NVDA: Buy ideaOn NVDA as you can see on the chart we would have a hight probability to have an uptrend because we have the breakout with force the resistance line.
4NVDA trade ideas
NVDANVDA is in a multiday uptrend channel and at the bottom of a 30 min rising channel. I foresee move up in the range of 10 - 12 USD of current price levels.
I bought at 140 per share with TP slightly below of an important psychological level of 150. If this is taken out, we could see sharp move up but I don't expect that to happen soon.
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.
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!
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.
NVDA Weekly to Four Hour In Depth Analysis Where Are We Going Good evening Traders
So in this video I go into the weekly and down to the four hour and 30 minute identifying key levels to look out for and where the market is going.
Currently where we are I really thought we were going to have a shorter correction and punch back up but hey I dont assume and I only trade what the market gives me.
What is currently happening is if we can break and close above 140.65 to me that would be a great entry for this bull run up to 150's
However we can correct back into the zone of 138.40 and then go back into the full bull swing of things
And Lastly we are sinking further to the 129.64 level looking for a entry on another bull run up, if we break lower then I dont know what to tell you other than our bull run maybe over ???
If you like the video: please share, boost, and follow or comment: give me feedback on what you currently see and why.
Hope you have a great day trading
Mindbloome Trading
Trade What You See
NVDA: Time to correct after renewing the ATH?Daily Chart (Left):
Resistance at $140.76: The price is currently around a significant resistance level at $140.76, which is near the recent highs. This level is important as it aligns with the previous all-time high.
Support at $130: Immediate support lies at $130, a previous resistance level, which has acted as a strong zone where buyers stepped in this month. A break below this level could lead to further downside pressure.
21-Day EMA: The price remains above the 21-day EMA, indicating that the overall trend is still bullish. The EMA has consistently acted as dynamic support during pullbacks in the current uptrend.
Weekly Chart (Right):
Ascending Channel: The price action is confined within an ascending channel, with the current price near the upper boundary of this channel. This indicates that the stock has maintained a steady uptrend over the longer term.
Previous All-Time High (ATH): The stock has approached its previous ATH around $140.76, a critical resistance level. This level needs to be decisively broken for a continued bullish rally. However, after a quick breakout of this resistance this week, we see increased selling pressure.
Conclusion:
NVDA has made a new record high this week, briefly breaking the resistance at $140.76, which coincides with its previous all-time high. A true breakout above this level could lead to further bullish momentum, potentially targeting the upper boundary of the ascending channel. However, failure to break above could result in a pullback towards the $130 support level, with the 21-day EMA providing dynamic support. Traders should watch for a decisive move above the $140.76 level for a continuation of the uptrend.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Swing vs. Scalping: Who Really Wins?In the world of trading, data from industry sources often paints a picture that can be misleading for individual traders. Brokers and trading platforms promote high success rates, particularly for more frequent traders like scalpers, but the reality is often far more complex. In this post, we'll break down some of the numbers presented by industry sources and contrast them with independent research to give you a clearer perspective.
Industry-Sourced Success Rates
According to various industry sources, here’s what the reported success rates look like:
Scalper (Under 5-minute operator):
Success Rate: 50-70%
Reasoning:
High trade frequency.
Small price movements.
Greater liquidity.
Short-term trend strategies.
Swing Trader:
Success Rate: 30-50%
Reasoning:
Lower trade frequency.
Larger price movements.
Greater exposure to risk.
Medium to long-term trend strategies.
At first glance, it seems like scalping offers a better chance of success. More frequent trades, combined with the liquidity of short-term moves, are presented as reasons why scalpers may be more successful. But should you trust these numbers at face value?
Conflicts of Interest in Industry Data
These industry-reported numbers may not be as reliable as they seem. Several potential conflicts of interest come into play when brokers and trading platforms promote certain types of trading:
Platform Promotion: Platforms often highlight strategies that lead to more frequent trades, as these generate higher commissions for brokers.
Attracting Active Traders: Scalpers tend to make more trades, and brokers benefit from the higher transaction volume.
