Potential DoubleBottom FormingIdea is Price will retrace DOWN to 120ish area even blow Causing DOUBLE BOTTOM, then push up for buy Due to other confluences.
NVDA trade ideas
Technical Analysis for NVDA today 6/27/2024Support and Resistance Levels
Support Levels:
The lower line around 122.60 acts as a support level.
Another potential support level can be seen around 123.00 where there was a previous bounce.
Resistance Levels:
The lines around 124.50 and 124.54 indicate resistance levels.
The upper line around 126.56 is another key resistance.
Indicators and Observations
Volume:
The volume appears relatively high during significant price moves, indicating active trading.
Price Action:
The price appears to be consolidating between 123.00 and 124.50.
Premarket, NVDA is trading around 124.54, near a resistance level, which could either break upwards or be rejected downwards.
Predictions and Strategy for Today
Bullish Scenario: If NVDA breaks above the resistance at 124.54 with strong volume, it could move towards the next resistance at 126.56. A good entry point would be slightly above 124.54 after confirming the breakout.
Entry: 124.60 (confirming breakout)
Exit: 126.50 (near next resistance)
Stop Loss: 124.00 (in case of false breakout)
Bearish Scenario: If NVDA fails to break 124.54 and moves downwards, it could test the support at 122.60. A good entry point for a short position would be slightly below 124.00.
Entry: 123.90 (confirming breakdown)
Exit: 122.60 (near support)
Stop Loss: 124.50 (above resistance)
Conclusion
Current Price: Around 124.54 premarket
Support Levels: 122.60, 123.00
Resistance Levels: 124.54, 126.56
Predicted Move: Upward breakout above 124.54 or downward test of 122.60
The movement of NVDA today will highly depend on whether it can break the 124.54 resistance. If it does, look for an upward move. If not, prepare for a potential downward move towards the support levels.
NVDA: Continued SELLING AheadNividia put a top in at 140 and is trending downward. PT1 is 111, PT2 is 101.
NVDA bull flag forming ?Mac D is about to cross on 4H uptrend holding, holding 124 level potential breakout to upside
Has NVIDIA Found Its Bottom?Another long opportunity in NVIDIA. We remain skeptical about new ATHs for the time being, but it currently looks as if the NVIDIA share has found its bottom.
We are therefore focusing on long entries with modest TP levels.
Nvidia 3 month predictionNvidia will drop to testing zone and then rebound to similar prices after stock split rush, possibly hitting al time highs
NVIDIA Fake Breakout of 2018 and 2021 - BearishNVIDIA at an interesting spot, had a fake breakout which is usually a pretty bearish sign. Curious to see if this trendline can hold. Hard to fade this beast but this would be a good spot, it's been going parabolic so if it breaks that it's probably over for NVIDIA, insiders have also been selling massive amounts in the last month. Zoomed in pic below.
I wouldnt recommend holding or adding Nvidia shares in portfolioThe price of Nvidia shares has reached its maximum potential and appears to have hit a reversal point, with downward pressure anticipated. However, a nearby support level may make it challenging for the price to decrease significantly.
NVDA - NVIDIA Corp - Buy Idea 27.06.2024Here we see strong bullish impulse and there is a demand zone around the previous swing level. We expect the price to make retracement to the zone and to see pushback from the zone, the target will be the highest high, we may even see a new high. The movement we expect is around 46%.
easy NVDA playTheory only with Elliott, Fibonacci and no other mental blowjob shit, no weird spiral or quantitative theories, this idea of mine tells us that we are still in the middle of the 5th leg, and that the race will proceed because there is too much hype for AI to fall down, Nvidia is too profitable and the graph is proof of this, no excesses the data speaks for itself, nvidia is the chip leader and the demand is too much. ADX and Parabolic sar also tell us that the trend is destined to continue, therefore the target price is $200 and they are long
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 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.
