Nvidia - History repeating itself?I drew the first leg of the trend and then copied the first leg and pasted it over our current trend. Is Nvidia history repeating the trend again?
NVDA trade ideas
Be prepared for a sharp drop in NVIDIA stock.There is good reasons to be careful in the stock market going forward for a while, and there are still no trees or shares that have grown all the way up into the sky. Although some stocks are starting to come pretty close now to making it.
Technical Analysis of NVIDIA Corporation (ticker on Nasdaq: NVDA)
NVIDIA Corp. (NVDA) is in a long-term rising trend (cf. weekly chart) and the share is now meeting technical resistance against the upper trend line in this long-term rising trend.
At the same time, various momentum indicators (in the weekly chart) and such as Stochastics, RSI and MACD now signal that the share is likely to face a downward correction in the short and medium term
In the event of a downward correction, there is now little technical support for the share, and a correction can thus be significant.
According to the long-term rising trend, the stock is now right up against the resistance level at the upper trend line of this long-term rising trend.
Yes, according to this long-term upward trend, the overall technical picture for the stock now indicates that it may well get a correction down towards the lower trend line in this upward trend, and down towards USD 35.00 - 50.00 during the next 3- 9 months.
The share is currently trading at around USD 127.00, and it may thus be heading for a sharp downward correction for the NVIDIA share over the next 3-9 months.
This is what the technical picture for the share now signals, and it is, as I said here, a picture that repeats itself among several of the largest IT companies now and for the stock market index Nasdaq Composite, that a major downward correction may be imminent.
It may sound extreme that some of the world's largest companies may see their shares correct sharply downwards and perhaps fall 30-70% within 3-9 months, but also remember that several of these shares have between 5-10 doubled itself during just the past two years.
It is typical for the stock market to 'exaggerate' both on the upside and on the downside, and hence very strong fluctuations on the stock exchange and individual shares.
Nvda being squeezedNvda is being squeezed which is forming a nice bull pennant. I expect it to break upwards and reach new highs within the coming weeks. The stock is bouncing off of the trendline and it could be up from here.
NVDA Breakdown Short IdeaNVDA looking weak on the daily charts and flushing down on the hourly charts here. This suggests a nice near term short trade idea.
NVDA at the bottom of parallel channelNVDA parallel channel analysis. This analysis is for informational purposes only.
NVDA Looks Good For Higher PricesLooking good for higher now that we are trading above the POC. We need to flip the VWAP into support next to really aim for the VAH (White Line).
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
NVDA at Critical Support Ahead of PowellThings were looking quite bullish this morning and still could be, but we're seeing a spike in volatility here leading into Powell's speech. I think it could easily go either way. Very simple trade idea for NVDA. It's right at support and I doubt it stays here for long.
Whichever direction it chooses, NQ will likely follow. I'm sort of getting a bad feeling for bulls, but that's just a feeling. Closing positions and waiting for Powell. Looks like we're gearing up for a big move, which is not what I expected so maybe not. I wouldn't think Powell is going to say anything significant, but being cautious just in case.
Stocks pairs trading: NVDA vs TSLALet's examine the trade potential for NVDA and TSLA by analyzing their key financial metrics and recent performance to determine reasons for going long on NVDA and short on TSLA.
Profitability Metrics:
NVDA: ROA of 70.10%, ROE of 115.66%
TSLA: ROA of 13.93%, ROE of 24.28%
NVDA demonstrates superior profitability metrics, reflecting efficient management and higher returns on both assets and equity compared to TSLA.
Performance Metrics:
NVDA: Perf Year of 179.65%, Perf YTD of 159.63%
TSLA: Perf Year of -7.01%, Perf YTD of 4.00%
NVDA's performance metrics significantly outperform TSLA, highlighting its strong market momentum driven by advancements in AI technology and strategic partnerships.
