NVDA Looks like it’s forming a pivot to change direction to upside, potential breakout incoming , holding long term uptrend, higher lows, holding 125 support level (bullish)
NVDA trade ideas
NVDA is squeezing in uptrend pattern, could retest all time highNvidia is forming a pivot, currently making higher low in a wedge, could break to the upside to retest all time highs
$NVDA range $153 region to $70sUpdate on the short idea:
Levels on the downside the same, timing was off.
Originally thought we'd top at $117.6. We ended up rejecting the resistance at $115.6 and going down to $107 and have since broken to new highs.
Now the chart has become much clearer with the recent price action.
Think we'll likely see another push higher tomorrow or early next week up into the $142-153ish region. Then after that, I think we'll retest the lows down in the low $70 region as price has largely just gone higher since the end of April and hasn't confirmed any support levels on the path up.
The major imbalance in the chart will get resolved to the downside. Months of gains will be wiped out quickly.
NVDA Bear FlagNVDA had a move up before the meeting today but it has weakened since. Still don't like shorting this thing but I'll watch closely for shorts on QQQ and other tech. If it breaks this bear flag here and can't hold $118 it could get out of hand, but so far bulls always seem to win on it.
NVDA YOU WERE WARNED! NASDAQ:NVDA Before & After charts: You were warned! 💥
✅BOUNCE OFF SUPPORT, INCLUDING 21 EMA 📈
✅9EMA BREAKOUT & RETEST
✅#NVDA DIPS GET BOUGHT UP WITH BOTH 👐
🎯$132.97 👊
NOT FINANCIAL ADVICE 🖖
NVIDIA - The BTFD MomentIt's time to buy the dip!
NVIDIA has been beaten up in the last few days.
Fast is fake, they say. And in this case, too, the motto is probably true.
We are venturing a speculative long trade in the direction of the open balance price range at around USD 136.
NVIDIA Reasons for execution
1)PWL & PML LIQUIDATION
2)+BOS external
3) Reversal between
4) &
5) 4.236 Fib Expansion
Nvidia Corporation (NVDA) Price Analysis: BEARISHHey everyone, welcome back to Insider Trader! Today, I'm analyzing Nvidia (NVDA) using ICT concepts. After a recent distribution phase, I'm expecting a bearish reversal. The price has hit an optimal trade entry at $128.40, and I’m looking at two downside targets: $77.14 by September 9, 2024, and $31.99 by January 21, 2025. Key levels include a sellside liquidity at $76.06 and a bullish order block around $34.58, which might provide support. Keep an eye on these targets and adjust your trades accordingly. If you found this helpful, like, share, and subscribe for more insights. Happy trading!
NVD4 who w4nts to se11?He11o.The bre4k of the ATH in M4rch 2024 at 100 units confirms the upw4rd trend for the rest of the ye4r if inf14tion rem4ins under contro1.
NVDA FIB CHANNEL NVDA has been respecting the fib channel from March 8 and closed above the 23.6 fib retracement & right under a key pivot point on the daily tf. a strong hold above $126.88 can make a move to a weekly pivot point level at $132.84 and if bulls can sustain above $133.03, ATH comes in a flash
Above $126.88 -->$132.84 --> $133.03 --> ATH
Under $126.88 --> $125.38 --> $124.05 --> $122.45 --.$120.89
NVDA bullish with MACD line crossing above the signal line.4-Hour Chart Analysis
Trend Lines and Channels:
The chart shows a significant uptrend channel, indicated by the parallel lines. NVDA has recently tested the lower boundary of this channel and bounced back.
This bounce suggests potential strength and a continuation of the upward trend.
Support and Resistance Levels:
Support Levels:
Current Support: $116.67
Secondary Support: $91.69
Resistance Levels:
Immediate Resistance: $127.24
Secondary Resistance: $141.00 - $140.98
Volume Profile:
The volume profile indicates a high volume area around $127.24. This level acts as a significant resistance, where a lot of trading activity has occurred, potentially creating a hurdle for upward movement.
Moving Averages:
The chart shows the use of moving averages (typically 50-period and 200-period). The price is near these moving averages, which could act as dynamic support or resistance.
MACD (Moving Average Convergence Divergence):
The MACD is currently showing a bullish crossover, with the MACD line crossing above the signal line. This suggests bullish momentum is building up.
