Chart Pattern Analysis Of NVDA
K2 and K3 close upon the neck line,
It verified a fact that the previous downtrend had been reversed.
I will try to find opportunitites to buy it.
0R1I trade ideas
NVIDIA STRUCTURE Nvidia is a software and fabless company that designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system-on-a-chip units (SoCs) for the mobile computing and automotive market.
This is the structure we will be following, we will wait for prices to break above the weak high before we can make further decisions on what to do next.
Do well to like share and follow. Stay tuned for more updates.
NVDA BUY +++NVDA printing a buy signal on ichimoku cloud, we have overhead resistance at $125.60 and $128.73 but will likely test ath in coming weeks
NVDIA: th? t?ch favor?d by the drop in rat?s?HEllo.ThE nEw ratE cut cyclE pavEs thE way towards 200 tokEn.
I see an entry point for this stockBig volume at first 30 minute candle, and the price stays up, I believe in an uptrend
NVDA H&S FailureYesterday I explained there are two existing gaps on NVDA. If NVDA holds over 120, I believe we could see 124... after that it will depend on whether this will squeeze pre-earnings, which seems pretty possible. There are plenty people shorting NVDA so a squeeze is very possible.
NVDA also has a trend of failed H&S (visible before the last earnings). In order for me to truly believe this H&S is failing- I would want to see a breakthrough the 130's. Today will determine the first test. Holding over 120 is the goal -
A H&S failure means 200 inbound again.
I'm still in September calls but have trimmed a majority of them.
NVDA - Short Term Update - $118 Resistance - 08/15/2024NVDA is currently at the $118 resistance we discussed previously. I've moved that position to cash for the time being. Swinging some options in case we do get continuation to the upside, though. I'd like to see NVDA come back to $100 where I'd be buying back my equity but for now, just waiting to see what the price action does.
Short term upside targets if we break out of 118 would be 125, 130, 132.
To the downside, I'd see 112 as the first support, then 106 before ultimately seeing 100.
Taking profit felt good, now I will patiently wait for the market to do something on this historically bearish time period. August on average has a -4.45% return on the S&P since 1950, and Aug/Sep combined is an average return of -5.8%. October tends to be the best month to be a buyer with an average return of 4% after 2 months and 6% after 6 months.
NVDA L 150824**Trade Type:** long
**Ticker:** NVDA
**Entry Price:** 118.20
**Stop Loss:** 117.39
**Take Profit 1:** 119.91
**Take Profit 2:** 120.21
**Risk/Reward Ratio:** 2.11
**Timeframe:** 4h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
$NVDA Unpopular Opinion $85 Post EarningsThis is purely charting and does not pertain to earnings at all. But the charting of past highs and lows with fibonacci circles certainly appears as if we're setting up for a large leg down. After hitting the June highs, we've been bouncing between lines and using the pattern to chart the pattern - it winds up independently hitting after their earnings date of August 28th. Coincidence - absolutely. Interesting - absolutely.
NVDA: Reversing the Trend - D & W charts.The NVDA stock chart, viewed on both daily and weekly timeframes, presents a significant technical picture with clear pivot points and support levels that are shaping its current market behavior.
Daily Chart Analysis:
On the daily chart, NVIDIA has shown a bullish pivot point triggered near the $108.80 level, which has led to a rebound in the stock price. The move above this pivot suggests a potential shift in momentum, with the price now approaching the next resistance level around $120.16. This area may act as a psychological barrier, as it aligns with previous highs where sellers previously exerted pressure. The recent upward movement indicates a strong recovery from the $96.02 support level, which was a gap support, showing that buyers are stepping in to defend these lower prices.
Weekly Chart Analysis:
The weekly chart highlights the importance of the $97.40 level, near the gap support seen on the daily chart, which represents a major long-term support zone. This area has been tested as a resistance level in March 2024, and now it is a support level (Principle of Polarity), indicating its significance in the overall trend. The price's ability to stay above this level reinforces the bullish sentiment seen on the daily chart. Moreover, the proximity of the 21-week EMA to the current price suggests that this moving average could act as a dynamic support, helping to maintain the upward trajectory. Last week, the price did a false breakout from this key point.
Conclusion:
NVDA's recent price action is showing signs of recovery after testing critical support levels. The bullish pivot point on the daily chart is a key signal that could lead to further gains if the price can overcome the resistance at $120.16. On the weekly chart, the solid support around $97.40 provides a strong foundation for the stock's longer-term trend. For now, we should watch these levels closely as they will likely determine the next direction for NVIDIA's stock price. If the price manages to hold above the support and continue its ascent, it could signal a renewed bullish phase for the stock.
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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.
