Based on my understand this is how i see itMacro Trend line will be revisited.
$90 to $60 is the range.
NVDA trade ideas
NVIDIA Zigzag correctionIf wave C reaches a Fib 1.618 level of wave A then wave C can be a wave 3 of a 5-waves impulse and continue to go lower.
Disclaimer:
The information provided in this chart analysis is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and this analysis does not take into account your individual financial situation or investment objectives. Any financial decision you make based on this information are solely your responsibility. Please consult with a professional financial advisor before making any investment decisions.
Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes.
If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
NVDA: More Red AheadNVDA's SMAs are turning to the downside which means major selling ahead. NVDA is resting on the 45 SMA and when the 10 and 20 fall below the 45 SMA, PT1 is $107 and PT2 is $89. The 1.618 fib extension falls directly on May 31 support, so this target should be seen by as early as next week.
NVDA Set to Fall 50 percent Nvidia has been a wild one as of the last few years. AI has driven it to a very high valuation and based on past earnings its growth certainly warrants its price. But... the chart says that growth is going to slow at some point in the next 3 to 6 months. I believe ASMLs earnings show us that in the next year we should see a reduction in spending to build out semi infrastructure. That slowdown is likely to only be temporary but will constitute a pull back like the years before. NVDA is bound to have competitors enter the market, there is simply to much money to be made and their margins are not sustainable. As Jim Bezos has said, "your margin is our opportunity." Puts are far to expensive, it is best to observe the slowdown in future earnings reports and short other names in the sector. Good Luck everyone, a repeat of 2022 is coming but remember, it presented a great buying opportunity and will again!
Corrective High Level Double Bottom Developing in NVDA StockToday's engulfing low sets up a potential pattern low in NVDA. Shares are attempting to form a second pivot low for a high level double bottom that's developed off the 38% retracement level and as part of a 17% correction from recent all-time-highs.
If pattern fails, an actively managed spread will be used to accumulate shares near $100 and / or re-hedge bullishly, if a pre or earnings reaction in mid August allows.
Disclaimer: Current portfolio has an adjusted Aug 130/140 Collar with one point of downside risk and nine points of upside potential.
working toward 130It is one of the best companies for market cap, price sentiment, volatility, new products, record sales, and the beginning of a futuristic outlook that would allow it to stay above 120 and keep plugging away. Fundamentals are set in motion, looking for a higher high, but this is normal behavior after an almost 6% drop to regain a 2%+ recovery, and setting up for next week with indicators still working undertime, as are the analysts and the average target being much bigger than the current price inbetween upgrades.
What Technical Analysis Says Nvidia Stock Might Do From HereNvidia NASDAQ:NVDA is an interesting stock in that it’s up almost 185% over 12 months as of July 17 -- but has rallied and sold off over the past two months. So, what now?
Let’s see what the stock’s chart as of July 17 might show us:
The first thing you might notice is that NVDA hit a “basing period” from March into May, as denoted by the two pink horizontal lines above.
The stock then broke out around May 21, although a sell-off followed beginning around June 21.
This sell-off has been supported by the 38.2% Fibonacci retracement level of the earlier breakout, as denoted by the thick purple line at right in the above chart. It also looks to the stock's 50-day Simple Moving Average (SMA), as denoted by the thin blue line above.
Meanwhile, Nvidia’s Relative Strength Index (RSI) has moved into the neutral zone -- not even close to being in technically overbought or oversold territory – as shown in the blue box above.
Lastly, Nvidia’s daily Moving Average Convergence/Divergence chart (or “MACD”) is coming off of extended levels in June, with the histogram of the stock’s nine-day Exponential Moving Average (EMA) in negative territory for about a month now, as denoted by the green box above.
Separately, the MACD’s 12-day EMA remains below the 26-day EMA, as also seen in the green box above. This is historically a bearish pattern.
All in, NVDA might be trying to develop a new base of consolidation at recent levels before deciding on whether it's time to break out above the $141.40 level or head back down to its 200-day Simple Moving Average (the thin red line in the chart above).
But a word of caution. The stock might also be developing a so-called “double top” pattern, which could be seen as a pattern of bearish reversal.
Full disclosure: The author of this article was long Nvidia stock and Nvidia calls as of the time of this writing.
This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
NVIDIA Corporation _ Distribution _ Prices _ Early _ Next _ WeekNVIDIA Corporation _ Distribution _ Prices _ Early _ Next _ Week:
Sit back and relax NVIDIA must arrive at the following Distribution prices Next week.
$123.43
$124.34
$125.29
$124..49
$127.46
______________
$130.09
$130.13
$130.62
$131.55
$131.88
$132.30
$132.66
$133.22
_____________
$134.55
$135.37
$136.96
$137.96
$139.30
$140.81
$NVDA #MomentumPop #DoubleToppy #Badadadaaa #ShortinIt The get back to work at McDonald's "M" is showing up BIGLY...
NASDAQ:NVDA and SEMIS have seemed to "officially" lose momentum...
