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)
NVDA
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.
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NVIDIA Technical Analysis And Forecast For This WeekNVIDIA Technical Analysis And Forecast For This Week
NVIDIA has recently experienced a pullback following a less-than-optimistic forecast for the upcoming quarter, which fell short of investors' expectations.
This disappointment has prompted a wave of shorting by several shareholders, adding downward pressure to the stock.
However, based on my technical analysis, I believe NVIDIA is poised for a potential rebound from its current price levels this week.
Key indicators suggest that the recent dip may have been overextended, and we could see a recovery as market sentiment stabilizes.
Keep an eye on support levels and any bullish signals that could indicate a reversal in the near term.
$NVDA DAILY CHART PREDICTIONS (OPTIONS)UN THE 🐂 SIDE
AROUND 150C ( if she does break that 126 resistance area
ON THE 🐻 SIDE
AROUND 90P (if she doesn’t break through 126)
NVIDIA ($NVDA) received 12 analyst buy ratingsNVIDIA ( NASDAQ:NVDA ) received 12 analyst buy ratings following its earnings report, with 11 analysts raising their previous price targets. The lowest price target is now $140, while our W.D. Gann first price level is $144.
Nvidia is Going to ZERO. AI Will Not Change the World.Hello Everyone,
Anybody buying NVDA at these levels will suffer the same fate as the Intel (INTC) buyers during the Dotcom bubble. Chances are Jun 20, 2024 was the top and so far we have been making lower highs and lower lows. Weekly timeframe shows a bearish engulfing, however we will need a confirmation dump candle with another follow through candle to confirm further dumping as shown in the chart above.
Massive bearish divergence on weekly and the RSI might be confirming a lower high for the third divergence.
This bearish engulfing candle can be cancelled if we can't close below the candle next week. Whether we still trade around these levels for a little bit longer or dump now, eventually NVDA will be headed towards $5-$10 during this upcoming recession.
The NVDA hype will die during this recession and everybody is going to forget about it and will have many competitors in the future. We may never see NVDA this high again in our lifetime.
NVIDIA to $180Overview
It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022.
When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability.
Technicals
NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115.
I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns.
I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
$NVDA after earnings insights #NVDA has been a hot topic with the recent tech boom. This stock has recently seen several earnings reports of massive growth over the last few quarters and this earnings session was no different in my opinion. NVDA beat on every category and initiated a stock buy back! i think the market was just expecting more and the sell off will be temporary.
In this video I breakdown my outlook on NVDA and set expectations moving forward. i think we need to give it some room to work but there is opportunity. Im overall bullish on NVDA but i have a bearish back up plan going into September. Stay tuned for how we will probably end up making money both ways on this stock.
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NVDA has a demand zone at the rising daily 5 SMA.NASDAQ:NVDA daily rising 5 SMA will be a potential demand zone tomorrow. I will be watching NVDA to hold this area for a long entry intraday. If NVDA loses this area, there is room back down to the daily 50 SMA, which is a major potential demand zone. This may provide an intraday short opportunity under today's low into these demand zones, and the ability to add equity long for a swing if these demand zones hold.
Fundamental Narrative Remains IntactOur analysis indicates that any pullback in NVIDIA's stock is likely to be brief, provided the fundamental narrative remains intact.
Nvidia (NVDA): A Beacon in the Tech Sea - Remains a Strong BuyNvidia (NVDA): A Beacon in the Tech Sea
Nvidia, a titan in the semiconductor industry, has consistently demonstrated its ability to navigate the complex landscape of technology. While the stock has experienced recent fluctuations, its underlying fundamentals remain strong, making it a compelling investment opportunity.
A Strong Financial Foundation
Nvidia's financial performance has been nothing short of exceptional. The company's revenue surged by 122.40% year-over-year, far surpassing market expectations. Additionally, its earnings per share (EPS) exceeded analyst estimates by a comfortable margin, underscoring its robust financial health.
Market Leadership and Future Potential
Nvidia's position as a market leader in the semiconductor industry is undeniable. With a massive market capitalization of $3.09 trillion, the company has a significant presence in critical segments such as data centers and artificial intelligence. Its ongoing commitment to innovation ensures that it remains at the forefront of technological advancements, driving future growth.
Navigating Short-Term Challenges
While the stock has experienced a recent decline, it's important to view this as a potential short-term market correction. Despite a slight decrease in institutional holdings, major investors like The Vanguard Group have increased their positions, indicating continued confidence in Nvidia's long-term prospects.
Why Nvidia Remains a Strong Buy
Innovation and Growth: Nvidia's relentless pursuit of innovation in AI and computing positions it for sustained growth.
Financial Health: A strong balance sheet provides a solid foundation for future success.
Market Leadership: Nvidia's dominant position in key segments gives it a competitive advantage.
Path to Recovery
As market sentiment improves and Nvidia continues to deliver impressive financial results, the stock is well-positioned for a rebound. Positive analyst ratings and target prices further reinforce this outlook.