Recent News Highlights:
NVDA : Recently announced new AI and graphics products, and partnerships with companies like XPENG and MediaTek. Their Q2 fiscal 2024 results showed a substantial increase in revenue and operating income, bolstered by growth in AI and data centers
TSLA : Facing operational challenges and competitive pressures. Recent earnings reports highlighted a decrease in EPS Q/Q by 53.71%, and sales Q/Q dropped by 8.69%, indicating potential headwinds
Decision:
Long on 2 NVDA
Short on 1 TSLA
By focusing on NVDA’s superior growth prospects, profitability, and market performance, coupled with TSLA’s current operational challenges, this strategy aims to capitalize on NVDA's strengths while hedging against potential declines in TSLA.
NVDA breakdown possible129 below trendline breakdown possible
with can test 128/127/125.50/121 if sustain
Market Dynamics Part 1: How to Spot AccumulationIn this two-part series on market dynamics, we’ll delve into the concept of Accumulation — where institutions investors quietly build a position in a stock. Understanding and identifying this phase in the Market Cycle has the potential to give retail traders a much deeper understanding of price action.
Understanding Accumulation in the Market Cycle
The Market Cycle, developed by Richard D. Wyckoff, includes four phases: Accumulation, Markup, Distribution, and Markdown. The Accumulation phase is characterised by sideways price movement as the institutional ‘smart money’ accumulates shares without attracting too much attention. Recognising this phase early can potentially provide traders with opportunities to position themselves ahead of the crowd.
The Market Cycle
Past performance is not a reliable indicator of future results
Why Spotting Accumulation Matters
Identifying the Accumulation phase is pivotal for several compelling reasons:
• Strategic Early Entry: Catching the accumulation phase early is like finding a quiet beach before the crowds arrive—it allows traders to enter positions when prices are more favourable, enhancing overall trade timing.
• Optimised Risk Management: During accumulation, market volatility tends to diminish, enabling traders to establish tighter stop-loss levels. This creates the potential for improving the risk/reward characteristics of a trade.
• Aligning with Institutional Moves: Recognising the accumulation phase empowers traders to synchronise their strategies with institutional investors. This attempted alignment, while not always accurate, has the potential to place the tailwinds of institutional demand behind your trade.
How to Spot Accumulation
While the accumulation phase of the market cycle may appear almost indistinguishable from the distribution phase to the untrained eye, astute traders can uncover subtle clues that reveal the underlying dynamics at play:
1. Candle Patterns: Price action during accumulation typically manifests as a series of small-range candles with long lower shadows (indicating buying interest at lower prices) and occasional small inside days (where the range of the candle is within the previous day’s range).
2. Support Levels: During accumulation, price often finds support at key levels, such as previous swing lows or established support zones. These levels act as strategic buying points for institutional investors looking to accumulate positions at favourable prices.
3. Swings: A small series of higher swing lows during a period of consolidation can indicate that buyers are stepping in at higher prices, a hallmark of accumulation.
4. Relative Strength: Another indicator of accumulation is a stock's strength relative to its sector or the broader market. This strength is particularly noticeable in weaker market conditions, where stocks showing resilience or outperformance may indicate accumulation.
By understanding these nuanced signals amidst seemingly similar market phases, traders can potentially gain a tactical edge in anticipating price movements and aligning their strategies accordingly.
Practical Examples:
Tesla (TSLA)
Here’s a recent example of accumulation in Tesla. The stock formed a small sideways range characterised by a series of small candles. Support held firm as prices formed bullish candle patterns. This phase was marked by a series of higher swing lows, signalling intensified accumulation before prices eventually broke out into the markup phase on strong volume.
Past performance is not a reliable indicator of future results
Coinbase (COIN)
Coinbase’s accumulation phase followed a deep pullback. The first subtle sign was a bullish hammer candle, followed by a series of small sideways days. The market then retested the hammer candle lows, finding support. A small inside day pattern was followed by another bullish hammer candle. Two consecutive gap-up days took prices above the recent swing highs, signalling the start of the markup phase.
Past performance is not a reliable indicator of future results
Conclusion
The goal of price action trading is often to try and align your trades with the phases of the Market Cycle, ensuring you are moving in harmony with the market's natural ebb and flow. By focusing on specific market behaviours and patterns, you can potentially identify when “smart money” institutional traders are quietly positioning for the next directional move.
