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NVDA - Weekly Fall PotentialNASDAQ:NVDA ’s stock has been on a meteoric rise, fueled by the growing demand for AI technology and high-performance computing solutions. However, recent market behavior and technical analysis suggest that a significant pullback may be imminent. The company’s recent 10-for-1 stock split has made shares more accessible to retail investors, but it has also introduced increased volatility. The market has responded positively to the split, but the momentum might be slowing down. Looking at the NVIDIA chart in a logarithmic scale, we observe three major bullish legs, each with gains exceeding 1000%. The current, third leg appears to be reaching its peak. This trend is further supported by the stock’s position within a rising channel, currently touching the upper boundary, indicating potential resistance. Additionally, lower time frame charts reveal a reversal pattern, suggesting a potential downturn. Technical indicators show that NVIDIA’s price is at a critical juncture. The stock has demonstrated a reversal pattern in the lower time frames, which is often a precursor to a decline. Moreover, the price is at the top of a rising channel, which typically acts as a resistance level. Given these factors, a pullback seems likely, especially considering the stock’s impressive run-up without significant corrections. In conclusion, while the broader market sentiment remains optimistic with expectations of new highs for NVIDIA, the technical indicators and recent stock behavior suggest a different story. Investors should be cautious and consider the possibility of a pullback. It is crucial to monitor the stock closely and be prepared for potential profit-taking, especially in the context of the recent stock split and the overall market dynamics.
NASDAQ:NVDAShort
by Sober_Trading
7
Nividia How HIGH ARE WE GOING; 135 is on the horizon Good morning Traders Hope you got your tea and coffee ready I recorded a long video for you to give you the scoop from 4 hour all the the way to 30 minute First in store we continued with our wave counting: which we always love :) Second did some projections from our four hour and 30 minute time frame going up Third we put on a pitchfork to wrap it up like a present and for a bonus I threw in where we might expect time wise to hit these levels Enjoy If you have any feedback on what you like , what you want to learn more about or even what you dont like post it below. My simple goal is if I can make better videos for you which helps you become a better trader Happy Hunting for those trades MB Trader Yahoo
NASDAQ:NVDALong
by Mindbloome-Trading
2
I maintain my biases towards the black countAs I have discussed many times previously, we are about to enter the stage where triangles typically will break apart. What will constitute the triangle breaking apart is for price to breach either our purple (a) wave high, or our purple (b) wave low. Price must continue to constrict to maintain the integrity of the triangle. Nonetheless, in my primary analysis I do believe we break upwards in the black count, but as of right now we have no confirmation as whether the purple or black count will prevail. I suspect this week will be informative. Chris
NASDAQ:NVDA
by maikisch
NVIDIA - A leading Indicator for the AI trend and market NVIDIA - NASDAQ:NVDA 🟣The upper purple parallel line is acting as resistance to price at present. A rejection from this long term purple line may be an early warning signal of a significant correction. A break above it would suggest continued positive momentum. ⏳In combination with the above considerations, a breach down and out of short term parallel channel would be a secondary warning signal of a trend change to the negative. ⏳Falling below the 50 week SMA (red) would be a third confirmation of a negative trend shift. Obviously these levels could all act as support but if they are lost one after the other (price falling below them). It could be an early warning sign of this AI trend slowing. ✅Otherwise, a repeated 142-152 week bull trend out to June 2025 or April 2026 probable for now. Why Watch Nvidia closer than the rest? ▫️ Apple, Microsoft and NVIDIA are the top three largest companies in the world by market cap. Collectively they are almost $10 trillion worth of market capitalization. That is almost 22% of the total market cap of the S&P500 Index, so all 3 are worth watching for warning signs or positive momentum. ▫️ Nvidia could lead the market as it is providing the shovels (graphics cards) for the AI data digging/sorting and general compute/data storage. If their performance starts to wane its a signal of less digging/sorting and a slowing of purchases from NASDAQ:AAPL , NASDAQ:MSFT (indicating slowing growth in both). Keeping a close eye on this chart could provide the early warning signals of a trend change, both on the AI front and the entirety of the market cycle. There is no guarantee of the time sequence continuing on this chart however, these cycles tend to rhyme over time. I hope Nvidia breaks above the purple line at the top of the current long term channel. At present it is stiff resistance, and if price is rejected from here lower, this could be an early warning sign of the a market correction. Remember, you can check in on this chart and press play to get updated data at any time by clicking the link in the comments below or by following me on TradingView. PUKA