Risk Policies: Some platforms may structure their risk management tools and incentives to favor short-term trading.
What Independent Sources Say
When we look at independent, non-conflicted sources, a different picture starts to emerge. Independent academic studies suggest that swing traders may actually perform better than scalpers, for several reasons:
Lower Trade Frequency: Swing traders typically make fewer trades, which reduces the impact of commission fees and spreads on their returns.
Focus on Trends and Fundamentals: Swing traders often use technical analysis and fundamental factors to capture larger price moves, improving their potential for larger gains.
Better Risk Management: With more time between trades, swing traders tend to employ more disciplined risk management practices.
Less Stress and Fatigue: Scalping requires constant focus, which can lead to poor decision-making due to stress or fatigue.
Independent Studies: Swing Traders vs. Scalpers
Let’s take a look at some independent studies that tell a different story from the industry narrative:
University of California Study (2019): Found that swing traders had an average annual return of 12.6%, compared to 6.8% for scalpers.
Journal of Trading Report (2018): Showed a success rate of 55.6% for swing traders, compared to 41.4% for scalpers.
QuantConnect Report (2020): Strategies based on swing trading delivered an average annual return of 15.6%, outperforming scalping strategies.
These studies highlight how swing trading can offer better risk-reward profiles compared to the fast-paced, high-stress world of scalping.
Key Takeaways for Individual Traders
The key lesson here is not to fall for marketing hype or industry reports that may push you towards a specific style of trading, especially one that benefits the platforms you trade on. Here’s what you should keep in mind:
Be Critical: Always question the sources of information. Industry success rates might be skewed by conflicts of interest.
Independent Research: Seek out independent studies, academic journals, and unbiased platforms to get a clearer picture.
Understand Your Goals: Both swing trading and scalping come with risks. Choose a trading style that fits your goals, risk tolerance, and lifestyle.
Focus on Long-Term Growth: While scalping may seem exciting, swing trading tends to offer better long-term results by focusing on fewer, higher-quality trades with disciplined risk management.
Recommended Resources for Objective Information
Academic Journals: Journal of Trading, Journal of Financial Markets.
University Studies: Seek out financial studies from universities like Stanford or Berkeley.
Independent Platforms: QuantConnect, Backtrader.
Specialized Blogs: TradingView, Investopedia.
In conclusion, while the industry may promote fast-paced trading with promises of high success rates, the reality for individual traders is often quite different. Take the time to educate yourself and base your decisions on unbiased, independent information to improve your chances of success.
P.S. Stay tuned for my next post, where I'll dive deeper into the topic, going beyond the potential use of misleading advertising. I'll demonstrate, using statistical methods—specifically, a covariance analysis—why larger time frames, like those used in swing trading, are mathematically more favorable for individual traders. Don't miss it!
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Trading is risky, and you should always conduct thorough research or consult a financial professional before making any investment decisions.
NVDA Great ROI Trade To 150 Good morning Trading Family
The market corrected a bit deeper than expected however we got a correction lol
We have a great bullish opportunity from the 139.80 level to enter in so we go to the levels of 150 possibly beyond
I give you my reasoning on what I see and why
Mindbloome Trading
Trade What You See
NVDA Bearish Elliott Wave AnalysisDisclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
NVDA Technical Analysis for Oct. 23, 2024Key Levels:
High: 144.51
Low: 136.75
Current Price: Around 143
Support Levels:
Immediate support around 141.78
Stronger support around 140.87 and 136.75
Resistance Levels:
Resistance at 144.50 (previous high)
Next key resistance could be around 146 (upper trendline)
Trend Analysis:
Price Action: NVDA is currently trading in an upward channel, staying above key support levels. There’s a minor consolidation just below the resistance zone of 144.50.
Volume: Volume appears to be decreasing after an upward push, suggesting a potential slowdown in momentum. However, we need to see tomorrow’s volume to confirm.
Moving Averages: Looks like the price is above short-term moving averages, indicating near-term bullishness.
Possible Scenarios for Tomorrow:
Bullish Scenario: If NVDA breaks and holds above 144.50, it may push higher towards the 146 level or beyond, testing the upper channel line. Watch for strong volume confirming this breakout.
