NVDA is it Breaking Out?Looks like NVDA is preparing for an upside breakout. Here are some key facts:-
The price is above it's 200DMA as well as has found recent support at the 50DMA.
Consistently making Higher Lows
1NVDA trade ideas
Nvidia next possible moveHi traders I decided to a serious look on nvidia as there is soo many weird graphs 📊 about,Nvidia it's still in a bull trend however some traders are confused n see some selling others buying which is normal,when I started trading I use to draw weirdo graphs until I invested more knowledge in how to follow the trend,am expecting nvidia to break that triangle in few weeks,if its necessary to test 104 again before breakout, if not it can break it this coming week#netflix,apple,Amazon,tesla,nvidia,msft,google don't over think n sell this stocks in 2024 without proper clear change of directions they are trending up since 2023 n they can close higher aswell.this years if we won't have any crash or recession do to war,other traders I talk about war they ask me why war in the market,war does affect markets n economy n can cz damage in interior economy that's why we need to find a way to stop the war that Israel started before it become world War as alot of countries are getting involved,but for now we still stick to the bull run cycle n under control,soo also understand if I comment on your post am not fighting you are welcome to come n comment below,anything against the trend without proper U.turn I disagree,you need to have a good specific reason to goo against the trend if is trending up or down n understanding it's pull back thanks😊
NVDA FOR BULL RUNLooking for break in structure as long as 116 area is not traced back
121 zone is fair value zone for entry.
Need to cross 130 area with momentum, entry on retest
Trade Idea -- NVIDIA Corporation (NVDA)The chart of NVIDIA (NVDA) is showing a potential breakout setup from its current consolidation. The stock is trading within an upward channel, with resistance levels marked around 127. A breakout above 127 could signal the start of new bullish momentum, potentially leading to a continuation of the stock’s longer-term uptrend. This level has been tested several times, and a strong move above it may trigger further buying interest, especially if accompanied by rising volume. The trend line support below offers a key area to watch in case of a pullback before any breakout confirmation.
NVDA price has shifted on monthly data -- not favoring BULLS.NASDAQ:NVDA (NVIDIA Corporation)
Shorter's paradise.
Monthly shift has been spotted. NVDA needs to break 500 to preserve hope for upside continuation. Otherwise, the other side will be their season.
If breakdown continues, a target at 300 levels is the goal. I'm still hopeful for a turnaround.
Net negative volume is quite significant conveying bear dominance.
Spotted at 430
TAYOR
Safeguard funds always.
NVDA Consolidates & Setting up for a bigger move. NVDA Flag. Bullish above the recent highs.
***NOT a financial advice. For educational purpose only.***
Bearish on NVDA to $50 areaMy favorite setup of all time. The broadening wedge. Shorting the top up here.
30 Min- 5 Min NVDA We are Going Up But to Where ???? Good morning Traders
Everyone has a coffee in hand lets get into it
So in the video I break down a bit more wave counting, a few projections on where we are going up and where we might encounter some resistance plus our thesis is still in check on hitting 128-129 zone like we discussed before.
Enjoy
MB trader
NVDA: Buy ideaBuy idea on NVDA as you can see on the chart if only if we have a breakout with force the vwap and the RL by a big green candle.
Is $NVDA breaking out of an ascending triangle?Is NASDAQ:NVDA breaking out of an ascending triangle — often a sign of continued bullish momentum? Volume will be key to confirm this move. I keep an eye on NASDAQ:SMH , the semiconductor ETF, as it's also gaining strength yesterday, after a pullback recently.
Are you seeing the same breakout? Let's chat!
TA for NVDA Tomorrow 10/4/2024Price Action Overview:
NVDA has recently broken out of a descending wedge, which is typically a bullish pattern. The stock has been testing the resistance zone near $122.40 - $122.76 and is consolidating slightly above this level. Volume is showing a potential shift in momentum after the breakout.
Key Support Levels:
$122.40 - $122.76: Current short-term support where the stock is consolidating. If NVDA holds this zone, it could fuel further upside momentum.