Trading Strategy Suggestion
Bullish Case:
If NVDA breaks above the immediate resistance at $127.24 with strong volume, it can be a good entry point for a long position.
Set a stop-loss below the recent swing low, around $116.67, to manage risk.
Target the next resistance level at $141.00 - $140.98.
Bearish Case:
If NVDA fails to break above $127.24 and starts showing weakness, consider a short position.
Set a stop-loss above the immediate resistance at $127.24.
Target the support level at $116.67, and if the price breaks below this, the next target could be $91.69.
Neutral Case:
If NVDA stays between $116.67 and $127.24, it may be best to wait for a clear breakout or breakdown before entering a trade.
Conclusion
NVDA shows potential bullish momentum with a recent bounce from the lower boundary of its uptrend channel. However, it faces significant resistance at $127.24. Monitoring the price action around this level will be crucial for determining the next move. Always use proper risk management strategies when entering trades.
NVIDIA Price Pre/Post SplitGood Afternoon Traders,
Here is a copy of the price action prior to the 10/1 split.
Provided for historical reference
The stock should have been cooked prior to the split, but lets see how many can be enticed to buy at the new perceived lower prices.
Looking for the levels marked above and at current price to be tested with continuation or failure.
Have a nice day.
$NVDA #Nvidia Algorithm Buy Alert NASDAQ:NVDA #Nvidia Algorithm Buy Alert
Our algorithm gave a buy alert today, and we entered a long position at 09:45am for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NASDAQ:NVDA among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NASDAQ:NVDA
NVDA Possible Option Play - $126 Call expiring June 28, 2024Data Summary:
Open: 123.24
High: 126.50
Low: 118.04
Close: 125.76
Change: -0.81 (-0.64%)
Volume: 820.663M
Last Day Change: +7.65 (+6.48%)
SMA 50: 67.66
EMA 20: 98.03
Pivot Points:
Pivot R2: 131.91
Pivot R1: 128.85
Pivot S1: 120.39
Pivot S2: 114.99
Breakout SMA 21: 65.44
Technical Analysis:
Current Price Movement:
The stock is trading at 125.76, which is above the EMA 20 (98.03) and the SMA 50 (67.66), indicating a strong bullish trend.
The significant increase in the last day (+6.48%) shows strong buying momentum.
Pivot Points:
The stock is trading just below Pivot R1 (128.85), suggesting a key resistance level.
Support levels are at Pivot S1 (120.39) and Pivot S2 (114.99).
Volume:
The volume of 820.663M is significantly high, indicating strong trading activity and interest in the stock.
Preferred Option Play:
Call Option Play:
Buy NVDA $126 Call expiring June 28, 2024
Last Price: $4.10
Rationale:
The stock is showing strong bullish momentum, trading above key moving averages and near the resistance level.
A Call option leverages the potential upward movement towards the resistance levels.
Summary:
Based on the technical indicators and the current price being near resistance levels, a Call option is preferred to capture potential upward movement.
This strategy is speculative and should be considered with caution. Always consider your risk tolerance and consult with a financial advisor before making any trades.
NVDA ContinuationNVDA is giving a blue continuation signal after 3 days of sharp selling. It may need more time to flag, but the risk/reward favors the upside.
Nvda Trend break, first bounce. Where could we go? As long as nvda remains above 123 we can expect a potential rally to 132 area.
From here it is possible we see a rejection and a break of the last low down to 110$
This is my idea. I’d long against 122-121 as stoploss. Targeting 131.50-132
If we start rejecting 132 this is where I would go on a far out put for nvda against 134 for a target of 110
Nvidia panic over?Nvidia has bounced back today after its recent 16% drop from a record high reached just last Thursday.
For the first time in three days, it has broken above a prior day’s high.
After finding good support from its 21-day exponential moving average around $120, and key support slightly lower at $118, today sees NVDA rise above Monday’s high of $124.45 to trade north of the $125 handle.
If Nvidia can hold onto its gains, ideally above Monday’s high, by the close of play today, then this will bode well for the rest of the week, boosting the appeal of the likes of Nasdaq 100. However, if the gains evaporate later on, then that would be a major warning sign for the bulls/longs.
But so far, it looks like it is resuming its long-term bullish trend after a bit of a pullback in recent days.