NASDAQ:NVDA
by PukaCharts
GOLD H4 RE-ACCUMULATION FINAL TP 3 000 USD🔸Hello guys, today let's review 4HOUR price chart for gold. Ongoing -RE-accumulation in progress, strong chart overall, BULLS maintaint control. Accumulation not complete yet, so we are not ready to hit 2750/3000 yet. 🔸Key s/r zones defined at 2250 usd / 2500 usd / 2750 usd / 3000 usd. So this a list of the key s/r zones in play right now, we are trading well above strong s/r zone at 2500 usd so currently limited downside. 🔸Previously gold accumulated ins 2300/2450 usd range before finally breaking the 2500 usd psyuchological resistance level. Currently 2500 usd flipped from resistance to support, therefore bulls maintain strategic advantage overall. 🔸new re-accumulation zone bulls 2565 / 2685 usd. 🔸Recommended strategy position traders: BULLS should wait for re-accumulation to complete and buy low near 2565 usd. initial TP is 2750 USD and towards end of 2024 - 3000 USD. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
16
NVDA: 4 hour-30 Min HOW Deep Will We Correct ? Happy Weekend Traders I made a quick video for you in the relation NVDA I can see the following scenarios playing out so keep your eyes peeled on these levels: 1) From 120.56 we hold and go up 2) We go down to the 61.8 percent retracement @ 118.45 hold here and go up 3) We go down to 112.88 where we can sky rocket back up from here or start breaking further South If you have any questions, comments let me know. I will be doing a few training videos on the different tools I use to see the market with if your interested let me know MB Trader Happy Hunting
NASDAQ:NVDA
by Mindbloome-Trading
Swing Trade Idea: NVIDIA Corporation (NVDA)NVDA is currently trading within a descending wedge pattern. The stock is nearing the upper resistance line, and a break above the $127 resistance could trigger a momentum shift, leading to a potential breakout. This would indicate a continuation of the upward trend. Monitoring the volume closely during this breakout will be crucial, as increased volume would confirm the strength of the move. Additionally, the stock is finding support along the lower trendline, suggesting continued buying interest at those levels. Watch for price action around the $127 level to confirm the next directional move.
NASDAQ:NVDA
by TraderhrTrading
NVDA: 50% correction / XABCD short it 150 USD🔸Hello traders, today let's review the H4/candle NVDA price chart. Recently solid gains after we filled a massive gap near 100 USD, so a normal liquidity fueled bounce currently in progress. Having said that, that's where the good news end. Massively overvalued company due to AI hype / euphoria, this bubble will deflate soon, very limited upside. 🔸Setup is based on speculative XABCD structure, point X at 138, point A and 100, point B at 130, point C at 105 usd and finally point D/PRZ at 150 usd. Most points already confirmed, only D/PRZ pending. Gravity pull / massive open gap (on the right) will drag the prices down and we will drop to 70 usd handle. this is a 50% correction for NVDA. 🔸recommended strategy positiov traders: advanced SHORT/hold setup at point D 150 usd, TP bears is 100 USD TP1 / TP2 75 USD /open gap near 70 USD. keep in mind that this is advanced entry strategy for the bears. SL fixed at 165 USD. 50% correction incoming and it's best to prepare in advance. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:NVDAShort
by ProjectSyndicate
19
Again? NVIDA will experience another surge? Nvidia is forming another symmetrical triangle pattern. My answer for the topic is yes! First of all, it is moving in a bullish market overall speaking, so it probably will have a rally if it could break above the symmetrical triangle pattern. it indicates the end of this medium term pullback, and bulls will control the market next. of course, there are still some important resistance levels above the current price, so we will Continuously follow up, and see what gonna happen!
NASDAQ:NVDALong
by xugina78
1
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias: 1. Surging demand for AI chips driving record-breaking revenue growth 2. Launch of next-gen Blackwell architecture expected to outperform current offerings 3. Expanding market share in data center and cloud computing sectors 4. Strong cash flow and $50 billion share buyback program announced Utilizing Probabilities for Long Positions: As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA. By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively. 12M: 2W: 1H: What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies. Have a perfect trading week! 🚀
NASDAQ:NVDALong
by Jasminex1x2
NVDA next possible buy spotNASDAQ:NVDA AMEX:SOXS NVDA is in an ascending triangle pattern (bullish) with cci not showing overbought on the 1hr, 4hr, and 1d. MACD signal is still above on the 4hr and daily. SOXS has recently broken downwards and retested the support turned resistance. This shows that we are headed towards a bullish momentum for NVDA. If I had to make a guess on what will happen next I think that it will go to 125. Either consolidating and breaking out upwards going ath or hit 125 and go back down to 105 - 110 (major support). This is all an assumption GL! also ive predicted the past 2 swings on my previous ideas.