$118.85: A key support level within the wedge structure. If NVDA pulls back, this would be the next area to watch for a potential bounce.
$114.70 - $114.76: Strong support at the base of the wedge. This would be critical if NVDA sees a stronger pullback.
Key Resistance Levels:
$126.00 - $127.00: First resistance zone above the current price. If NVDA clears this, expect a potential continuation toward higher levels.
$130.00: Psychological level and a potential target if the bullish momentum strengthens.
Entry/Exit Points:
Entry (Bullish): Look for a break and hold above $126.00. This would confirm strength and provide an entry for a potential run to the next resistance at $130.00.
Entry (Bearish): A failure to hold above $122.40 could signal a pullback toward $118.85, offering a potential short entry.
Exit (Bullish): If entering around $126.00, look to exit or take profits near $130.00 or higher, depending on momentum.
Exit (Bearish): If entering below $122.40, consider exiting near the key support around $118.85 or $114.70.
Directional Suggestion:
Bullish Bias: With the recent breakout of the descending wedge, the overall sentiment leans bullish. A hold above $122.40 suggests a continuation upward, and a break above $126.00 would confirm further strength.
Bearish Scenario: If NVDA fails to hold above $122.40 and slips back into the wedge, a pullback to the $118.85 or $114.70 zone could occur.
This setup offers both bullish and bearish opportunities, with a key focus on whether NVDA can hold above its breakout level or face rejection at resistance. Always watch for confirmation and manage risk accordingly.
Let me know if you'd like any further insights!
[NVDA] Give it another tryThere's a beautiful pattern on NASDAQ:NVDA daily chart about to complete. The 1st attempt was failed, now it wants to give another try.
MACD downtrend line has been broken...usually price follow suit...but in the market, always prepare for the un-norm.
Cherio...
NVDAThe growth potential here is limited — we're approaching the end of the ending diagonal. After that, I expect a significant correction.
Whether it will be a correction of the entire impulse or an extension of the final fifth subwaves will depend on the depth and duration of the anticipated pullback.
Nividia: Will we reach 128.70 ? I Believe We CAN Good morning Traders
MB Trader here checking into see how everyone is going
So the game plan today is:
1) Do some wave counting; we all love a little bit of wave counting to figure out where we are in the market
2) Do some projections figuring out where are we going up ?
3) Do some micro projections to figure out the different areas of resistance and where that will be
Enjoy traders and remember I love your comments, feedback and anything else you want me to make videos on
Happy Hunting For Those Trades
Remember trade what you see not what you assume
MB Trader
Nvidia Stock Analysis: Demand for AI Chips Fuel Bullish MomentumNvidia’s meteoric rise in 2024 has been nothing short of remarkable, fueled by the surging demand for its AI chips. Nvidia CEO Jensen Huang described this demand as "insane" during an interview with CNBC, sparking even more excitement around the chipmaker’s stock. As of Thursday's premarket trading, Nvidia shares are up 1.91%, and all eyes are on the company’s continued growth potential.
Insane Demand and Strategic Partnerships
Nvidia (NASDAQ: NASDAQ:NVDA ) has emerged as a global leader in AI infrastructure, with its next-generation Blackwell AI chips driving much of the growth. Huang's comments highlight the unprecedented demand for these AI chips as companies across various industries race to build out their AI capabilities. Nvidia’s strategic partnership with IT consulting firm Accenture is another critical factor driving growth. The collaboration aims to help businesses implement AI-powered solutions using Nvidia’s cutting-edge technology, further extending Nvidia’s reach into the enterprise AI market.
This partnership underscores Nvidia’s ability to build an ecosystem of AI-driven businesses, drawing comparisons to tech giants like Microsoft and Oracle. By expanding its AI infrastructure, Nvidia is ensuring its long-term dominance in the AI space, and investors are responding in kind. Nvidia’s stock has surged 140% year-to-date, far outpacing expectations.
