed higher prices on networking equipment for customers who opted for AI processors from competitors like AMD and Intel.
Technical analysis of NVIDIA Corp. (NASDAQ: NVDA)
Here follows a review of NVIDIA's stock performance for potential trading opportunities:
Timeframe : Daily (D1)
Current trend : the stock is currently in a downtrend, influenced by broader market negativity and the recent allegations
Resistance level : 118.80 USD
Support level : 102.40 USD
Short-term target : if the downtrend continues and the support at 102.40 USD is breached, a short-term target could be set at 88.00 USD
Medium-term target : with further negative momentum, the price could potentially decline to 75.50 USD
Potential uptrend scenario : if market sentiment improves and Nvidia manages to navigate the investigation without significant damage, an uptrend could see the stock rise towards 130.00 USD
Investors and traders should closely monitor the developments of this DOJ investigation, as it could significantly impact Nvidia's business practices and market positioning. The outcome could have long-term implications for Nvidia's operations and its relationship with customers and competitors in the highly competitive AI processor market.
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NVDA Correction: Strongest Since 2021 (77.7 & 42)The NVDA stock has been a major bull since October 2022...
Good day my beloved traders, how are you feeling today?
The NVIDIA Corporation stock is now synonymous with a gauge for the Cryptocurrency market.
➖ When the stock is doing great, we know the Crypto-market to be doing great.
➖ When the stock falters, we know the Crypto-market is ready to falter as well.
Here we can see first, a major rise within a strong ascending channel (BU-AC) followed by a confirmed top-pattern (Tpat). What follows is of major importance.
The breakdown of this very long and strong ascending channel signals the end of the rising wave. The end of the rising wave signals the start of a declining phase.
The fact that the rise was so strong indicates that the correction can be really strong as well. The market tends to balance things out from left to right, from down to up, from up to down.
We are seeing the third consecutive week where this market trades in the red and this is something that we have not being seeing. Only between March and April 2024 we experienced some bearish action and then full bullish momentum the rest of the time.
So this is a very strong revealing signal.
The end of the rising wave is marked by a rounded top (R-top) pattern with now increasing bearish volume. Notice that the bearish volume is still low compared to previous weeks and this only means that the action on this side of the market is only getting started, now.
➖ This is not Bitcoin.
➖ This is not Ethereum.
➖ This is not Cryptocurrency.
We are using the positive correlation these markets have to predict what will happen next but we cannot predict the duration of the correction base on this correlation. Let me explain.
The bearish wave for Bitcoin and the Altcoins market can last between 6-9 weeks, it is truly reaching its end. The charts are quite different. But for NVDA we don't know what to expect. The correction can start and go for 3 weeks, just as it can last 3 months, 6 months or 9 months... It is interesting.
Knowing this, it is time to prepare.
Regardless of how long the correction goes for; If you are in and a bull, it is time to run.
The crash can easily hit 80 first (77.7) followed by even lower valuations.
We can see 65 within weeks and even below 44 if the scenario becomes extreme.
Namaste.
NVDA into the GREAT RECESSIONNVIDIA is going to be one of the companies most hit by the coming crisis.
Does the blue graph seem eerily familiar? Yeah its Cisco in 2000 right before the bubble.
Latest open gap at $21 which would be my main TP.
$500 Billion Gone In 3 Days... Eh, We Should Be Fine Right? nopeUnless we have another explosive earnings or some crazy news that rockets AI up again, this is all a trap.
You cant casually wipe off $500 Billion in 3 days and then expect to reach all time high again hahahaha. The amount of resistance above us now is HUGE!
My two circles following the question mark are for the lack of pull backs this morning to support a healthy thesis for NVDA. Without this pull back today or tomorrow, this is setting up a mean bear flag.
Oh AND the CEO of NVDA is selling millions as well lol.
Technical Analysis for NVDA 8/5Support and Resistance Levels
Resistance Levels:
$124.69: Significant resistance indicated by volume profile.
$121.51: Another notable resistance level.
Support Levels:
$106.73: Current support level.
$99.82 - $100.01: Lower bound indicated by volume profile.
Entry and Exit Points
Long Entry:
Entry: Above $121.51 if it breaks above with strong volume.
Exit: Near $124.69 (first resistance) or if it drops below $121.51.
Short Entry:
Entry: Below $106.73 if it shows continued weakness.
Exit: Near $100.01 (first support) or if it climbs back above $106.73.
Recommendations
Short-Term Trading (1-3 Days):
Potential Direction: NVDA might continue to decline if it fails to hold above the $106.73 support level.
Monitoring: Watch for price action around key levels, especially at $106.73 and $121.51.
Long-Term Trading (Weeks to Months):
Potential Direction: Monitor if NVDA can establish a base above $106.73. A breach below this level could see a move towards the $100 support. If it holds, a rebound towards $121.51 or higher resistance levels is possible.
Risk Management: Implement tight stop-loss orders to protect against unexpected volatility, particularly around the $106.73 level.
Combining technical analysis with a close watch on market sentiment will provide a robust strategy for trading NVDA. This is for educational purposes only. It is not financial advice.
