Nvidia Forming Support For Move To $237That's it, Nvidia is forming obvious support at $140. The stage is set for the move up to $237.
Good Luck!
NVD trade ideas
SHORT NVIDIA for a 15% Profit Target from yesterdays close...**NIVIDA** Failed to create a new High and Broke Support in yesterdays session on higher Volume circled below, see the stock falling at least another 15% from here dragging the S&P index with it, first target would be $110 with stop loss placed above all time high $152.90 ...
NVIDIA - Arguments For BearsAs in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear.
We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again.
- the "Trend Barrier Dow" was breached
- price reacted to the tick multiple times at the U-MLH (White Rectangle) (Upper-Medianline-Parallel). This is clear resistance.
- Price just filled the GAP from 3 Days ago, so it can continue in the opposite direction (down) again.
So, that's it.
You have 3 ways to play this:
Long, Short, Flat.
Earnings of such a Market influential underlying is a pure gamble. I grab some Pop-Corn and watch the show and see, which of the cases is wrong and right. §8-)
Happy Profits all
Nvidia (NVDA) Stock Drops Amid Investigation in ChinaNvidia (NVDA) Stock Drops Amid Investigation in China
On 21 November, our analysis of Nvidia (NVDA) stock price revealed:
→ The continuation of a long-term upward channel (illustrated in blue).
→ The significance of resistance at the psychological level of $150.
Since then, NVDA’s stock price has failed to surpass the highlighted resistance level, despite stock indices reaching record highs, indicating Nvidia's relative underperformance compared to the broader market. It seems the AI-driven rally may be losing steam.
Investor concerns were heightened yesterday by news that China has launched an antitrust investigation into Nvidia, suspecting the company of violating the country’s competition laws. In response, Nvidia stated that it complies with its obligations wherever it operates and is ready to cooperate with regulators.
Following this announcement, NVDA’s stock price experienced a modest decline, further reinforcing a bearish outlook.
Technical analysis of Nvidia (NVDA) stock chart indicates that if the price fluctuations since September are viewed as forming a channel with curved lines (drawn in black), it becomes evident (as marked by an arrow) that the lower line has shifted its role from support to resistance — a bearish signal.
In this context, the situation appears balanced, with buyers and sellers consolidating NVDA's price within a range of $132 to $150. The eventual breakout from this range could result in a significant swing—but in which direction?
According to TipRanks, analysts remain optimistic:
→ 37 out of 40 analysts recommend buying NVDA stock.
→ The average 12-month price target for NVDA is $176.
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.
NVDA Analysis: Momentum Play or Consolidation Phase?As of December 8, 2024, NVIDIA is trading at $141.92. Here’s a detailed analysis and trading strategy.
1. Fundamental Analysis: NVIDIA's Dominance in AI and GPUs
* Forward P/E Ratio: Approximately 29.5, reflecting a premium valuation indicative of strong growth expectations in AI, gaming, and data center markets.
* Expected EPS Growth: A projected 20% 5-year EPS growth, driven by rising AI adoption, autonomous vehicle technologies, and expanding cloud infrastructure.
* Expected Revenue Growth: Robust 18% 5-year CAGR, supported by leadership in GPUs and data center technology.
* Net Margins: 33.5%, demonstrating NVIDIA’s exceptional profitability, boosted by its high-margin GPU business.
Fundamental Rating: 9/10
NVIDIA is a market leader with strong growth potential, excellent profitability, and solid execution. Its valuation reflects these strengths but also leaves less room for margin of error.
2. Technical Analysis: Key Levels and Price Action
Support and Resistance Levels:
* Immediate Resistance: $152.87 (recent high and critical level for bullish continuation).
* Key Support: $132.14 (recent pullback zone and liquidity area).
* Major Support: $120.00 (historical demand zone and near the 200-day EMA).
Indicators:
* MACD: Bullish crossover in progress, but histogram suggests waning momentum.
* Moving Averages:
* 20-day EMA: Positioned at $138.50, providing short-term dynamic support.
* 50-day EMA: Positioned at $130.75, reinforcing a critical support zone.
Liquidity Zones & Order Blocks:
* Liquidity Zone: $132.14 to $138.50, where prior consolidation suggests buyer interest.
* Order Block: $125 to $132, highlighting a key accumulation area before the recent upward move.