Big uptrend channel on SMH broke down and all its components as well... If no recovery by end of week puts are super playable... Personally looking to short the next "Dead Cat Bounce"...
"Trump Tweets" are playing pivotal with assumptions that he'll win rising... Taiwan, Taxes, Tariff , "Triple T's" for those in the know ;) ...
My crystal ball has been clouded since the assassination attempt... Take chart with grains of salt until I get this thing looked at...
- NoProfitsEasy
NVIDIA Bullish ContinuationA few area to watch in support of bullish continuation. Watch areas for bearish retracement.
NVDA Stock Price Recovers After 1.5-Month LowNVDA Stock Price Recovers After 1.5-Month Low
Yesterday, NVDA’s stock price fell to 116.61 – its lowest level since June 5th.
The bearish sentiment was triggered by Trump’s cautious remarks regarding the necessity to defend Taiwan from the threat of military action by China. The leading pre-election candidate suggested in a Bloomberg interview that the island should pay for US defensive support, leading to a drop in semiconductor manufacturers' stock prices: TSMC fell by 8%, and Nvidia shares dropped by 6.6% during yesterday's session, as its primary AI chip producer is Taiwan Semiconductor Manufacturing.
However, today in pre-market trading, NVDA's price is recovering, rising above $120 per share. How might the situation develop further?
Let us recall that on 10th July, we wrote about strong seller pressure above the $130 per share level. Since then, the price has declined by approximately 9%.
Technical analysis of NVDA’s chart today shows that:
→ Bears have twice (indicated by arrows) aggressively pushed the price down when it was above the mentioned level;
→ The price found support from the gap zone around the $115 level, where bulls broke through the May highs on June 4-5;
→ The price is still moving within the upward channel (shown in blue), but has dropped into the lower half;
→ Additionally, the price has formed a wide bearish gap with the upper boundary at $125.
Investor concerns should not only focus on Trump’s remarks but also on the fact that NVDA's price is underperforming the stock index, despite being a market leader in the first half of the year. If bears continue to hold the initiative, we may see signs of their aggression not from the $130 level, but from the $125 level – if this happens, the lower boundary of the current blue channel will be at risk of a breakout.
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.
BEARISH NVDAHI FRIENDS. As per my last post on this stock we saw the stock flying high in a long bur now looks ready for a sell as our wedge has been broken.sell now and ENJOY
Market Dynamics Part 2: How to Spot Distribution
Welcome to the second part of our two-part series on market dynamics, where we explore how underlying supply and demand impact price action.
In Part 1, we examined how to spot the Accumulation phase of the market cycle, where institutional investors quietly build their positions. Today, we're delving deep into the Distribution phase, a crucial period where these same investors begin to offload their shares. We will reveal the subtle clues that can help you identify the Distribution phase and better align your trades with the market's natural ebb and flow.
The Market Cycle Revisited
Let’s revisit the Market Cycle that we introduced in Part 1. The Distribution phase is characterised by sideways price movement as the institutional 'smart money' begin to sell their shares without wanting to cause a drastic price drop. This phase in the Market Cycle model precedes the Markdown phase, during which selling pressure intensifies.
The Market Cycle
Past performance is not a reliable indicator of future results
Why Spotting Distribution Matters
To quote the American economist Michael Hudson, "Stocks always go down much faster than they go up. That's why it's called a crash." This highlights the critical importance of the Distribution phase in the Market Cycle. Recognising this phase early can provide traders with several strategic advantages:
Strategic Entry and Exit: Spotting Distribution early allows traders to adjust their strategies based on emerging market conditions. For instance, if you're already long on a stock, early signs of Distribution might signal the need to exit your position to avoid potential losses. Conversely, for short sellers, identifying Distribution can present an opportunity to enter positions before a significant price drop.
Optimised Risk Management: During the mark down phase, market volatility often increases, with price movements becoming more erratic. By identifying Distribution early, traders can adjust their stop-loss levels and risk management strategies accordingly.
Trade Management: Early identification of Distribution can enhance your trade management practices. If you're long on a stock and start to see signs of Distribution, it might be beneficial to exit early, locking in profits before the market turns.
How to Spot Distribution
Traders should think of the Accumulation and Distribution phases of the Market Cycle as a game of deception. Institutional investors are masters at disguising their true intentions. During Accumulation, they quietly build positions, while during Distribution, they gradually offload them.
Here are some key indicators to help you spot Distribution:
1. Clustering of Swing Highs
During the Distribution phase, prices often form a series of swing highs that cluster together, with each high struggling to make significant progress beyond the previous one. This clustering signals resistance, as selling pressure increases and buyers fail to push the price higher. This pattern reflects the market's inability to sustain upward momentum and is a classic sign of Distribution.
2. Long-Tailed Candles
Long-tailed candles, particularly those with upper shadows, indicate weak daily closes. These candles form when prices rise during the trading session but then fall back down, closing near the session’s low. This pattern suggests that sellers are stepping in to push prices lower after a brief rally, highlighting the growing selling pressure typical of the Distribution phase.
