$NVDA to sell off into ER Target $110I have technical reason to believe that NASDAQ:NVDA will selloff to $110
In the coming days,
My current exposure is SHORT via Puts.
Once at $110, I'll flip long.
Hopefully this happens in the next 5 days.
NVDA trade ideas
Nvidia (NVDA) Shares Among the Biggest LosersNvidia (NVDA) Shares Among the Biggest Losers
On July 31, US labour market data was released, which proved disappointing and contributed to a decline in the Nasdaq 100 index (US Tech 100 mini on FXOpen) by over 10% between August 1 and 5.
This heightens the importance of the upcoming labour market data release, scheduled for tomorrow (15:15-15:30 GMT+3). It seems that concerns are growing among market participants that the news could reveal further negative trends.
This could explain the sell-off that gripped the US stock market yesterday. The Nasdaq 100 index (US Tech 100 mini on FXOpen) dropped by more than 3%, with Nvidia (NVDA) shares losing over 9% of their value.
In the first half of 2024, NVDA was a growth leader, but now it is among the biggest decliners—a bearish signal that suggests the price decline could continue. If so, how significant could it be?
Technical analysis of Nvidia (NVDA) chart shows:
→ The price is forming an ascending channel (shown in blue) but has dropped to its lower boundary after the median line showed signs of resistance.
→ The bearish gap area around the $116 level could act as a resistance zone after the bears confirmed their control over the psychological $100 mark.
→ Alternatively, the outlines of a possible descending channel are shown in red. Today, NVDA's price is near its median line.
This suggests that the price might consolidate around the intersection of the blue channel's lower boundary and the red channel's median line.
Following this, it’s important to consider the least favorable scenario, where the descending channel takes precedence, implying a potential decline in NVDA's price below the psychological $100 level towards the lower boundary of the red channel.
Despite this, forecasts remain positive. Based on a Tipranks survey of 43 analysts, 39 recommend buying NVDA stock. Although the average price target for NVDA is $151.79 over the next 12 months, it's possible that these estimates may be revised down if the stock continues to underperform the market.
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.
Can the Tech Titan Weather the Storm?Nvidia, a leading force in artificial intelligence and semiconductor innovation, is now facing a critical juncture. The company has recently experienced a sharp decline in its stock price, compounded by an escalating antitrust investigation from the U.S. Department of Justice (DOJ). These challenges have sparked widespread concern about Nvidia's future and the broader implications for the tech industry.
The DOJ's probe centers on Nvidia's dominance in the AI chip market, with allegations of anti-competitive practices that may limit customer choices. The potential outcomes of this investigation could reshape Nvidia's business and influence the entire semiconductor landscape.
As Nvidia navigates these turbulent waters, its response will determine not only its own trajectory but also the future of AI-driven technologies. The company must address regulatory concerns, diversify its revenue streams, and continue to innovate if it hopes to maintain its leadership in the tech world.
In this time of uncertainty, Nvidia's ability to adapt and evolve will be crucial in determining whether it can emerge stronger or be eclipsed by emerging competitors.
H4 NVDA bearishIf you noticed from my previous analysis and made an entry at 92.12, NVDA gained a 43% profit. Now, NVDA has entered its consolidation phase. In my preliminary observation, I expect the price to return to 98.4. As long as the price does not break below the 90 level and create a ChoCh, the bullish trend will continue.
NVDA to lead market to marginal new highMy wave count and fibs show a little room up above where price should complete Minor 3 in the upper 140s, and my indicator shows hidden bullish divergence, while price has a lot of room before invalidating further upside. Play would be to short in the pink box.
NVIDIA BUY ZONES ACTIVE ?As posted before after the earnings report we’ve seen the stock drop from 127 to 105 after a blowout report. Here’s my current idea of a scenario
1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday
2. NVDA buy opportunities towards
$125-$140 or above
3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed.
4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area.
Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets.
This is a prediction. Good luck to all!
#NVDA : Analysis
Trend : Range/Sideways
Pattern : Symmetrical Triangle
Price may reach around 97.25. It may act as a support.
price may stay between (94- 129). So a ranging trend may be seen here.
NVDA BUY +++Way oversold on 4 hour and under time frames, hit fib .5 on daily should bounce back to $119.72 and $122.50 fib .618 in coming weeks being the loved cult stock it is I suspect a nice short squeeze dumped my puts and bought calls
Is NVDA Approaching $97?Nvidia's stock dropped 9.5% on Tuesday, marking the largest single-day market value loss for a U.S. company, as investor enthusiasm for AI cooled amidst a broad market selloff. Nvidia's market capitalization fell by $279 billion, reflecting growing caution around AI's potential, which had driven much of the year's stock market gains.