Bearish Scenario: If NVDA fails to break 144.50 and breaks below 141.78, it may test 140.87 or lower, possibly heading toward the lower trendline near 136.75.
Momentum:
Momentum seems neutral, with no strong indicators of oversold or overbought conditions at this moment.
My Thoughts:
Potential breakout if the price breaches the 144.50 resistance level, but failing that, it could test support. A period of consolidation may also be possible, with the price staying range-bound between 144.50 and 141.78.
This analysis is not biased and purely based on the factual data presented by the chart.
Disclaimer:
This technical analysis is for informational purposes only and not financial advice. It is based strictly on price data and indicators with no bias. Always perform your own due diligence or consult a financial professional before making trading decisions.
Top 5 Weekly Trade Ideas #2 - NVDA ATH BreakoutNVDA has had some really nice moves lately after that big triangle breakout a couple of weeks go. Currently moving almost straight up and making new all time highs. Here on the 15m we have an ascending channel and potential support below at the previous all time high.
I think if the market holds up NVDA will keep tracking up, so ideal scenario is probably a long on the retest of the previous ATH if it does that or just ride the channel up. If it breaks down below this channel and fails to bounce at the previous ATH, the next target would be 131.50. Might be able to short on a retest of the channel or the previous ATH if they both get broken.
Options: Why the Odds Are Stacked Against YouThe Hidden Challenges of Options Trading:
Options trading may seem like an exciting way to profit from market movements, but beneath the surface lies a trading environment that is heavily biased against individual traders. Many retail investors jump into options trading unaware of the many disadvantages they face, making it more of a gamble than a calculated investment. In this post, we’ll explore the major challenges that make options trading so difficult for individual traders and why you need more than luck to succeed.
1. The Odds Are Biased: Complex Algorithms Unlevel the Playing Field
The first thing to understand is that the playing field is not even. Professional traders and market makers use complex algorithms that evaluate a wide range of factors—volatility, market conditions, historical data, time decay, news and more—before they even think about entering a trade. These systems are designed to assess risks, manage exposure, and execute trades with a precision that most individual traders simply can’t match.
For an individual trader, manually analyzing these factors or using basic tools available online is nearly impossible. By the time you’ve analyzed one factor, the market may have already shifted. The reality is that unless you have access to these advanced algorithmic systems, you're trading with a massive handicap.
2. Market Makers Hold the Upper Hand: Your Trades Are Their Game
Market makers play a critical role in options trading by providing liquidity. However, they also hold an unbeatable advantage. They see both sides of the trade, control the bid-ask spreads, and use their position to ensure they’re on the winning side more often than not. For them, it’s not about making speculative bets; it’s about managing risk and profiting from the flow of orders they receive.
When you trade options, you're often trading against these market makers, and their strategies are designed to maximize their advantage while minimizing their risk. This means your trades are, in essence, a bad gamble from the start. The house always wins, and in this case, the house is the market maker.
3. They Will Fool You Every Time: Bid-Ask Spreads and the Math You Don’t See
One of the most overlooked challenges in options trading is understanding the bid-ask spread. This spread represents the difference between the price you can buy an option (ask) and the price you can sell it (bid). While this may seem straightforward, it’s an area where professionals easily outsmart retail traders.
Advanced traders and market makers use complex mathematical models to manage and manipulate these spreads to their advantage. If you don’t have the mathematical skills to properly evaluate whether the spread is fair or skewed, you’re setting yourself up to overpay for options, leading to unnecessary losses.
4. Information and Tools: A Professional-Only Advantage
Another critical challenge is the vast difference in information and tools available to retail traders versus professionals. Institutional traders have access to data streams, proprietary tools, and execution platforms that the average trader can only dream of. They can monitor market sentiment, analyze volatility in real-time, and execute trades at lightning speed, often milliseconds faster than any retail investor.
These tools give professionals an enormous edge in identifying trends, hedging positions, and managing risk. Without them, individual traders are flying blind, trying to compete in an arena where the best information is reserved for the pros.
