NVDA - still in the channel at the bottom - above 105Some people wanted a more clear trend channel chart, so here's it.
Will it drop to 96 or go to 110 ?
NVDA trade ideas
$NVDA heading toward critical support / LONG ENTRY @ SUPPORT NASDAQ:NVDA shares have traded lower after touching on previous target ($!40) highs.
Expecting the potential for more draw-down to $95 - $97, which keeps us at the midline for trend support (bullish).
Eyeing long opportunities at that support level, with firm stop-loss below.
Expect volatility with the TVC:VIX exploding to $29+ in today's trading session.
I am long NASDAQ:NVDA with a $32 cost basis..
Currently holding 3/25 expiration $130 calls with a 20% ROI, so far.
Will NVDA reach the BOTTOM next week? Target 95-97The old peak high would indicate a bounce off the zone of 95-97. Drawn out, it's likely to hit between 8/2 and 8/5, after the weekend. However, we know the market likes to trick, trap, fool, and frustrate.
So let's see how this plays out... In that range of 95-97, I'm buying calls for 2-3 weeks out.
NVDA Fill bids zoneFill bid zone starts at $100
Then $94.24
If bottom isn't there on this dip, then, 91
Or else- I'm wrong.
Close to the sell off?This could hit 94 and bounce from there. If it does, it might do a double bottom at 94 and rally towards 140. Must stay above 90s, otherwise 90 is your SL.
Time for a rug pull on this bubble stockDump the bubble stock on retail.
Yours sincerely,
Wall Street
5/22/24 - $nvda - long.5/22/24 - vrockstar - NASDAQ:NVDA - on many fronts the stock is objectively 'cheap' when considering their 1) lead 2) moat (this includes sofware/ cuda) and 3) growth rate and seemingly unending (for now) backlog. high 30s PE, not bad for one of a kind growing EPS 50% cagr for next few yrs, 20x sales? expensive but put it in cash FCF terms, 2% yield at the low end? defensible.
the rub this q seems to be the anticipation of the new blackwell chips that could hold back ST orders for 2H buys. but let's think this thru... whatever they report won't matter - right? it's about the future/ guide. and 1) a miss gets papered over by this guide and 2) a beat + this higher order backlog ships the stock higher. this is a name that basically won't relent until there's an observable problem or demand issue w/ compute. we're nowhere near that despite what people are saying about "ai being a bubble" - most of these are the same folks that still don't own CRYPTOCAP:BTC and say "i buy blockchain tech, but not bitcoin" and so are typically the lazy types that can't fathom being wrong. make no mistake there WILL be a point to sell your nvda for a better horse. but right now it's the fastest one by a large margin. i own this into print, and will dip buy any miss without a second thought.
it's more about size mgmt into the print, not whether you should own it at all. will eventually post my full val framework in the Q, but think the 1-2y tgt here is probably $2000-$3000k stock. there's a lot of juice left. short-term, i think upside probably limited to the low $1000's. so sub $1000 is a good risk beta.
gl fam, curious on your thoughts
Critical support 100 dmaA mentioned in my previous idea NVDA fell below a long term rising channel is has been in since October 2023. The next level of support I see is the 100DMA which it is approaching now around $103-$104. A break below this critical level could see significant further downside to around $75-$80. We will find out this week.
NVDA Trajectory if it follows CSCOThis is a time-accurate depiction of what NVDA could do if it follows the route CSCO took after the dot com bubble
Per David Levenson "At its peak, CSCO 5.5% of GDP, NVDA 11%. It's so obvious."
Chart Pattern Analysis Of NVDA
After K2 close below the uptrend line and tested the ice line,
K3 failed to break up or close below K2.
It seems that the bear force is losing its control to the market.
A consolidation is likely on the way.
The following candles will price up or price down to test the resistance or the support.
If the following candles close upon the ice line,
It is likely that the previous month scale bull market will regain its strength.
If the following candles close below the 0.5fib line,
It is likely that the present downtrend will keep expanding.
NVDA: Selling is Picking UpNVDA's monthly chart is showing me that there is a lot of downside still left. I was hoping for one last run up to 125 at least, but todays high marked the end of wave 2 and wave 3 down is beginning.
PT1 is 95, PT2 is 91
NVDA $105 good buying area to $120!See the channel formation bottom at ~105(has a large order block as well) at that area and expect to go to 119-120 from there with volume.
Nvidia - The tide is (finally) turning!NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction!
Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021...
Levels to watch: $55
Keep your long term vision,
Philip - BasicTrading
NVIDIA I expect an up move to the short zone NVIDIA I expect an up move to the short zone and then a down move to take profit 1 and then to the target
Nvidia Adds $330 Billion in a Single DayNvidia's stock valuation skyrocketed, adding $330 billion in a single day, surpassing its prior record gain of $277 billion.
This increase was fueled by Microsoft announcing a 60% increase in AI spending for 2024, totaling $69 billion.
Consequently, Nvidia's stock price surged nearly 13%, elevating its market cap to $2.88 trillion and making it the third-most valuable company globally, behind Apple and Microsoft.
Despite this record-setting performance, Nvidia faced a tumultuous July, with its stock price decreasing by 16% throughout the month, closing down 5% despite a partial recovery.
This decline reflected broader market volatility, as seen in the Nasdaq’s 1.5% drop. On Tuesday, Nvidia's shares dipped 7%, testing the crucial $100 support level.
However, the positive response to Microsoft's investment suggests Nvidia might maintain its momentum above this critical threshold.
Last month, the stock hit multiple highs, peaking at $140 on June 20, indicating strong market confidence. For Nvidia to surpass this record high, its stock would need an additional 20% gain.
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Can't keep NVDA down!What an impressive breakout! It was inevitable that a stock of such value would pivot towards success. I'm on the lookout for a retest to join in on the breakout.
nvda nvidiaLet Nvidia lead the way. #evidia #NVIDIA NASDAQ:NVDA only a #few cause and effect. #StockMarket #bearmarket #bearcycle #downtrend #myart #trader nvda
NVDA Long - Thoughts?Looking for thoughts...
The last extreme bottom on the MOM was a prior earnings move.
Great level has been tested!!!Notwithstanding the level has been tested, but have to wait for a buy signal (long position)
$NVDA ONCE IN A LIFETIME (WE DID IT TEAM)DO YOU SEE THE POWER OF FIBONACCI PYRAMID NOW?
They literally tagged the 618 after hours and EXPLODED 100.50 and RALLIED 20%!
Institutions love to use ROBOTS and ALGOS to pick up DISCOUNTS and this is MY FOCUS
I told yall I WILL PAY FORWARD MY GAINS
Drop a LIKE
$NVDA "10min" Candles "Reversal" #Tell #CoincidenceAlways looking for patterns, while short NASDAQ:NVDA today I noticed that the "10min Candles" with "Reversal Candles Indicator" are SPOT ON! , check for yourself.
THE CHART POSTED IS 15 MIN BECAUSE TV THINKS YOU CAN'T EXPLOIT IT #LongTerm
Change chart to 10 min candles, add reversal candlestick indicator, be PAYtient for SETUP then sow the profits...
Puke man turned out to be CEO Jensen LMAO
PS: Mentioned DCB (Dead cat bounce) numerous times on my other NVDA post...
-Prophecies
NVDA Hourly Chart Channel ResistanceNVDA is currently up 11% on the day with FOMC happening in a few hours. This 11% came from the tailwinds of the AMD earnings and we must not forget what happened the last few days of trading.
If the top channel here on the hourly chart confirms resistance, I think there is a high probability downside trade in the next couple hours and possibly into a longer swing trade.