Broken out of downwards trend. Broken out of downwards trend with volume. Seems like a breakout from here to new highs. Previous ATH will be a resistance though.
NVDA Pull BackLooking for a pull back to 111-110, before possibly bouncing.
Keep in mind there's two gaps around 120-124.
There's a large H&S forming on the chart, which to me looks extremely bearish, however if earnings cause a failure - we could easily see NVDA go over 150.
I've been holding 9/20 145 calls that have been up- trimmed many and will be holding shorter term puts in the meantime as a hedge.
If the H&S plays out it will inevitably lead to 50... possibly lower.
However, NVDA is infamous for H&S failures, which happened last time pre-earnings.
NVDA L140824**Trade Type:** long
**Ticker:** NVDA
**Entry Price:** 116.48
**Stop Loss:** 115.38
**Take Profit 1:** 119.87
**Take Profit 2:** 121.76
**Risk/Reward Ratio:** 4
**Timeframe:** 1h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
NVDA L140824**Trade Type:** long
**Ticker:** NDDA
**Entry Price:** 116.48
**Stop Loss:** 115.38
**Take Profit 1:** 119.87
**Take Profit 2:** 121.76
**Risk/Reward Ratio:** 4
**Timeframe:** 1h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
NVDA stays in range before earning NASDAQ:NVDA
Analysis:
1. Price breaks bear trend with decreasing volume, indicating a possible false breakout. Interestingly, bear volume is decreasing, indicating loss of selling pressure.
2. Price gaps up since 12th Aug due to every news/data.
3. Price is too volatile and has been rising too fast, not sustainable if without a pullback. (Previously, the previous correction reversal, price moved up 16% followed by a pullback, and rose 12% in 2 weeks. Now, it rose 17% from the low, pullback, then 16% in
shorter time of 1.5 weeks.
🎯 Target Price: Between $108 to $119 before earning release.
BAT Pattern In NIVIDIAbat pattern in #NIVIDIA with target 95
current price: 116
Date: 13 Aug 2024
lets see what will happen
#Trading
#TradingSignals
NVIDIA Downtrend Line Breakout At $111.72 14.08.2024Apply risk management
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Disclaimer
NVDA Bullish Reversal Short TermTechnical Analysis
Chart Overview
Trend Analysis:
NVDA has been in a downward trend but is showing signs of recovery with a short-term upward channel developing.
The stock is making higher highs and higher lows, indicating a potential bullish reversal in the short term.
Support and Resistance Levels:
Immediate Support: Around $103.50 (marked by the red line).
Major Support: At $97.22, below the current price action and a key level for the bulls to defend.
Immediate Resistance: Around $107.96 (green line), a recent swing high.
Major Resistance: At $116.77 and $120.26. These are significant levels where the price has faced resistance in the past.
Volume Profile:
High Volume Node (HVN): There is significant trading activity around $105-$108, indicating a critical zone of interest.
Low Volume Node (LVN): Above $110, the volume thins out, suggesting a potential for quick price movement if the stock can break above this area.
Momentum Indicators:
MACD: The MACD line is above the signal line, suggesting bullish momentum, but the histogram indicates a possible weakening of this momentum.
Stochastic Oscillator: Currently in the overbought zone, signaling a potential pullback in the near term.
Price Action:
The price has been in an upward trajectory, recently breaking through a descending trendline resistance.
The recent price action suggests a bullish bias, with a potential test of the $110 level soon.
Market Data and Sentiment
Recent News and Catalysts:
Nvidia has been benefiting from the surge in demand for AI chips and related technologies.
Recent partnerships and new product releases could act as catalysts for further price appreciation.
Analyst Sentiment:
Most analysts are bullish on Nvidia, citing strong growth prospects in the AI and gaming sectors.
Price targets from major investment banks are generally higher than the current market price, reflecting positive sentiment.
Market Sentiment:
Social Media: Positive, with investors optimistic about Nvidia’s growth potential and market leadership in AI technology.
Institutional Investors: Many institutions are bullish on Nvidia, viewing it as a core holding for long-term growth portfolios.
Price Levels and Trading Blocks
Buy Block:
Strong buying interest is evident around the $100-$105 area, which is currently acting as a support zone.
Sell Block:
Sellers are likely to be active around the $110-$112 level, as indicated by the volume profile.
Entry and Exit Points
Bullish Scenario:
Entry Point: Consider entering a long position if the price sustains above $107.96 with strong volume.
Exit Point: Take profits around $110 and $116.77 levels.
Stop Loss: Place a stop loss below $105 to protect against downside risk.
Bearish Scenario:
Entry Point: Consider shorting if the price falls below $103.50 and fails to reclaim it.