3. Trading Plan: Playbook for Scalping and Swing Trades
Scalping Setup:
* Entry: Buy near $138.50 on pullbacks or on a breakout above $143 with strong volume.
* Target: $147.50 to $152.87 (resistance zone).
* Stop-Loss: $137 (below immediate support and 20-day EMA).
Swing Trading Setup:
* Entry: Accumulate near $132 for a longer-term play or wait for confirmation of a breakout above $152.87.
* Target: $160 to $170 for medium-term gains.
* Stop-Loss: Below $120 (key structural support).
4. Where NVDA Might Be Headed Next
NVIDIA is currently trading within a consolidation zone, with bullish momentum gradually returning. A breakout above $152.87 could lead to a retest of $160, while a failure to sustain above $132 might lead to further consolidation. Given its fundamental strength, any pullbacks should be seen as opportunities for accumulation by swing traders and investors.
Disclaimer
This analysis is for informational purposes only and not financial advice. Always do your own research and consult a financial advisor before trading.
SMCI To Follow Nividias Path?Looking at the chart above, we can see on the right how Nvidia has been trading within a channel since its existence, until recently it seen a break above and a clear re-test and continuation from this level, setting new boundaries for their stock price as a result of AI developments.
We can also see on the left SMCI, who's chart looks very similar, having just broken an retested that same upper channel resistance level before continuing higher.
Lets have a look at why this may be the case:
Super Micro Computer, Inc. (SMCI)
Focus: SMCI specializes in manufacturing high-performance servers and storage systems, including AI-optimized servers critical for mounting AI chips from companies like NVIDIA and AMD. They do not manufacture chips but complement chipmakers by enabling AI infrastructure development.
AI Expansion: SMCI has seen significant growth, with fiscal 2024 revenue reaching $14.94 billion (up 110% YoY). The company is leveraging partnerships with NVIDIA and AMD, tapping into the AI server market, which is projected to grow at an 18% CAGR until 2032.
Market Position: SMCI holds approximately 10% of the AI server market and aims to expand this to 17% in three years, driven by increasing demand for AI-powered hardware and systems.
Market Cap: Around $16 billion as of recent data. There’s significant growth potential as it rides the AI wave, potentially leading to valuations closer to NVIDIA’s over the long term, depending on market execution.
NVIDIA Corporation (NVDA)
Focus: NVIDIA dominates the AI chip market with its GPUs, which power most AI applications, including training large language models. The company also ventures into software and data-center solutions.
Recent Growth: NVIDIA reported $26 billion in Q1 2024 revenue, up 262% YoY, with EPS growth of 461%. Its dominant market position allows it to maintain pricing power and capitalize on increasing AI infrastructure investments.
Market Cap: [/b ] NVIDIA’s market cap exceeds $1 trillion, reflecting its status as a cornerstone of the AI industry. Its control of the AI chip market gives it an edge in capturing future demand as global AI investments grow.
Comparison and Growth Outlook
Complementary Roles: SMCI and NVIDIA are not direct competitors but operate in synergistic niches—NVIDIA supplies the chips, and SMCI builds the servers to host them.
Growth Potential: NVIDIA benefits from its unmatched dominance in AI chip technology, while SMCI has room to grow within the AI server market. Analysts predict SMCI will grow faster proportionally, given its smaller base and increasing market share ambitions.
AI Opportunity: The AI hardware market, including servers and chips, is expected to surpass $84.9 billion by 2031. SMCI and NVIDIA are positioned to capture significant portions of this market.
Future Market Cap Projections
SMCI: If it scales its AI server market share and revenue effectively, its valuation could rise significantly, potentially exceeding $50 billion within a few years.
NVIDIA: Sustained leadership in AI chips could push its market cap further, perhaps toward $2 trillion in a bullish AI adoption scenario.
Both companies are critical to AI infrastructure development and are positioned to benefit from global AI investments, but NVIDIA's established dominance contrasts with SMCI's emerging growth trajectory. Each offers unique investment opportunities tailored to different risk and growth profiles
NVDA Ascending Channel Insights: Key Scalping & Swing ZoneNVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan.
Market Structure Overview:
* Trend: NVDA is trading within an ascending channel, suggesting bullish momentum. However, the price is approaching resistance near $148-$150.
* Current Price Action: The last few candles show a slowing upward momentum, signaling potential consolidation or pullback.
* Key Levels:
* Resistance Zones: $148.55 (short-term), $152.89 (channel top and major resistance).