This downturn follows Nvidia's recent quarterly forecast, which didn't meet the high expectations of investors. Concerns about AI's slow payoff have also impacted other tech giants like Microsoft and Alphabet.
Despite the market turbulence, Nvidia is still up 118% for the year, though it is now trading at 34 times expected earnings, down from over 40 in June. The chip index is up 14% in 2024, slightly below the S&P 500's 16% gain. Investors remain cautious ahead of the Federal Reserve's upcoming interest rate decision and key labor market data.
Technical Overview
Recent Price Action: NVDA has experienced a significant sell-off, dropping 9.5% recently, which aligns with the bearish sentiment indicated in your chart. The stock has broken below key support levels, indicating a potential continuation of the downtrend.
Volume Profile: The volume profile suggests that there has been a high concentration of trading activity around the $120-$125 range. This area could act as a resistance zone if the stock attempts to bounce back. However, the price has now moved below this area, indicating weakness.
Support Levels:
Immediate Support: Around $97-$98, where the price may attempt to find a short-term floor.
Critical Support: If the stock fails to hold the $97 level, the next significant support is around $90.80.
Resistance Levels:
Immediate Resistance: At $116.77, which aligns with the recent breakdown level.
Stronger Resistance: Around $121.76 and $123.92, where previous trading activity was concentrated.
Stochastic Oscillator: The oscillator is showing oversold conditions, which could indicate a potential short-term bounce. However, oversold conditions can persist in a strong downtrend, so this may not be a reliable buy signal just yet.
Investor Confidence
Investor confidence in NVDA has clearly been shaken, as evidenced by the record one-day drop in market capitalization. The failure to meet lofty expectations in the recent quarterly forecast, combined with broader market concerns about the sustainability of AI-driven gains, has led to increased caution among investors.
Intraday and Short-Term Outlook
Bearish Bias: Given the sharp decline and the breakdown of key support levels, NVDA may continue to face selling pressure. A bounce back towards the $116-$121 range is possible, but it could struggle to break above this resistance due to weak investor sentiment.
Potential for a Bounce: If the stock stabilizes around the $97-$98 level, there could be a short-term opportunity for a bounce. However, this is more likely to be a dead cat bounce unless accompanied by a significant change in market sentiment or positive news.
Long-Term Outlook
Long-Term Caution: For long-term investors, the recent developments suggest caution. While NVDA remains a leader in AI and semiconductors, the current market conditions and investor skepticism may lead to further downside before a more stable bottom is found.
Buying Opportunities: Long-term investors might consider accumulating shares if the stock drops towards the $90-$97 range, but only if they are prepared for potential further declines. The key would be to watch for stabilization and a clear sign of investor confidence returning.
Conclusion
Near-Term Direction: The immediate direction for NVDA appears to be downward, with potential support around $97-$98 and a possible test of the $90-$91 range if selling pressure continues.
Investor Confidence: Confidence has been significantly eroded, and without a catalyst, NVDA may struggle to regain its previous highs in the near term.
Trading Strategy: For intraday traders, watch for potential bounces off the $97 level, but be ready to exit quickly if the stock shows signs of further weakness. For long-term investors, consider waiting for clearer signs of a bottom before adding to positions.
Nvidia - The -60% correction is starting!NASDAQ:NVDA is showing us multiple confluences which will lead to a massive move lower.
Be greedy when others are fearful and fearful when others are greedy. But on Nvidia we cannot be fearful yet - so far, the smaller timeframes are still bullish. Everything makes me believe though that we will see a significant move lower soon: Nvidia is retesting massive channel resistance, repeated the previous bullish cycles and is preparing for the next correction cycle!
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
higher lows, stairstep, many things going on for another runSetting itself up, the first September of the month hasn't been very friendly to bulls, but with consolidation taking place, and another wave movement, we could see low 100 to mid 100.
NVIDIA Remains BearishThis doesn't really look good for NVIDIA. The volume profiles in both the larger and the smaller picture look decidedly bearish. To the frustration of the bulls, there is still an untested Implied Fair Value gap (visible in the M5) at around USD 105.20, which “coincidentally” is located at the low of the Value Area of the upward movement since August 5.
For this short trade, we are initially waiting for a small retracement in the area of around USD 120.20 in order to optimize our RRR.
NVIDIA_ Corporation _ Sep _ Week 1 $ 2 _ Distribution _ Prices. NVIDIA_ Corporation _ Sep _ Week 1 $ 2 _ Distribution _ Prices.
Retest (drop) = $105.83, we will start ascending from here.
____________
Repeat cycle prices as follow:
$116.05
$120.54
$124.03
$125.60.
We take a short break!
NVIDIA chart weaknessesThe biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors.