NVDA possible slight positive reboundWe could say that NVDA is currently in a descending channel with resistance/support levels determined by volume peaks (seen in 1 day, 1 hour and 15 minutes timeframes) + order book data, this "downtrend" or "correction" can be a distribution phase.
In addition to that, we could find a minor creek that was tested, then punctured and finally perforated. With all this data in mind, it's possible for the stock to have a slight positive rebound on Monday, 5, August facilitating a possible intra-day operation, targeting the minor creek as a resistance.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
All time high looks within graspAs long as it stays above $100 I am very bullish. $100 is my entry point to short but being oversold on that support line is extremely attractive and bullish in my opinion. I am already in long with some insurance if things go south but if $100 breaks I think it will fall hard.
What will happen after the NVDA correction? NASDAQ:NVDA
On July 17th, NVDA broke out of a symmetrical triangle formation. Based on this, the current price target is $96.
NDVA recently broke below its 50-day MA, which was then retested and failed to break above. Given the current macro environment and high market fear, I am looking to hold off until the price target is reached before considering re-entry into this name.
Of all the companies, I believe this to be the most resilient to the macro environment due to the ecosystem it has created and the reliance on its hardware and software by other large-cap companies.
To deal with recessionary pressures, companies are going to find ways to cut costs. This will likely be in the form of layoffs. In this environment, to maintain productivity, they are going to rely on NVDA products for further advancement.
NVDA is currently at support around its 100-day MA. If this is broken, there is a gap that needs to be filled which is right near the above-stated price target. Once this area is tested, I will reassess. It is not out of the cards that even this high-flyer retests its 200-day MA in these current conditions, but if that is the case, that will be a massive buying opportunity.
Depending on market open I am currently considering buying OTM puts for $95 target. If that goes as planned I will close that position and sell cash secured puts at the level of the 200 day MA. If it gets close to the 200 day MA I will likely hammer call options.
NVDA is at the uptrend lineNASDAQ:NVDA is at the important price level as follows
- Uptrend support line
- Fib 0.618
- Increased volume
- Bullish Divergence on 1hour time frame
- $97-$100 Gap plays as support
- MACD lines extremely extended -3.44 that never happened before
Therefore:
Strong pull back is inevitable to $115-120 area
If breaks $125 is evident
If breaks down the trend line, lets see if the price bounce back and push upside after filling the gap $97-$100 area.
Sitting on SupportWhat a beauty we see in $NVDA. The RSI is cooling to the oversold territory and volume is coming back in. It appears we are sitting on support and are ready to make a move back to the upside. Consolidation is being built and it looks like we are ready for the next bullish move. MACD is beginning to show some rotation and we are still well above the 200SMA which indicates NASDAQ:NVDA is still bullish. Short term with the weaker market over all, this and all of the market may pull back but, this one seems to be the strongest of them all. Let's see where it goes and how it holds the test of time.
I have no doubt but to load up at.Look at it: catching both ends of the knife, falling, climbing, it has been a scene out of a Bipolar movie. I'm looking at a number of possibilities here, trying to get rid of the noise and focusing on the next move, right now with yields not investing has caused major spark to the fears of recession after Fridays high unemployment which I remember from 08.
From a chart perspective mid 90s looks very crucial if it releases a candle of my liking on top of the sell off, the reset, and reversal, that may be my idea to delve in, but as for now I am simply sitting on the sideline. I still simply believe the potential this stock has to hold on a longterm basis is phenomenal. Just My Opinion
Positive signs for $NVDA We saw some decent buying into Fridays close as per chart , close clearly above daily anchored vwap ,
I don’t have a position on NASDAQ:NVDA here but will be keeping a eye on it for more clues
H4 NVDAFor NVDA, I'm using the H4 timeframe to determine the POI for a long position. I estimate it to be at the 89.63 level.
Nvidia Is waaay too hotEven though it is possible for price to go beyond the 3rd STD, It usually doesn't remain there for long before it has to cycle back to test lower levels. However, hype stocks can lead people to keep buying in fear of missing out. We all know that is a rookie mistake. That's why, even though NVIDIA is an awesome company, I would instead prefer to buy at a discount.
No one knows what price will do tomorrow. But it's best to have the odds on our side. And when a situation seems risky, even though it's promising, it's usually the best just to step back. Even if you have to let go a great opportunity where price rises, you will still be better off. Because a strategy consisting of chasing the trend will inevitably end poorly. The correct approach is trying to find opportunities where the price isn't too hot, and you believe in the future of the company.
One must look for ways to determine if a new trend is forming. Not trying to catch the current one. If the price is already in a clear trend, it's best not to jump in right away, but look for a cool off before taking a position. Also, when considering individual stock's it's important to study the related indices as they will give more context to where the stock is in contrast to its pears with similar situations.
By looking at the CME_MINI:ES1! and CME_MINI:ES1! It's noticeable that these indices are also overheating. Just to be clear, I don't believe we are at the peak yet, but we will soon be there. Just be patient, don't tell price what to do, let it hit you about its next move and prepare for all scenarios.