5. Volatility and Time Decay: The Ultimate Account Killers
Two of the most critical factors in options trading are volatility and time decay (known as theta). These are the silent killers of options accounts, and pros use them to their advantage.
Volatility: When volatility increases, option prices go up, which might sound great. However, volatility is unpredictable, and when it swings in the wrong direction, it can destroy your position’s value almost overnight. Professionals have sophisticated strategies to manage and hedge against volatility; most individual traders don’t.
Time Decay: Time is constantly working against you in options trading. Every day that passes, the value of an option slowly erodes, and as expiration approaches, this decay accelerates. For most retail traders, this is a ticking time bomb. Pros, on the other hand, know how to structure trades to profit from time decay, leaving amateurs at a disadvantage.
Conclusion: Trading Options Is No Easy Game
The challenges of options trading are real and significant. Between the advanced algorithms, the market makers’ advantages, the mathematical complexities of bid-ask spreads, and the tools and information reserved for professionals, the odds are stacked against you. Add to that the constant threat of volatility and time decay, and it’s clear that options trading is a difficult and often losing game for individual traders.
If you’re thinking about jumping into options trading, it’s crucial to understand the risks involved and recognize that the deck is stacked. To succeed, you need more than just a basic understanding—you need tools, strategy, and a deep awareness of how the pros operate. Without that, you're gambling, not trading.
FEAR: Your Biggest Trading EnemyFear is a natural emotion that affects all traders, whether beginners or experienced professionals. In trading, fear often stems from uncertainty, the potential for losses, and the volatility of financial markets. Left unchecked, fear can lead to poor decision-making, impulsive actions, and even significant financial losses. However, by understanding fear and learning how to manage it effectively, traders can improve their performance and build confidence over time.
Steps to Overcome Fear in Trading
Develop a Trading Plan
Having a well-structured trading plan provides clarity and reduces fear. A plan should include specific rules for entry and exit, risk management strategies, and profit targets. When you follow a plan, you take emotions out of decision-making and rely on data-driven strategies.
Stick to your plan: Trusting your trading strategy can reduce emotional decision-making, especially during times of market volatility or uncertainty.
Use Risk Management
Effective risk management can alleviate fear because it limits the potential downside of any trade. Traders should:
Set a stop-loss: Predetermine the maximum amount you are willing to lose on any trade. This not only limits losses but also takes the emotional pressure off monitoring trades.
Control position sizing: By using small position sizes relative to your account balance, you minimize the impact of any one trade, which can reduce fear and emotional stress.
Focus on Process, Not Outcomes
Instead of focusing on whether an individual trade is profitable, concentrate on executing trades according to your plan. Understand that losses are part of trading and that a single trade doesn't define your overall success.
Avoid emotional attachment to trades: Treat trading as a probabilistic game where losses and gains balance out over time if your strategy is sound.
Build Confidence with Knowledge
Fear often stems from uncertainty. The more knowledge and experience you gain, the more confident you’ll feel in your trading decisions. Spend time improving your understanding of:
Technical analysis: Learn to read charts, patterns, and indicators to make informed decisions.
Fundamental analysis: Understand the economic factors that drive market movements.
Regularly review your past trades, both successful and unsuccessful, to learn from mistakes and build confidence in your abilities.
Practice Patience and Discipline
Patience is crucial to avoid overtrading or jumping into trades impulsively. Fear can push you into making quick decisions, but staying disciplined ensures you wait for the right setups.
Discipline in following your trading plan and sticking to risk management rules can help control the emotional swings that come with fear. Staying patient allows trades to develop fully and increases the chances of success.
Accept Losses as Part of the Process
No trader wins 100% of the time, and understanding that losses are a natural part of trading can help reduce the fear of losing. Treat each loss as a learning experience rather than a failure.
Reframe your mindset from avoiding losses to managing losses. When you accept that losses will happen but you can limit their impact, fear becomes easier to handle.
Control Emotional Reactions
Mindfulness techniques: Practices like deep breathing, meditation, or taking regular breaks can help traders stay calm during high-pressure situations.