* Support Zones: $137.77 (critical swing low), $131.89 (channel bottom and potential bounce area).
Liquidity & Order Blocks:
* Liquidity Zones: Significant liquidity sits below $137.77, which could attract a stop hunt before a reversal.
* Order Blocks:
* Bullish OB: Around $137.77-$139, aligning with the last strong bullish breakout.
* Bearish OB: Near $148-$150, likely to act as a supply zone.
MACD & Volume Analysis:
* MACD: Shows a bearish divergence—momentum weakening while price trends higher. Watch for a cross below the signal line for confirmation of a pullback.
* Volume: Declining on recent upward moves, which may indicate waning bullish strength.
Scalping Strategy:
* Entry: Look for short scalps near $148-$150, especially if a rejection forms with bearish candles and MACD confirmation.
* Exit: Target $145-$144 for quick profits, with a tight stop-loss above $150.
* Stop-Loss: $150.50 to minimize risk in case of a breakout.
Swing Trading Strategy:
* Bullish Play: Wait for a pullback into the $137.77-$139 support zone. Enter long if bullish confirmation (e.g., hammer or engulfing candle) appears.
* Bearish Play: If price fails to break $150 and confirms a lower high, consider shorting with targets at $137.77.
* Stop-Loss: For longs, set at $137. For shorts, above $150.
Game Plan:
1. Pre-Market Prep:
* Mark key levels: $150 (resistance), $137.77 (support), and channel edges.
* Check for news or macro events affecting tech stocks.
2. At Market Open:
* Monitor initial price action for rejection or breakout near $148-$150.
* Look for high-volume moves to confirm trend direction.
3. Mid-Day Play:
* If price consolidates near the channel's midline, avoid overtrading.
* Focus on reacting to breakout or pullback scenarios.
4. EOD Exit:
* Close all scalping positions by the day's end to avoid overnight risk.
Likely Direction:
* Bullish Scenario: A breakout above $150 could push NVDA towards $152.89 or higher, aligning with the channel top.
* Bearish Scenario: Failure to sustain above $148 may lead to a retracement towards $137.77 for liquidity.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
NVDA to $180 or $190 in 35 days ?NVDA is re-entering an upward channel that began on August 5, 2024, when it hit a low of $90.69 following its 10:1 stock split. This movement coincides with the stock surpassing the key $140.76 high recorded on June 20, 2024, which we identify as the end of Wave 3 in its major bullish cycle .
After the Wave 4 correction , which took the price from $140.76 down to a low of $90.69 on August 5, 2024, NVDA appears to have started a Wave 5 . This wave has the potential to drive the price to $180.00, or even $190.00, possibly by Friday, January 17, 2025 , the last trading session before the inauguration of President Donald Trump.
Our Perspective on NVDA's Major Bullish Cycle
We divide this cycle into the following stages, based on Elliott Wave theory:
Wave 1
Period: May 13, 2016, to November 22, 2021
Price movement: from $1 to $34.65 (+3365%)
Wave 2
Period: November 22, 2021, to October 13, 2022
Price movement: from $34.65 to $10.81 (-68%)
Wave 3
Period: October 13, 2022, to June 20, 2024
Price movement: from $10.81 to $140.76 (+1202%)
Wave 4
Period: June 20, 2024, to August 5, 2024
Price movement: from $140.76 to $90.69 (-36%)
Wave 5 (in progress)
Estimated period: August 5, 2024, to January 17, 2025
Projected price movement: from $90.69 to $180.00 (channel midpoint) or $190.00 (channel top) (+100% projected).
Key Levels to Monitor
$180 as the channel midpoint , and $190 as the upper limit by January 17, 2025.
If NVDA exits the upward channel and breaks below $131, we will exit our position in the stock .
Our opinion is for educational purposes only and should not be considered a recommendation to buy. Before making any investment, consult with your financial advisor.
Top 5 Weekly Trade Ideas #1 - NVDA Head and ShouldersThis is looking like an epic setup for NVDA, make or break here. Recently we had a shorter term inverse H&S that failed, but the longer term H&S remains valid for now. We have several things going on here, all of which looks pretty clean.
To summarize:
- Major support at $131.50 that was previous resistance from August.
- Head and Shoulders with the neckline right at said support.
- Ascending wedge starting at the August low, price just barely broke below and closed below.
- Major pattern is still riding momentum off of the big triangle breakout, projected target of ~$170 has not been hit.