NVIDIA is showing a weak RSI in the latest move-ups. It bounced from the 0.382 FIB level, but maybe it needs to find liquidity between the pivot line and again the 0.382 FIB level, somewhere around 90$.
NVIDIA Is Likely Heading To $100 zoneNVIDIA Is Likely Heading To $100 zone.
This asset is currently around Fib50. However, with this sell pressure, we may see NVDA down to $100.
Investors are looking for a perfect zone to load this for a buy again
NVDA buy+++++ NvDA is way o rails on 4 hour and under charts Heavily shorted cult stock id expect a short squeeze to $124 in coming week or two
NVIDIA Corporation (NVDA) Monthly Start Analysis - SeptemberOverall Trend: NVIDIA (NVDA) has been trading within a well-defined upward channel on its daily chart, which has guided the stock's price since late 2022. This channel underscores a strong, long-term uptrend.
Moving Averages:
Short-Term: The stock is currently consolidating around its short-term moving averages, which have acted as dynamic support. Despite the recent pullback, the bullish structure remains intact.
Long-Term: The long-term moving averages (likely the 50, 100, and 200-day) are situated below the current price, reinforcing the upward trend. These averages are aligned in a bullish order, suggesting continued strength in the stock.
Pullbacks and Corrections:
Recent Pullback: NVIDIA recently experienced a pullback from its recent highs, which is a healthy correction within an overall bull market. This pullback has brought the price toward the middle of the channel, where it appears to be finding support.
Technical Indicators:
MACD: The MACD indicator is showing a bearish crossover, indicating the potential for continued short-term downside. However, the MACD remains in positive territory, indicating that the broader trend is still positive.
RSI: The RSI has corrected from overbought levels and is now in a neutral zone, suggesting that there's still room for the stock to move higher without entering overbought territory again.
Recent News Impact:
AI and Chip Demand: Recently, NVIDIA has been in the spotlight due to its leadership in the AI space, especially with its GPUs being the backbone of many AI models and data centers. The ongoing demand for AI-driven applications, cloud computing, and machine learning has significantly boosted NVIDIA's revenues and growth outlook.
Earnings Reports: NVIDIA's latest earnings report surpassed analyst expectations, driven by the booming demand for AI chips. The company reported record revenues, particularly from its Data Center segment, which saw substantial growth year-over-year. This strong earnings performance has kept investor sentiment high, even amid broader market volatility.
Geopolitical Factors: There's been some concern about potential restrictions on chip exports to certain countries, which could impact NVIDIA's future revenue streams. However, the company has managed to mitigate these risks through diversification and expansion into different markets. This has been a factor in the recent volatility and pullback but hasn't significantly dampened the long-term outlook.
Product Launches: NVIDIA's continued innovation, particularly with its upcoming product launches in the AI and gaming sectors, is expected to keep the company ahead of the curve. Recent announcements regarding new GPUs and AI tools have been well-received by the market, further bolstering the stock's potential upside.
Prediction and Strategy:
Short-Term: In the short term, NVDA may continue to consolidate or experience a minor pullback until it finds solid support, possibly near the lower boundary of the upward channel or one of the key moving averages. Any significant news regarding AI advancements or geopolitical developments could cause short-term volatility.
Mid to Long-Term: Given the strong fundamentals and positive news flow, the long-term outlook for NVIDIA remains bullish. The ongoing demand for AI chips and data center products, combined with the company's innovative edge, suggests that the stock could continue to perform well. Investors might consider using any dips as buying opportunities, especially if driven by temporary market reactions to news.
Conclusion: NVIDIA remains in a strong uptrend, supported by both technical indicators and strong fundamentals. Recent news around AI demand, earnings beats, and new product launches continue to favor the bulls. While short-term volatility may arise from external factors, the long-term outlook is promising. Investors should monitor news flow closely and consider adding to positions on dips within the upward channel.
NVDA - Probable path for this pullbackI’m not bearish at all but this is a meaningful pullback before it’s heading for a new highs,imo.
Let’s see how it goes today and next week and there after around 100 (if it reaches)
7 Dimension Comprehensive Analysis FOR NVDAThis analysis focuses on a potential trade setup using the 7-Dimension Analysis approach on the Daily (D1) timeframe, with an additional H1 timeframe consideration for a counter-trade. Below is the detailed breakdown:
😇 7 Dimension Analysis
Time Frame: Daily (D1)
Swing Structure:
The overall structure is bullish, with the market having taken inducement and currently moving toward completing its corrective swing move. The corrective move is nearing its extreme levels, with one pullback already completed and a proper bearish internal structure observed.