Avoid overreacting: If you experience a significant loss, avoid the temptation to enter a "revenge trade" to recover quickly. Emotional decisions can compound losses. Take a step back, review your plan, and re-enter the market with a clear mind.
Use a Trading Journal
Keeping a trading journal helps track your emotions, thought processes, and decision-making patterns. Over time, this can help identify fear-based behaviors and allow you to adjust accordingly. By reviewing your journal regularly, you can improve self-awareness and make better decisions.
Fear is a natural part of trading, but it doesn't have to control your actions. By developing a solid trading plan, practicing effective risk management, and building knowledge and discipline, traders can overcome fear and make more rational decisions. Over time, learning to accept losses and focusing on long-term strategies will help you manage fear and improve your overall trading success. Remember, the key to overcoming fear is consistent practice, self-awareness, and developing confidence in your abilities as a trader.
NVIDIA (NVDA) Rockets Higher! TP1 Hit, Eyes on More Gains!NVIDIA (NVDA) Long Trade (15m time frame)
Entry: $135.03
Current Price: $145.21 – Momentum strong as first target hit.
Key Levels:
Stop-Loss (SL): $131.88 – Below key support level to manage risk.
Take Profit 1 (TP1): $138.92 – First target hit, confirming upward trend.
Take Profit 2 (TP2): $145.21 – Next target likely to be reached soon.
Take Profit 3 (TP3): $151.50 – Key level for continued bullish momentum.
Take Profit 4 (TP4): $155.38 – Final target for this strong upward move.
Trade Outlook:
NVIDIA has surged after a clear entry signal at $135.03. With TP1 already achieved, bullish momentum remains intact, and we're aiming for the remaining targets as the stock pushes higher. The trend and technical setup suggest further gains are possible.
Nvidia Shares (NVDA) Close Above $140 for the First TimeNvidia Shares (NVDA) Close Above $140 for the First Time
As shown on the Nvidia (NVDA) stock chart, yesterday’s candle closed above the psychological level of $140 for the first time in history. This represents a price increase of over 186% since the beginning of 2024 and more than a ninefold rise since early 2023, following the launch of ChatGPT.
According to Benzinga:
→ Nvidia's shares continue to benefit from the surging demand for AI technologies, with hyperscalers buying its graphic chips in vast quantities to rapidly build data centres with advanced AI capabilities.
→ Nvidia’s CEO, Jensen Huang, has stated that the next-generation Blackwell GPU platform is in "insane" demand. Despite production being in full swing, the demand remains extraordinarily high.
On 16 October, while analysing Nvidia’s chart, we highlighted an upward channel (marked in blue) and noted the sharp reversal from the $140 level (indicated by a red arrow). However, we anticipated support from the area linked to the strong bullish candle from 7 October. This is because:
→ The psychological levels of $130 and $125 are located here.
→ This zone showed strong demand by breaking through a four-month resistance line (red), which may now act as support.
→ There’s also a bullish Fair Value Gap on the daily chart.
Our predictions of a record high following a rebound from the $125-$130 support area were accurate, but what lies ahead?
Last week, BofA Securities analyst Vivek Arya maintained a "Buy" rating for Nvidia, raising the target price from $165 to $190 after upgrading profit forecasts for 2025 and 2026. Arya particularly noted Taiwan Semiconductor Manufacturing Company Ltd.’s strong earnings.
Indeed, the robust fundamentals suggest the upward trend (in blue) could continue, possibly leading the price along the blue Resistance line, which divides the lower half of the channel into two equal parts.
Volatility spikes in the near future could be triggered by earnings reports from Nvidia’s clients this month, including Alphabet (GOOGL), Meta Platforms (META), and Microsoft (MSFT). Nvidia's own earnings report is due on 14 November.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NVDA Technical Analysis for Oct. 22, 2024Key Levels:
Resistance levels:
144.50: The highest resistance level on the chart, marking a significant upside target if the price continues to rise.
140.89: Another critical resistance level, where NVDA seems to be hovering close to, which could be tested soon if upward momentum persists.