- Recent weakness, I'd call it extreme weakness considering what the mag 7 and names like AVGO have done while NVDA continues to fall.
So how do I intend to play it? The great thing about this setup is how clean everything is, should be fairly straightforward to trade. If the neckline/support at $131.50 doesn't hold, it's a short down to a retest of the triangle at minimum. If neither trendline from the triangle holds, next target is at $90. I'd call it good and reassess at that point, but eventually I expect $70 to hit and finally we'll see it move down to about $50 which will probably be near the major bottom.
If $131.50 holds, then the dump will be delayed to a future date, will look for longs instead. If it can bounce and reclaim the trendline from the August low, I'd look for longs on a retest there or any decent dips really. We may end up making a new ATH and hitting that $170 target from the triangle breakout. Should be a big move either way, definitely worth watching as it will have a big impact on the broader market as well.
NVDA - momentum down; price down or rangingNVDA:
Weekly:
-the momentum broke below a steady uptrend line
-price can still go sideways even when momentum goes down
-my s/r area is around 140; if NVDA pulls back, the 90 area may still hold
Note:
-I'm still not in nvda - I just like it as a proxy for the market
NVDIA: Eyes on the long term picture. $400 by end 2025.NVDIA is bearish on its 1D technical outlook (RSI = 40.887, MACD = -1.990, ADX = 34.084) but still neutral on 1W (RSI = 54.240), which outlines a strong long-term buy opportunity on this temporary medium-term weakness. The current situation is best viewed on the 1W timeframe where NVDIA has been experiencing since the June High a pause to its bullish trend as the price action turned sideways. This is a situation that the stock is familiar with as it has happened on every Cycle in the last 10 years.
The two past Cycles you can see on the chart had the same mid-way sideways consolidation, while at the same time the 1W RSI formed a Channel Down. In both cases the 1W MA50 supported, as it has now. With that trendline holding, NVDIA was able to resume the bullish trend to the 3.5 Fibonacci extension from the consolidation Rectangle. That Fib is now at $400 and that is technically this Cycle's target towards the end of 2025.
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NVIDIA 2 HOUR with fractrals drawn approaching 4.5NVIDIA 2 HOUR with fractrals drawn approaching 4.5 step. It seems slight bearish trend going to end of year
NVIDIA Breaks Key Support: H&S Pattern Targets $116.10NASDAQ:NVDA
NVDA just broke the $131.80 support zone, acting as the neckline for a head and shoulders pattern . Default targets for this pattern are now projected at $116.10, aligning with the 200% Fibonacci extension level and a convergence cluster of Fibonacci levels.
With the bearish butterfly pattern failing by just a few points, a further correction seems likely. As we approach the holiday season, watch for a potential upward trendline support below the convergence cluster—could this be the calm before a deeper dip?
NVIDIA (NVDA) broke the $131.80 support zone.
Default targets for this pattern are now projected at $116.10,.
As we near the holiday season, watch for a possible ascending trendline support below the convergence cluster, which could signal a reversal or continued downside.
Head and Shoulder patternNVDIA forming a head and shoulder pattern in the 4H. I will wait for a confirmation before targeting an entry for the downside.
Is the AI Revolution Built on a House of Cards?In the treacherous landscape of technological ambition, Nvidia emerges as a cautionary tale of unchecked corporate hubris and potentially unsustainable growth. What appeared to be an unstoppable technological juggernaut now reveals deep fissures in its seemingly impenetrable facade, with mounting challenges threatening to unravel its carefully constructed narrative of AI dominance. Specific challenges underscore this fragility: comments from Microsoft's Satya Nadella suggest a potential moderation in AI chip demand, while Alphabet's Sundar Pichai has highlighted that "the low-hanging fruit is gone" in AI model development.
Beneath the glossy veneer of technological innovation lies a troubling reality of regulatory scrutiny and market volatility. Nvidia faces a perfect storm of challenges: a potential slowdown in AI chip demand, an aggressive antitrust investigation by Chinese regulators, and growing skepticism from industry leaders. The competition is intensifying, with Amazon developing its own Trainium AI chips, and Broadcom positioning itself to capture significant market share with custom AI chip solutions projected to reach $90 billion in the next three years. OpenAI co-founder Ilya Sutskever's stark statement that "we've achieved peak data" further undermines the narrative of unbridled AI growth.