3. Tightening Trading Range
As the Distribution phase progresses, you will often observe a tightening of the sideways trading range. This narrowing range reflects a balance between buying and selling pressures but leans towards an eventual breakout to the downside. The reduced volatility and compression of price action are indicative of the market preparing for a transition to the Markdown phase.
By focusing on these three key signs, traders can potentially gain a tactical edge in anticipating price movements and aligning their strategies accordingly.
Practical Examples
Nikola Corp (NKLA)
Here’s a great example of distribution occurring in Nikola. Notice the clustering of swing highs and the failure to make progress past previous swing highs. Also notice how we start to see multiple long-tailed candles which highlight weak daily closes. We then see a break of the tightening range leading to a prolonged markdown phase.
Past performance is not a reliable indicator of future results
Netflix (NFLX)
In this example we see Netflix start to form a tight sideways range characterised by a series of small swing highs. Notice the weak closes as resistance starts to form. The distribution phase leads to a short sharp markdown phase.
Past performance is not a reliable indicator of future results
Conclusion
We hope you enjoyed this two-part mini-series on market dynamics. By understanding the Accumulation and Distribution phases of the Market Cycle, traders can gain valuable insights into the subtle yet powerful forces driving price action.
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.
Hi, i'm trying to revisit the Nvidia Journey here i'm trying to do some historical analysis , trying to find some important historical patterns which impacted the Nvidia price movement then and still valid or might impact the future price movement
I' hv a strong believe that price move within the constraint of the historical patterns and form new one for the future
full analysis will take few days, today , i'm starting with simple tl/angles formed by the first 2 monthly candles , in next 3 graphics u will find the impact of these 2 angles
Chart Pattern Analysis Of NVDA
K2 and K3 obviously close below the uptrend line,
The supply is increasing.
A potential double top is on the way.
A nearest support is 0.382fib area.
I will try to buy it there.
And, I am still optimistic to the long-term bull market.
Short-126.8/Stop-130.7/Target-112.3
NVDA SELL+++ $100 comingVery bearish, SELL signal, trading under the cloud support, rallies are to be SOLD not bought in this overhyped bubble
Nvidia is back in the Target Box and Headed to test $111.33I want to make something clear. I have kept a purple arrow on my Nvidia chart for sometime. Purple is the color I associate my secondary expectations, or sometimes referred to as alternative. Black is my primary. All that means is the pattern has more than one outcome given the current price action we have.
In both cases, I expect price is to test the $111-$112 area, and that would be the normal area for a standard retracement. The precise price point of A=C for a measured move is $111.33.
There we should soon afterwards get important answers as to whether we extend lower, or find a bottom and head to new highs.
Chris
Descending triangle - Short term Bull, longer term BearSeems to be trading in a descending triangle pattern using $118 resistance level as the base.
I think we go up to the upper trend line at least one more time before the pattern completes.
Nvidia $NVDA to $97-$102 by August 16th - PUT$!Nvidia NASDAQ:NVDA , the A.I. Behemoth, and darling of the 2024 hype-cycle... POP!
With this -6% fall, NVDA has broken below that line of short term support. In my mind, this break has just solidified the 2nd WAVE to the downside.
I believe we'll experience some support around NVDA's 50-day moving average (-2.7%), but I stand behind my thesis that Nvidia stock falls to $102 by mid-august. It may even fall as low as $97 in order to re-test those prior March-April ceilings as new floors.
Always remember... You can fall A LOT faster than you can climb.
Our 8/16 $110 NVDA puts over at WAVE$ Capital are up +95% at the time of writing, and I think that they're just getting warmed up.
NVIDIA Up Again Soon?I don't think so, but keep an open mind. I heard a week ago Nancy Pelosi bought more, lol.
NVDA LongSemis down on rumors that Biden administration will be cutting down on chip exports to China.
Last time this occurred, semis shrugged it off in coming weeks.
Hoping for bounce at this multi-tested low. Tight stop, as confirmation of double-top formation could send the stock down to $105 levels.
Nvidia Climbs 155% While Facing AI Ethical CriticismNvidia remains a significant player in the AI industry, grouped with companies like Apple and Anthropic, which have been criticized for training their AI technologies by extracting subtitles from 173,536 YouTube videos across over 48,000 channels, including content from notable creators such as MrBeast and PewDiePie. This practice violates YouTube's terms by using content without creator consent, posing legal and ethical issues.
Financially, Nvidia's stock experienced a substantial 86% rise from mid-April to June, followed by a stabilization period with prices oscillating between $117 and $140. Despite this slowdown, the company's year-to-date growth is impressive at 155%, with a potential for stock values to climb past $150 if demand for AI continues to surge.
The ongoing ethical debate around AI data usage underscores the importance of regulatory compliance and maintaining trust in the tech industry's use of content. This dialogue is crucial for shaping future AI governance.