139.15: A minor resistance, which was recently broken, indicating that NVDA is in a bullish move.
Support levels:
138.00: The nearest support level below the current price action, providing a cushion in case of a short-term pullback.
136.75: Another key support level that could provide a stronger base if NVDA drops from its current level.
130.00 and 128.75: These are lower support zones, representing significant areas of past price action that could become relevant if a more substantial correction occurs.
Trend and Price Action:
Bullish Breakout: NVDA has broken out of its descending trendline and is moving upwards strongly. This breakout could be indicative of bullish sentiment in the short term.
Ascending Momentum: The price is showing a strong move upward, clearing resistance levels with conviction. As long as the price remains above support levels, the trend should continue.
Volume Spike: There is a noticeable increase in volume as NVDA pushed higher, suggesting strong buying interest and momentum behind the upward movement.
Indicators:
MACD at the bottom show slight volatility but seem to reflect upward momentum, supporting the bullish price action.
Scenario 1: Continuation of Bullish Move
If NVDA can hold above 139.15 and break through 140.89, it could head toward the next resistance level at 144.50. A strong volume would support this move higher.
Scenario 2: Potential Pullback
If NVDA fails to maintain its current bullish momentum, watch for a pullback to 138.00 or 136.75, where it might find support and consolidate before attempting another upward push.
Recommendation:
Long positions could be entered if NVDA continues to hold above 139.15 and breaks through 140.89, targeting the next resistance levels around 144.50.
Short positions could be considered if NVDA retraces back below 138.00, with targets at 136.75 and possibly down to 130.00 in the case of a more substantial pullback.
Disclaimer:
This analysis is for educational purposes and not financial advice. Trading involves risk, and you should only invest funds you can afford to lose. Always perform your own research and consult with a financial advisor before making any trading decisions.
nivda symetric triangle waiting correction on small frames or retest triangle then enter this trade target 171$ stop loss 100$
Nvidia - New All Time High Is Coming!Nvidia ( NASDAQ:NVDA ) can rally another +50%:
Click chart above to see the detailed analysis👆🏻
After creating an expected correction of about -40%, Nvidia is now almost back to new all time highs, showing no signs of weakness despite the recent tech stock correction. If Nvidia creates a new all time high, it is quite likely that it will rally again, potentially all the way up to $400.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
NVDA THEY DOUBTED_THEY SOLD_THEY REGRET!!! MASSIVE MOVE INBOUND!NASDAQ:NVDA 🚨 RATING UPGRADE! 🚨
EVERY👏PULLBACK👏HAS👏BEEN👏A👏BLESSING
📈The charts don't lie and we just broke out of an ascending triangle pattern with a 73% success rate!
Technically and fundamentally, all signs are pointing higher on $NVDA! I'M UPGRADING NVDA TO:
OUTPERFORM 🟢
ANALYSIS BELOW: 👇
✅ Ascending Triangle Pattern Breakout (WK chart)
✅ MACD BULLISH Signal Cross
✅ RSI BULLISH Signal Cross
✅ Stochastic (Trend) climbing higher
✅ Blackwell INSANE DEMAND
✅ AI is just getting started
My 2026 Price Target is...🥁🥁🥁
🎯 $190
Not financial advice. 🖖
Will NVIDIA break the upper trend line of triangle?It looks likely that NVIDIA will break the upper trend line of the triangle in a few days unless some event rocks the market.
How Nvidia is Shaping the Future of AI in Everyday LifeWhile Nvidia is constantly making headlines for its stock performance, what really makes the company exciting is how its technology is shaping the future in ways most of us might not realise. Beyond just computer chips, Nvidia is building the brains behind some of the coolest advancements in artificial intelligence (AI)—from self-driving cars to smarter healthcare tools.
More Than Just Chips: Nvidia’s Bigger Vision
Nvidia has grown from being a graphics chipmaker into a leader in AI innovation. CEO Jensen Huang isn’t just thinking about today—he's focused on tomorrow’s world where AI touches nearly every aspect of life.