In conclusion, while short-term market fluctuations are inevitable, Nvidia's strong fundamentals, market leadership, and commitment to innovation make it a compelling investment choice. Investors seeking exposure to the technology sector may find Nvidia to be a valuable addition to their portfolios.
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Risk Disclaimer!
The article information and the data is for general information use only, not advice!
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Nvidia: DownhillNVDA has completed the green wave (X) and started descending toward our blue Target Zone between $91.30 and $76.02, which should mark the joint low of waves (Z) in green and A in beige. From this range, the beige five-wave downward move should continue, layawaying along the boundaries of our pink triangular trend channel to finish the large wave (IV) in blue. This final overarching low should take the form of a truncation, i.e., a shortened correction, and initiate a new uptrend above $137.32. However, it is 30% likely that the blue wave alt.(IV) has already concluded, which would result in a direct breakout above the $137.32 mark.
Nvidia Fails to Wow Traders. What to Make of Its Earnings ReportNvidia stock (ticker: NVDA ) is up nearly 3,000% in the past five years. Back then, in 2019, no one really cared about its earnings report as it was known mainly for its niche products targeting geeks, gamers and crypto miners. Now, when Nvidia reports, the world listens.
Everyone and their moms were glued to the screen Wednesday afternoon when the company released its quarterly earnings report. The numbers were good — triple-digit growth was there and guidance was calling for even more growth.
Yet investors proceeded to dump the stock. Big time . Shares lost as much as 10% of their valuation in after-hours trading before Nvidia fans scooped up some of those bruised gems at a discount.
Nvidia is worth $3 trillion (depending on the day) — that’s about 6% of the massive $50 trillion valuation of the S&P 500. The lofty price tag is largely due to Nvidia leading the AI boom with its chips being the hottest commodity in the tech world. As a result, Nvidia has turned into a top pick among the thousands of stocks available out there.
That gives you an idea of this stock’s important role. Markets are placing so much significance on Nvidia’s earnings update that you might as well put it on par with the jobs report or a Fed event.
Good but Not Absolutely Mind-Boggling Amazing
Analysts: We expect revenue growth of 115%.
Nvidia: Here’s 122%.
Analysts: Nooo, why not a bigger beat? Disappointed!
Nvidia posted another blockbuster quarter with $30 billion in revenue, up 122%, surpassing Wall Street’s estimates of $28.7 billion. Earnings per share landed at 68 cents a pop, up 152%, eclipsing consensus views of 65 cents. Thanks to the wide profit margins, Nvidia pocketed some $16.95 billion in net profit.
It did say, however, that gross profit margins narrowed quarter on quarter. For the three months to July 28, Nvidia generated an adjusted gross margin of 75.7%, down from 78.9% the previous quarter. Full-year gross margins are projected to sit above 75% while total revenue is expected to hit $120 billion.
With Great Returns Comes Great Responsibility
Here’s a harsh truth: the bigger you become, the higher the expectations for more breakneck growth. Nvidia’s revenue blasted by a supercharged 265% in the previous quarter. And if 122% can’t keep shares above the flatline, then Nvidia’s rapid expansion has turned against it. And by the looks of it, that growth is going to be increasingly challenged. Large-cap rivals are threatening to chip away (pun intended) at Nvidia’s dominance, potentially taking from its market share, diminishing the profit margins and pulling some of its Big Tech clientele.
For the October quarter, Nvidia chief executive Jensen Huang projects revenue of $32.5 billion, which exceeds the average consensus of $31.7 billion. But, then again, it doesn’t exceed it by a lot — and that didn’t sit well with the overly optimistic investors out there.
Not everything was above market expectations. Nvidia’s next-generation AI chip — Blackwell — still hasn’t started shipping and that unnerves some stock holders. Huang tried to assuage investor fears during the earnings call, saying that despite some design-related delays , Blackwell will ramp up production as expected and will bring in “several billion dollars” still this year. In a move to instil confidence and maybe patch things up, Nvidia authorized a juicy $50 billion stock buyback, which is a mere 2% of its market cap.
What are you doing with Nvidia’s shares? Are you a long-term holder or looking for the right entry? Maybe buying this dip? Let us know in the comment section!
Nvidia still working on Minor B retracementWith earnings out and traders not getting the normal reward of new 52 week highs, we continue to subdivide lower in a primary circle wave 4 that will more than likely not bottom until next year, possibly longer. A primary wave 4 will consist of an intermediate ABC, and each intermediate label will consist of a minor ABC. We're still working on minor B...therefore, it's important that followers of my work be informed we've only just begun the primary wave 4 pattern.
In the short term, we will be in this general area for a while as it appears now we're working on a flat for Intermediate (A).