By Fawad Razaqzada, market analyst at FOREX.com
Time Peak of NVDA NVDA Rally up to peak time at 27 June 2024.
Price Pattern show up trend super cycle but time of uptrend Mar 2020-Dec 2022.
Last time of uptrend show ending into collection next time.
From $NVDA short trader to $NVDA bull trader.Greetings,
I am Fibonaccivix, many know me from my short trades on NASDAQ:NVDA minds, many don’t like me that are probably reading this
Though many new that are reading this, will only know me as a NVDA bull from the reading of this
In this chart you will see my aced short calls on NASDAQ:NVDA in which I loaded on a combination of direct puts and or GETTEX:NVD granite shares short calls ITM OTM options trades. I presented my cases as a bear and gave warnings to keeping open trades the entire time some heeded the warnings others didn’t. I know what I’m doing this is how I make money.
Now I present this case to the bears and short traders of NASDAQ:NVDA and now I give them a warning.
Do not short this stock, you will lose.
It is now the worlds most valuable public company and may be that stability for the soon to be economic downturn:
Facts:
Nvidia's market cap reaches over $3.3 trillion as stock rallies.
Demand for Nvidia's AI chips outstrips supply.
Nvidia's stock has nearly tripled in 2024.
The simple fact is if you bought this stock within 12 months with even a small investment you would be wealthy, they have split the stock again and now it’s rallying to higher highs and higher lows
Do not be fooled by the gaps, there is reason for that, so buying puts at those gaps is meaningless and you will lose money.
I am an options and stock trader I’ve been in the business for many years. I have people with hard feelings against me naturally for my short calls so I ask everyone to set those aside and for the bears to just don’t even bother.
I’m a buyer and investor as of today.
Hard times are coming and NVDA is not easily shaken.
During the 1930s Great Depression there were stocks that rallied contrary to the common belief that everything crashed
Examples below:
Container Corp. of America Packaging 37,199%
Truax Traer Coal Coal 30,503%
International Paper & Power Paper, hydroelectric power
People got rich holding these stocks during the worst of economic times.
Do not bother with FOMO or YOLO stocks you will lose money while you could have held NVDA with that same money and gotten rich.
*In the red boxes of my chart are the ranges I called and successfully shorted NVDA
*Green box potential target range on this fundamental and technical parabolic run
Nvidia in profit taking zone#Nvidia is one step away from an important correction!
Step #1 Price stretched far above its 36 month moving average (confirmed)
Step #2 Price and momentum fails to stay above rising trend lines (not confirmed)
#nvda #bitcoin #nasdaq
Ichimoku Watch: Nvidia Eyeing Ichimoku Cloud Support In three successive days of selling, triggered after a bearish outside reversal formed on Thursday last week from all-time highs of $140.76, Nvidia (ticker: NVDA) has shed approximately -15.0% from the peak.
The company’s market value dropped more than US$500 billion to US$2.91 trillion, consequently pulling the chipmaker back to third place after briefly becoming the most valuable company in the world and surpassing Microsoft (ticker: MSFT) and Apple (ticker: AAPL).
Behind the sell-off is a combination of the CEO, Jensen Huang, selling almost US$100 million worth of shares a handful of days before (and after) it became the world’s most valuable company, along with worries about the company’s effect on the broader stock market indexes, and profit-taking after what has been a meteoric rise.
Ichimoku Cloud Support
As can be seen from Nvidia's daily chart, the stock’s recent movement has easily crossed below the Conversion Line (blue at $129.40) and is fast approaching the Base Line (red at $116.28), which could deliver support.
However, should further downside develop, the Ichimoku Cloud support (made up of the Leading Span A at $122.95 and the Leading Span B at $108.23) could be seen as a logical downside target for sellers in this market at the moment. You will also see that the chart offers support at $96.77 around the Ichimoku support zone.
Price Direction?
While it is unlikely that the party is over for Nvidia, the current correction will likely be viewed as an opportunity to get in at cheaper prices. Dip buyers, therefore, may seek suitable support levels to enter this market long. The combination of support just below $100.00 at $96.77 and the Ichimoku Cloud support area could be worthy of the watchlist.
NVIDIA and TESLA peaks comparisonNVIDIA price movement between 3/8/2024 and 6/20/2024 corresponds to TESLA's between 1/25/2021 and 11/4/2021.
Let's see what will be next.