NASDAQ:NVDALong
by pythonnnn
NVIDIA's Stock Surge 4% today: A Deep DiveNVIDIA Corporation (NASDAQ: NASDAQ:NVDA ) witnessed a significant surge of 4% today, driven by a groundbreaking partnership with Alibaba Group Holdings Ltd. ( NYSE:BABA ) aimed at advancing artificial intelligence (AI) and autonomous driving technologies. This collaboration marks a pivotal moment for NVIDIA (NASDAQ: NASDAQ:NVDA ) as it capitalizes on the relentless innovation in the AI sector, which analysts predict will sustain demand for AI chips in the coming years. The Story According to CFRA Research analyst Angelo Zino, the AI computing paradigm is gaining momentum, and major cloud service providers are ramping up investments to avoid falling behind. Zino's insights reflect the broader market sentiment, emphasizing that the growth in AI chip demand will likely be exponential. He stated, “Lack of monetization won't keep hyperscalers from investing in artificial intelligence,” underscoring that robust cloud and digital ad spending will continue to fuel this demand. NVIDIA (NASDAQ: NASDAQ:NVDA ) remains one of Zino's top picks among AI chipmakers, alongside Broadcom (AVGO) and Marvell Technology (MRVL). His price target for NVIDIA is set at $139, suggesting considerable upside potential. This bullish outlook is further supported by NVIDIA's impressive data center revenue growth, which soared by 154% year-over-year to $26 billion, driven by strong demand for Hopper GPU computing and networking solutions. Adding to this positive narrative, NVIDIA CEO Jensen Huang recently completed a significant trading plan, selling 6 million shares but retaining his position as the largest individual owner of NVIDIA stock. This move may reflect confidence in the company's long-term prospects, despite short-term trading activities. Technological Advancements: The HMAX AI Solution The recent launch of Hitachi Rail's HMAX (Hyper Mobility Asset Expert) AI solution, powered by NVIDIA technology, further highlights the company's pivotal role in optimizing transport operations. This all-in-one digital asset management platform leverages AI to enhance asset performance and streamline operations for transport operators. By combining live data collection with advanced AI tools, HMAX allows for real-time processing, significantly reducing the time needed to analyze data and generate actionable insights. Technical Outlook As of the latest trading session, NASDAQ:NVDA is up 3.48%, with a moderate Relative Strength Index (RSI) of 54, indicating potential for further growth. The stock has recently experienced volatility, oscillating within the $100 to $120 range. However, if NASDAQ:NVDA manages to hold above critical support levels, particularly the $111 mark, it may set the stage for a bullish breakout. Investors should watch for key price movements in the coming days. If the stock consolidates and successfully bridges the support of $111, it could dip to the one-month low support before gaining momentum toward new highs. This technical setup suggests that there may be ample room for upside movement as the market digests the implications of NVIDIA’s strategic partnerships and ongoing innovation in AI technologies. Conclusion In summary, NVIDIA's recent partnership with Alibaba positions it favorably in the rapidly evolving AI landscape, supported by strong fundamental growth and innovative technological advancements. Coupled with a robust technical outlook, NASDAQ:NVDA stock appears well-poised for future gains. As the demand for AI computing continues to rise, NVIDIA's role as a market leader is likely to solidify, making it an attractive investment opportunity for those looking to capitalize on the AI revolution.
NASDAQ:NVDALong
by DEXWireNews
NVDIA: Neutral but ready to breakout aggressively to the upside.NVDIA is neutral on its 1D technical outlook (RSI = 49.101, MACD = -0.300, ADX = 35.106) as it is trading exactly on its 1D MA50. The long term pattern has been a Channel Up for the past two years and having touched its bottom on the August low, we expect the price to have broken upwards within 3 weeks. The early signal for that will be the RSI crossing overs its LH trendline. TP = $230.00 ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
NVDA - Still Bullish, But Major Potential Sell Signal LoomingThis week in NVDA I am paying attention to the following: -On the monthly timeframe, we see that there is a significant bearish divergence setup forming. This has not yet triggered, though, so the bulls can relax (for now). However, in 7 days when the Monthly candle closes, we need to pay close attention to the CCI divergence. If it confirms, it implies a MAJOR bearish correction for NVDA is on the horizon. -But in the meantime, everything is all systems go for the bulls. If you trade based on the Monthly, any pullbacks into the $88 region (Monthly MAC low) would be satisfactory spots to look for Buy triggers on the Daily timeframe. The Williams Acc/Dis is positioned well above its 57 period MA, which means we should look to buy any pullbacks into the low of the MAC. -Weekly analysis also implies all is good for the bulls. I will look for Buy triggers on the 6H chart if price pulls back into the $107 region (Weekly MAC low). -For fun, I throw some cyclical analysis into the mix. We see that NVDA has a strong seasonal cycle for an upmove from early October into November. Thank you for reading. Enjoy your week.
NASDAQ:NVDALong
by Tradius_Trades
10