An Extreme Order Block (OB) is marked as the Point of Interest (POI) right at the discounted zone of the swing, around the 80% Fibonacci level. This area also aligns with a prior demand zone where the last impulsive move started, making it a strong area of interest for a potential buy entry.
Pattern:
🟢 Chart Patterns:
A reversal pattern in the form of a Rounding Pattern is forming, with a higher low (HL) internal leg that could lead this swing further down before it potentially reverses.
🟢 Candle Patterns:
After a Tower Top, the candlesticks have broken out to the downside in a narrow range, accompanied by gaps and momentum. The breakout was followed up by an engulfing candle, with a Dark Cloud Cover pattern in play, signaling strong bearish control in the market at this point.
Volume:
🟢 Despite the corrective move, there hasn't been a drastic decrease in volume, suggesting that this move is still part of a corrective phase. This implies that a significant buying opportunity may present itself at the POI.
Momentum RSI:
🟢 The momentum has shifted into a sideways zone after a long rally, with a range shift having occurred. However, according to Andrew Cardwell’s RSI analysis (Grandfather-Father-Son module), the overall market sentiment remains extremely bullish, indicating that this down move could just be a correction, and buying at the POI would be advisable.
Volatility Bollinger Bands:
🟢 After an expansion phase, the market may take some time to cool down, so it's not surprising if the price enters a sideways or corrective range for some time at these levels.
Strength ADX:
The ADX also suggests that this is merely a corrective move, with a strong potential for continuation of the previous bullish trend after the correction.
Rating: ⭐⭐⭐⭐ (4 Stars)
Probability: 80%
This setup has a high probability, with strong indications that the corrective move will provide a buying opportunity at the identified POI.
Planned Entries:
Counter Trade Entry (Sell):
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ POI: Counter Trade Gap Down
💡 Decision: Sell Limit
🚀 Entry: 114.41
✋ Stop Loss: 120.1
🎯 Take Profit: 86.5
😊 Risk to Reward Ratio: 5RR
🕛 Expected Duration: 20 days
Main Trade Entry (Buy):
✔️ Entry Time Frame: Daily (D1)
✅ Entry TF Structure: Bullish
☑️ POI: Extreme POI
💡 Decision: Buy Limit
🚀 Entry: 87
✋ Stop Loss: 74
🎯 Take Profit: 180
😊 Risk to Reward Ratio: 7RR
🕛 Expected Duration: 60 to 180 Days
SUMMARY:
The analysis suggests a dual approach—first, a short-term counter-trade sell position based on the H1 structure with a favorable risk-to-reward ratio, followed by a long-term buy position in line with the bullish daily structure. The corrective phase in the daily timeframe is expected to present a strong buying opportunity at the identified POI, with a highly probable chance of significant upside thereafter. The two trade setups provide different time horizons and risk profiles, catering to both short-term traders and longer-term investors.
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart!
Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July.
This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53.
Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now!
Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77!
-Once Price confirms the Correction Wave, we see the RSI cross Above 50
-Price is now trading Above 200 EMA
*AREA OF CAUTION*
-Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!!
Earnings & Revenue Due Wednesday Aug. 28th.
NVDA is just getting started.
NASDAQ:NVDA
NVDA has been making headlines recently, with a significant bounce off support in the mid-90s and a successful breach of both the 100 and 50-day moving averages. This technical bullishness was further reinforced by the strong demand and growing penetration of AI into various markets.
However, the post-earnings retreat below the 50-day moving average has introduced a layer of uncertainty. While the overall technical picture remains positive, a closer look at the chart reveals an unfilled gap in the $109-$113 range. This gap represents a potential area of resistance that could hinder further upside momentum.
Filling the Gap and Reaching New Heights
If NVDA can successfully fill this gap, it could open the door for a more sustained upward trajectory. The stock's strong fundamentals, driven by the growing demand for AI and data center solutions, provide a solid foundation for continued price appreciation.
NVDA has recently broken above the upper resistance of a negative channel, but was unable to find support at these levels. Watch for this resistance to be broken again and serve as support for further upward movement.
NVDAOn 24HR If Nvdia pulls back and fills gap at 108 go long. Or we bounce from here and break downtrend .
NVDA Outlook💹 Stocks:
📈 Bullish Outlook:
NVIDIA has been breaking into new highs on our Weekly, Daily, and 4hr time frame.
Context time frame (1W): Price has been surfing above the 10ema and is showing strength.
Context time frame (1W): Price has brokedown into the 10ema and has showed a valid pulllback.
Validation time frame (1D): Price is showing strength and surfing above the 10/50/200 EMAs
Validation time frame (1D): Price has brokedown into the 10ema and has showed a valid pulllback.
Entry time frame (4hr): Price has brokedown into the 10ema and has showed a valid pulllback.
Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength.
Keeping an eye on this. 👁️