Strong Financial Performance
Nvidia’s financials remain impressive. The company has consistently outperformed Wall Street’s projections, driving a rally in its stock price and contributing significantly to the broader market rally in the S&P 500. The expanded partnership with Accenture further solidifies Nvidia’s position as a dominant force in the AI landscape. Additionally, demand for AI chips from companies and governments alike continues to rise, making Nvidia the go-to choice for building AI infrastructure.
Nvidia’s massive year-to-date gains have been driven by demand across various sectors for AI solutions, cementing its place at the center of the AI revolution. This success is only expected to continue as Nvidia rolls out more advanced chips and expands its partnerships.
Technical Outlook
From a technical perspective, Nvidia’s stock is showing signs of even further upside potential. After peaking in June, NASDAQ:NVDA has been consolidating within a symmetrical triangle pattern—a classic chart formation that suggests a period of consolidation followed by a significant move in the direction of the prevailing trend.
This pattern is a bullish signal, especially given Nvidia’s already strong uptrend in 2024. If Nvidia’s stock breaks above the triangle's resistance level, the technicals point to further upside. Key price targets to watch are $128 and $139
### **Support Levels: Key Breakdown Area to Watch**
Despite Nvidia’s strong bullish momentum, it’s important to consider potential downside risks, particularly in light of the stock’s history of price fluctuations. The key support levels to watch are $110 and $97, which aligns with a trendline linking the March peaks and the 200-day moving average. This area could provide a safety net if Nvidia (NASDAQ: NASDAQ:NVDA ) faces short-term selling pressure.
Conclusion
Nvidia paints a compelling picture for long-term investors. The ongoing surge in demand for AI chips, coupled with Nvidia’s strategic expansion into enterprise AI through partnerships like the one with Accenture, sets the stage for continued success.
With Nvidia’s stock forming a bullish symmetrical triangle pattern and key price targets pointing to significant upside, now may be the time for investors to ride the wave of this AI-powered growth story. However, investors should also be mindful of potential support areas in the event of short-term volatility. All in all, Nvidia (NASDAQ: NASDAQ:NVDA ) is primed for continued dominance in the AI chip market, and the stock's technicals suggest there's more room to run.
NVIDIA Triangle Formation - Elliot WaveThe sideways consolidation resembles Elliot's triangle pattern, allowing us to design a few trading tactics. The greatest one is preparing to join the BREAKOUT at point D. Triangles are deceptive and can break in either direction, so it's always a good idea to wait for confirmation that aligns with other momentum indications. When shattered, the rally is bold and swift. Exciting!
NVDA (Nvidia) Technical Analysis for October 3, 2024:The Nvidia shows a corrective pullback that now seems to be attempting a rebound.
Key Levels:
Resistance:
$122.40 - A critical resistance level; Nvidia could see heavy selling here if it continues the upward movement.
$127.66 - A higher resistance, less likely to be tested unless the stock clears the previous key level at $122.40.
Support:
$117 - First line of support; previously tested.
$114.76 - Key structural support; breakdown here could open room for a deeper correction.
Price Action & Setup:
Nvidia has formed a descending wedge pattern, often indicative of a potential breakout.
Recent price action suggests Nvidia is testing resistance near $120.60, and a failure to break higher could result in a pullback to test lower levels around $117 or even $114.
Entry/Exit:
Entry: Potential short opportunity if the price fails to break $122.40. Alternatively, a break above $122.40 with momentum could offer a long setup, aiming for $127.60.
Exit: For shorts, target levels around $117 and $114. Long positions could take profit around $122-$127.
Reverse Head and shoulders1-3 month time frame, next earnings release could be catalyst along with recently launched open source AI tools.
Appears to be reverse h&s forming
$NVDA -trendline resistance at $123NVDA - Stock Up after hours after CEO mentioned company's Blackwell chip on schedule. Stock has trendline resistance at $123.50. looking for calls if that level breaks. Stock is strong on indicators.
NVDA Possible downtrendFrom the daily chart I see a possible rising wedge. New to trading would love to hear some other opinions or ideas.