The broader implications are profound and deeply concerning. Nvidia's struggles represent a microcosm of the larger technological ecosystem—a world where innovation is increasingly constrained by geopolitical tensions, regulatory challenges, and the harsh economic realities of diminishing returns. Despite massive capital expenditures by tech giants—with Microsoft nearly doubling its spending to $20 billion and Meta increasing expenses by 36%—only 4% of US workers use AI daily. This stark disconnect between investment and actual utility exposes the potential fragility of Nvidia's market position, with analysts suggesting that 2024 may have been the peak in terms of percentage increase for AI-related infrastructure spending.
NVIDIA's Declined over 10%, Why? When will be the Buy timing? NVIDIA fell nearly 4% today before narrowing the loss to 1.22%. Since hitting a record closing high of $148.88 in early November, the AI chip maker's stock has dropped over 10%.
So, what is causing NVIDIA's decline?
Firstly, Supply Chain Issues and Challenges
NVIDIA faces multiple challenges in its supply chain, a significant factor in its stock decline.
First, according to the latest data, the order volume and schedules for the GB200 and GB300 have been adjusted. Particularly, the mass production and shipment of GB series products have been postponed until after the Lunar New Year in February, increasing market uncertainty. Additionally, the small-scale production plans for GB300 face tight deadlines, putting pressure on GB200's mass production.
Specific supply chain issues include CoWoS-L packaging technology, heating problems, copper cable connections, and leakage issues. These not only affect product yield rates but also increase system integration time costs. Consequently, NVIDIA has suggested customers purchase the B200 8-card HGX as a transitional solution, and clients like Microsoft are considering switching their orders. These supply chain issues affect NVIDIA's product delivery capabilities and reduce market expectations for its future performance.
Secondly, Market Competition and Narrative Changes
ASICs are gaining market recognition as a competitive narrative.
ASICs are chips designed for specific tasks, akin to custom running shoes for a race. For certain tasks, ASICs outperform NVIDIA's GPUs (widely used for computing tasks) and are potentially cheaper.
OpenAI co-founder Ilya and industry leaders like Microsoft's CEO Satya have started discussing the importance of not only training AI models but also ensuring they can quickly and accurately make decisions in real applications. This shift in perspective gives ASICs an advantage in some scenarios, as they are designed for rapid, precise execution of tasks.
This raises questions about the cost of NVIDIA's GPUs. While powerful, they are expensive and require significant electricity and cooling. As ASICs perform better at lower costs for some tasks, there's consideration of replacing NVIDIA's GPUs with ASICs.
Additionally, changes in scaling law narratives and the strengthening of inference narratives pose threats to NVIDIA.
Scaling laws suggest that increasing AI model size (e.g., more neurons or layers) typically improves performance, but these gains are not infinite and require significant computational resources. This means NVIDIA must continually invest resources to improve product performance, potentially increasing costs.
Moreover, companies like BTC, Tesla, and Google are investing heavily in their own AI chips or solutions. This intensifies market competition and challenges NVIDIA's leadership.
Thirdly, Market Sentiment and Capital Flows
Market sentiment and capital flow significantly impact NVIDIA's stock price. As the year ends, retail investors, ETFs, and institutions adjust their portfolios. Fluctuations in tech giants like Microsoft, Apple, and Google affect tech stocks like NVIDIA. Investors are more cautious, favoring stable, promising companies.
Given these conditions, NVIDIA faces pressure on its stock price due to supply chain issues and competition. Lowered expectations for NVIDIA's future performance lead to capital outflows and stock price declines.
Fourthly, Future Outlook and Catalysts
Despite current challenges, NVIDIA has opportunities for a turnaround.
First, NVIDIA needs to resolve supply chain issues, improve product yield, and delivery capabilities. Second, strengthening its presence in software and applications is crucial to addressing market competition. Additionally, NVIDIA should explore new computing narratives to expand its computing potential.
Fifthly, Technical Analysis and Price Divergence
Previously, prices rose continuously, but volume and KDJ began to decline, showing divergence. Without capital support, upward momentum was insufficient, leading to a short-term adjustment and a break below the mid-term trend line, resulting in a mid-term callback.
When Might a New Rally Occur?
From a technical analysis perspective: After two prior mid-term adjustments, breaking the downward trend line may signal the start of a new rally. Thus, this new rally must first break the resistance line.