Exit Point: Cover the short position around $100 and $97.22 levels.
Stop Loss: Place a stop loss above $106 to manage risk.
Key Levels to Watch
Breakout Level: A break above $110 could lead to a strong rally towards $116 and potentially $120.
Breakdown Level: A fall below $103.50 could lead to a retest of the $100 and $97.22 levels.
Trading Strategies
Scalping:
Look for quick trades within the $105-$110 range, buying on dips and selling on rallies.
Swing Trading:
Consider buying on pullbacks to the $103-$105 zone with a target of $110-$112.
A stop loss can be placed below $102.
Options Trading:
Call Options: For a bullish outlook, consider buying call options with a strike price near $110.
Put Options: If anticipating a decline, consider buying puts with a strike price around $100.
Conclusion
Nvidia (NVDA) appears to be in a short-term bullish phase, with potential for further upside if key resistance levels are broken. Monitoring the $107.96 resistance and the $103.50 support will be crucial in determining the stock’s direction for tomorrow and the upcoming week.
Disclaimer
The information provided in this analysis is for informational purposes only and does not constitute financial advice. Trading stocks and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Please consult with a financial advisor before making any trading or investment decisions.
Nvidia LongNvidia Share elliot wave analysis daily time period . This stock complete upside impulse wave and downside complete corrective and again start new impulse
Nvidia's Meteoric Rise: $420 Billion Added in Four Days
Nvidia Corporation has once again captured the world's attention, this time with a stunning market value surge. The tech titan, synonymous with the burgeoning artificial intelligence (AI) landscape, has added a staggering $420 billion market capitalization in just four trading days. This represents a 17% surge in its stock price, leaving investors and analysts alike in awe.
The rally comes on the heels of a tumultuous period for Nvidia shareholders. The stock had experienced a significant downturn, wiping out billions in market value. However, the recent rebound has been spectacular, propelling the company into the spotlight as a dominant force in the tech industry.
What's driving this incredible resurgence?
Several factors are likely contributing to Nvidia's meteoric rise. Primarily, the company is at the forefront of the AI revolution. Its high-performance graphics processing units (GPUs) have become the de facto standard for training complex AI models. As the demand for AI applications continues to explode across industries, from healthcare and finance to autonomous vehicles and gaming, Nvidia stands to benefit immensely.
Investor sentiment has also played a crucial role. The recent dip in the stock price created a buying opportunity for many, with investors recognizing the long-term potential of Nvidia in the AI space. As the company prepares to release its earnings report at the end of the month, anticipation is building, and investors are positioning themselves for potentially strong results.
It's important to note that Nvidia's performance has had a ripple effect on the broader market. The company has accounted for a significant portion of the S&P 500's gains during this period, highlighting its outsized influence. This has led to a more optimistic outlook among investors, as positive sentiment surrounding Nvidia has spread to other tech stocks.
While the recent surge is undoubtedly impressive, it's essential to approach it with a degree of caution. The stock market is inherently volatile, and past performance is not indicative of future results. Investors must conduct thorough research and consider their risk tolerance before making any investment decisions.
Looking ahead, market participants will continue to closely watch Nvidia's trajectory. The company's ability to maintain its technological leadership in the AI space and its capacity to capitalize on emerging opportunities will be key determinants of its future success.
As the world becomes increasingly reliant on AI, Nvidia's role as a key player in this transformative industry is likely to solidify, making it a company worth keeping a close eye on.
NVDA Short from Near wave 2 Target at $115.73Based on my EW counts, the fall from 20th Jun to 5th Aug is a 5-waves Wave 1. The move up from then to today, 13th Aug, forms a zigzag wave 2.
Based on 50% Fibonacci retracement of wave 1, and A=C for wave 2, we are able to get a convergence target of $115.73 on where wave 2 may end. A short entry from this price should be a good price for us to hold a position to ride a primary wave 3 down.
NVDA at the 50% retracement giving bullish vibes Nvda is look strong after it's recovered 50% of it's downside. 112 level is looking super strong but has to hold!
NVDA - Short Term Update - Resistance Zone IncomingFrom a short term perspective, NVDA may find significant resistance at the 117/118 level, and how it acts there will determine the coming months. What I want to see is a nice consolidation / falling wedge / falling channel from that zone to set up for more upside.
If we fallback into the channel I've defined, then likely we see further downside, even if just a bit, and we'll watch the waves from an EWT perspective and determine what we do moving forward.
Being an aggressive buyer back last Monday (black Monday?) was a good opportunity, especially long term. If you liked NVDA at $130, you should have loved it below $100. Certainly many scalping opportunities for the day traders, but wait for a quality setup and don't feel like you always have to be in a trade.
Have a great day everyone!