Think of healthcare : Nvidia’s processors are making it possible for doctors to get faster and more accurate results from medical imaging. Or consider logistics , where AI is helping companies manage complex supply chains more efficiently. And Nvidia’s technology is making this all possible.
Nvidia’s impact goes beyond healthcare and logistics. In the automotive industry , its Drive platform is transforming autonomous vehicles by enabling real-time decision-making and advanced safety features. Companies like Tesla and Mercedes-Benz rely on Nvidia’s technology to build the future of self-driving cars.
In entertainment and gaming , Nvidia’s GeForce GPUs are behind the most realistic, high-definition gaming experiences, as well as helping create stunning special effects in movies through faster rendering and improved graphics.
Retail is also benefiting from Nvidia’s AI technology. It’s being used to track customer behaviour, optimise supply chains, and even power cashier-less stores like Amazon Go, revolutionizing the way businesses operate.
Even in agriculture, Nvidia’s AI is making farming smarter. It’s used for precision agriculture, helping farmers monitor crop health through drones and sensors, reducing water use and maximising crop yields.
Why Big Companies Love Nvidia
It’s not just about cutting-edge tech. Big players like Meta, Amazon, and Microsoft are pouring billions into their AI projects —and they’re relying on Nvidia to power them. These companies are building their AI infrastructure with Nvidia’s help, making Nvidia’s chips a vital part of their operations. This explains why more than 40% of Nvidia’s revenue comes from these tech giants.
*Source: Observer.com
Challenges Ahead, But Nvidia is Ready
Of course, the road isn’t always smooth. Nvidia faces its share of obstacles, like dealing with export restrictions on its advanced AI chips. But the company has shown time and time again that it can handle challenges by expanding into new markets and finding creative solutions. Their confidence is clear—they’ve been buying up shares during market dips, showing they believe in the future of the company.
Looking at Nvidia’s Current Stock Performance
Currently, Nvidia's stock is trading around $138, reflecting its performance despite market volatility. Observing key price levels could provide insights into potential trading behavior.
Resistance Levels: What Could Slow Nvidia Down?
Resistance levels are price points where Nvidia might hit a ceiling, with more sellers than buyers, causing the price to struggle moving higher. Here are a few key levels to keep in mind:
$138-$140: This range represents a recent high where Nvidia's stock has been consolidating. A break above this level could indicate continued upward momentum, while failure to do so may suggest potential resistance at these prices.
$145: The next psychological barrier. If Nvidia can surpass this, it could open the door for even more growth.$145: This level may act as a psychological barrier for traders. A break above this point could suggest continued bullish sentiment, while failure to surpass it might indicate resistance.
$150-$155: Historically, round numbers like $150 act as major resistance points, attracting attention from traders. Nvidia has faced challenges at this level before, so this will be crucial to watch.
Support Levels: Where Could Nvidia Find Stability?
On the flip side, support levels are like safety nets for the stock—places where buying interest could step in to stop the price from falling further.
$130: Nvidia found some stability at this level in early October, so it could act as a short-term support.
$125: This is a more significant level that Nvidia recently bounced off of, making it a strong defense line.
$120: If the stock dips below $125, $120 is the next key level where buyers might step in.
$115-$110: In case of a deeper pullback, this range could act as a solid floor, as it has in the past, especially during uncertain market conditions.
Looking to the Future
While everyone’s talking about Nvidia possibly hitting a $4 trillion market cap, the real story is what’s next. Nvidia’s future could lie in quantum computing, 6G networks, and even technology we can’t fully imagine yet. One thing is for sure—Nvidia is poised to play a central role in the tech revolutions of tomorrow, but how the market price reacts remains uncertain.
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Bullish ContinuationHello All!
I've been liking Nvidia right now! It had such a clean retracement into the 78.6% on the Daily Fib. Created a Low, High, and a Higher Low testing the Failed Swing Line. On October 2nd, we got a new High Low before Nvidia finally breaking out of that area. It's still continuing to make Higher Highs and Higher Lows. On Tuesday, price came down to retest that Daily BOS area, and reversed right away. This has also given me to confidence to take the long.
Targets: 143.00 & 150.00 Longer term.
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