Nvidia (NVDA) Shares Fall Despite Strong EarningsNvidia (NVDA) Shares Fall Despite Strong Earnings
Yesterday, after the close of the main trading session, Nvidia released its second-quarter earnings report:
→ Earnings per share: actual = $0.67, expected = $0.647;
→ Revenue: $30.04 billion, expected = $28.737 billion;
→ The company also announced a $50 billion share buyback.
However, despite the strong results, Nvidia’s share price declined. While the closing price yesterday was above $125, in pre-market trading today, Nvidia's shares are down below $118.
The more than 6% drop may be due to:
→ The company’s future outlook not meeting investor expectations;
→ Waning bullish sentiment around AI adoption.
On 12 August, during a technical analysis of NVDA’s price chart, we noted:
→ The price was forming an upward channel (indicated in blue);
→ The $100 level was acting as support.
Assuming the bearish momentum from the earnings reaction continues, Nvidia’s shares may open trading today around $115, close to the lower boundary of the current upward channel.
New data provides crucial insights for further predictions:
→ After retreating from the $130 resistance level, the price is likely to form a broad bearish gap around the $120 level, which could act as a future resistance zone.
→ The median line of the blue channel may then act as resistance, increasing the likelihood of a bearish breakout below the channel’s lower boundary.
Meanwhile, analysts remain optimistic. According to a Tipranks survey, 33 out of 36 analysts recommend buying NVDA stock. While the average price target is $150 over the next 12 months, it’s possible that these estimates could be revised downward if bearish sentiment intensifies.
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 TSLA QQQ AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
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US30 Buy ZoneStep one
* Market creates a sell structure @ 41169
Step two
* Market breaks through support @ 40953
Step Three
* Market breaks towards low of 40750 and quickly recovers in price action. Rally?
Step 4
*Economic data sends the Dow jones back to the resistance zones in step 1 & 2. Recovers to rally to an all time high of 41,500 or 42,000 and quickly sells.
NVDA Earnings Results I believe in the next 24 hours we will see a $50 billion stock buyback to $137+ and then a major correction immediately after. I think the selling pressure will be a falling knife. Leading us back into the $100-$70 range. Shaking out retail investors. This is just a prediction. Good luck!!
$NVDA Bull Flag Pattern A bull flag bullish pattern appears to be forming, suggesting potential upside momentum. The key question is whether Nvidia will break out following tomorrow's earnings report. If the results exceed expectations, it could serve as the catalyst needed to propel the stock higher, confirming the bull flag and potentially triggering a strong upward move. Traders will be closely watching for a decisive break above recent resistance levels, which could set the stage for further gains. #SPX500 AMEX:SPY NASDAQ:QQQ NASDAQ:NVDA #Nvidia #ES_F #NQ_F
NVDA New ATH Inbound Technical reasons for a move to the upside are as follows 1 - 1 Fib Extension gives us $155
TR Pocket pull gives us $154 - $157 for more confluence, and finally we have Pivots at $152. All aligning in the same region I expect price to eventually gravitate to the upside . Not necessarily all on earnings day but never say never . Market structure is also in a bullish uptrend HTF. With that in mind we have these strong technicals/confluence to expect all time highs to be taken out $140.76.*ATH come Earnings Release.
I dont advocate blindly longing up here though as the last opportunity to long was back in July but if you trade the INDEX Futures then you can use this as a potential compass into taking a Long * NQ for example .
I dont look at Fundamentals but it was brought to my attention that the CEO has been selling vast amounts of stock which is publicly displayed if you care to investigate .
So its possible that he knows something that we dont and maybe the results that are announced tomorrow dont meet expectations .
if thats the case then of course be prepared for a move to the downside before continuation to the upside but bear in mind that NVDA have beaten expectations 4 X previously and have lucrative partnerships in the tech space and AI is still in its infancy so anything can happen . I remain bullish on the sector and NVDA especially
Results are announced after market close Wed 29
Share and Like to support my work
Stock Surge Leaving Bitcoin Behind? Stock Surge Leaving Bitcoin Behind?
The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment.
This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its much-anticipated earnings report tomorrow.
Nvidia initially opened lower today but reversed course, closing up 1.6%. The stock has rallied nearly 10% in August, fueled by bullish commentary from customers who are continuing to invest heavily in data centers and Nvidia-based infrastructure. This optimism has set a high bar for tomorrow’s earnings.
Bitcoin, meanwhile, is trading at $62,000, about 25% above its lowest point this month. However, the cryptocurrency is potentially facing stiff resistance at $65,000. This struggle at a key technical level could be a signal of waning risk appetite.
The Federal Reserve’s potential rate cuts are also a double-edged sword for Bitcoin. While lower rates typically boost risk assets, there’s a growing concern that such a move could indicate deeper economic troubles ahead.
On the bullish side, Paul Christopher, head of global investment strategy at Wells Fargo, recently likened the current market environment to 1995, when the S&P 500 soared to 77 all-time highs. If history repeats itself, stocks could be on the cusp of a rally not seen in nearly three decades.