From a catalyst perspective: While January's CES and the earnings release in late February may not bring major surprises, March's GTC is worth anticipating. NVIDIA needs to showcase new technologies and products at this event to restore market confidence. If NVIDIA can introduce groundbreaking innovations, a stock rebound is possible.
NVDA RANGE BOUNDWe have the resistance in and new phase of Quantum and AI stocks boosting gains QUBT, RZLV to name a few. Cheers!
HEAD & SHOULDER spotted?H&S spotted on NVDA , for this case , we will use $128-$130 as the H&S support.
if price break down below $128, will expect market dive down to 200MAs at $115 ,and next strong support would be sitting at $95 - $100.
if $128 supported well, we may expect a bounce up to $140 zone.
Pending for a confirmation.
Understanding Market Dynamics: When Effort Meets Resistance and volume dynamics. For instance, there are moments when stocks rise with high volume, yet the price barely moves. This phenomenon can be a critical signal for traders, reflecting the market's internal mechanics.
In general, there are four key states to observe in the relationship between price and volume:
High Volume, Low Price Movement – A potential sign of resistance or distribution.
Low Volume, High Price Movement – Indicates lack of conviction or speculative activity.
High Volume, High Price Movement – Suggests strength or accumulation.
Low Volume, Low Price Movement – Reflects consolidation or market indecision.
These dynamics highlight the importance of not just looking at price charts, but truly understanding the story they tell. Sometimes, the market signals "buy" during peak momentum, but soon after, prices find their way downward effortlessly, leaving behind effort without result—a classic sign of exhaustion or distribution phases.
Take NVIDIA as an example. While I currently avoid trading it due to its strong fundamental standing and lack of immediate alternatives, sometime fools can become smart when it's punpy ride. the chart itself reveals fascinating patterns. These patterns often follow the laws of physics—momentum, inertia, and resistance—all playing out visually in the markets.
Remember, this is not trading advice but an invitation to explore how combining technical and fundamental analysis can provide deeper insights into market behavior. Every trader should develop their own system and evaluate risk accordingly.
i don't know if it will go up or down, but as i see from the behavior of the price i can only guess :) let's find out
NVDA tapped outLooks like Nvidia is finally out of gas as its breaking this long term upwards trend. Not much support here so I think we see a correction towards $80.
NVDA in H&S & falling wedge patterns, and potential ST supportsNASDAQ:NVDA Swing Trading
Bearish short-term (no position) but bullish medium-long term.
Current Patterns
First, we see the price crossing the neckline of the Head and Shoulders (H&S) pattern on daily chart. The target price is at 110$, but not sure we reach this level. A close below the neckline would strongly confirm the bearish move with good volume. This is a good setup for short selling investors.
Additionally, there is a falling wedge forming (as shown in the chart), which is a potential bullish reversal pattern once it breaks up. This will be interesting to watch.
If the downtrend continues, the 20MA crossing below the 50MA on the daily chart, known as a death cross , would be a strong bearish signal. This indicates that the price is likely to face further downward pressure, as it reflects weakening short-term momentum compared to the longer-term trend. Historically, a death cross is associated with the beginning of sustained declines in price.To confirm this, watch for the daily close to solidify the crossover and be alert for other bearish indicators like the RSI and MACD showing continued weakness.
Strong support levels are found at $130, which acted as resistance in August, and the 100-day moving average (MA) on the daily timeframe at $127.90.
What I am watching for the next bull run
Volume has shown a slight increase, surpassing the 20-day moving average (MA) of volume yesterday, indicating growing interest. Today's close will be key to confirming the validity of the H&S pattern. Momentum indicators are bearish , with RSI under 39 and MACD in the red. However, I remain bullish on the short- and medium-term, so I’m watching for strong support levels and a potential reversal signal (RSI up, MACD green) with a solid bull volume.
What's crucial now is patience—I won’t enter when signals are bearish, and the next bullish setup isn't in place yet.
www.tradingview.com
NVIDIA Update: Big Levels to WatchHere’s the deal with NVDA right now:
1)If it keeps dropping, we’re looking at a move down to $130–$127.
2)But if it can break above $139, we could see it climb to $145 or higher.
It all comes down to whether $139 holds strong or if the price slips lower. Just keep an eye on those levels and let the market do its thing!
Kris/Mindbloome Exchange
Trade What You See
New Setup: NVDANVDA : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as my trailing stop loss.
Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(3).