In Part 2 we will explore how to identify the Distribution phase, which is equally important for recognising when the market may be topping out and preparing for a downturn. Look out for more insights on Market Dynamics!
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NVDA - Corrective for sure, but when is the fall?Hey all,
Penny man here to collect a few pennies for my piggy bank. This looks like a text-book B wave corrective setup. Only question is do we fall from here or do we have one last leg up before falling?
Overall Bearish Price Target: $104
Reasons? 1.618 extension of leg A plus matches with significant daily VWAP level from the last significant bottom of a pullback we made earlier this year.
What you might see:
B wave's typically have a perfect setup that tricks investors that the resumption of the up trend will continue, only to make a lower-high and turn around. Personally, I really wanted to see the $130 range before having a decent pullback. But, expect to see analysts downgrading ratings, possible some bearish news in the coming weeks, will expedite the downturn exponentially once we clear the local low of $118.00.
NVDA to correct back to 122NVDA's chart needs to rebuild even if still more bullish legs to come - Most likely pulling back to 122 - we will reassess if a long trade is prudent depending if and how we get to 122 area
NVDA near longer term predictionNVDA near longer term prediction. This analysis is for informational purposes only.
Nividia - almost time to short!We have about 2 weeks to go until the market jumps up, and then dives down. This will give us an approximal double top in Nividia.
The FED minutes (beginning of July) and the FOMC rate meeting (end of July) will provide a whipsaw not unlike what happened with March 2020 pandemic. See my AMEX:SILJ and NYSE:NEM threads about the repeating fractal I found that shows another week down, two weeks up, and a crash.
After the crash the FED is going to lower rates considerably, so feel free to load up on Nividia 2 and 3 month OTM calls. Find them for $5 and flip them for 20x imo. This will be the last market rally then it will fall precipitously next year after the election.
If Biden wins we get CBDC's, if Trump or RFK Jr. wins we get a gold standard.
Nvidia's Circle-b Wave StatusThere's an old analytical adage that goes..." nothing confirms price action like confirmation ". Not too helpful in the short term trading sense, but in the larger picture perspective it sure makes a lot of sense. I can make a case based on where price came into the Fibonacci Retracement zone of the .786% for corrective action that got smacked down... has topped...
...however, in a B wave, confirmation only comes with a break of the circle a-wave low down in the $117 area. Its a good start but since this chart is sooooo bullish, wait for confirmation. A break of $117 brings $1.04-109 into view MINIMUM.
Best to all,
Chris
NVDA: Buy ideaOn NVDA we have the breakout of Belkhayate Iceberg and this means that we would have a high probability of seeing the market rise...
NVDA may turning hereNice cup and handle forms as well as MACD crosses up. Possibly push up previous highs then break up all time high
NVIDIA15 minute chart.
Price Excess with Adjustable Recovery indicator, ideal for trading price excesses.
Make up your mind before placing an order.
► Please boost, comment, subscribe!
NVIDIA Corporation_ Most _ Accurate _ Trading _ Strategy!NVIDIA Corporation_ Most _ Accurate _ Trading _ Strategy!
Pretty much the same as previous numbers! It is clear it will not be able to support Quarter 2, meaning we will be expecting a descending after the final distribution price.
Expect the following before Descending!
$130.93
$136.16
$136.64
Distribution Price: $140.14
NVDA Support TestNVDA broke below its ascending wedge and has a bearish look along with many other tech stocks for once today. I think this is a critical spot for NVDA, I'd say we should expect a bounce for now, but if it doesn't it'll likely lead to an even bigger move down, maybe all the way back to where this wedge started.
NVIDIAPrice is facing triple top resistance now. Sustaining the current level will give good move.
Buy above 128.25 with the stop loss of 126 for the targets 130, 132, 134.25 and 136.
Sell below 125 with the stop loss of 127 for the targets 123, 121 and 119.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NVDA 8 %it was in sell position .. now I'm wetting the price to be up than this line ..then i will go for All in
