NVDA YOU WERE WARNED! NASDAQ:NVDA Before & After charts: You were warned! 💥
✅BOUNCE OFF SUPPORT, INCLUDING 21 EMA 📈
✅9EMA BREAKOUT & RETEST
✅#NVDA DIPS GET BOUGHT UP WITH BOTH 👐
🎯$132.97 👊
NOT FINANCIAL ADVICE 🖖
NVDA
Nvidia Corporation (NVDA) Price Analysis: BEARISHHey everyone, welcome back to Insider Trader! Today, I'm analyzing Nvidia (NVDA) using ICT concepts. After a recent distribution phase, I'm expecting a bearish reversal. The price has hit an optimal trade entry at $128.40, and I’m looking at two downside targets: $77.14 by September 9, 2024, and $31.99 by January 21, 2025. Key levels include a sellside liquidity at $76.06 and a bullish order block around $34.58, which might provide support. Keep an eye on these targets and adjust your trades accordingly. If you found this helpful, like, share, and subscribe for more insights. Happy trading!
NVIDIA Price Pre/Post SplitGood Afternoon Traders,
Here is a copy of the price action prior to the 10/1 split.
Provided for historical reference
The stock should have been cooked prior to the split, but lets see how many can be enticed to buy at the new perceived lower prices.
Looking for the levels marked above and at current price to be tested with continuation or failure.
Have a nice day.
$NVDA #Nvidia Algorithm Buy Alert NASDAQ:NVDA #Nvidia Algorithm Buy Alert
Our algorithm gave a buy alert today, and we entered a long position at 09:45am for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NASDAQ:NVDA among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NASDAQ:NVDA
NVDA Possible Option Play - $126 Call expiring June 28, 2024Data Summary:
Open: 123.24
High: 126.50
Low: 118.04
Close: 125.76
Change: -0.81 (-0.64%)
Volume: 820.663M
Last Day Change: +7.65 (+6.48%)
SMA 50: 67.66
EMA 20: 98.03
Pivot Points:
Pivot R2: 131.91
Pivot R1: 128.85
Pivot S1: 120.39
Pivot S2: 114.99
Breakout SMA 21: 65.44
Technical Analysis:
Current Price Movement:
The stock is trading at 125.76, which is above the EMA 20 (98.03) and the SMA 50 (67.66), indicating a strong bullish trend.
The significant increase in the last day (+6.48%) shows strong buying momentum.
Pivot Points:
The stock is trading just below Pivot R1 (128.85), suggesting a key resistance level.
Support levels are at Pivot S1 (120.39) and Pivot S2 (114.99).
Volume:
The volume of 820.663M is significantly high, indicating strong trading activity and interest in the stock.
Preferred Option Play:
Call Option Play:
Buy NVDA $126 Call expiring June 28, 2024
Last Price: $4.10
Rationale:
The stock is showing strong bullish momentum, trading above key moving averages and near the resistance level.
A Call option leverages the potential upward movement towards the resistance levels.
Summary:
Based on the technical indicators and the current price being near resistance levels, a Call option is preferred to capture potential upward movement.
This strategy is speculative and should be considered with caution. Always consider your risk tolerance and consult with a financial advisor before making any trades.
NVDA ContinuationNVDA is giving a blue continuation signal after 3 days of sharp selling. It may need more time to flag, but the risk/reward favors the upside.
Nvidia panic over?Nvidia has bounced back today after its recent 16% drop from a record high reached just last Thursday.
For the first time in three days, it has broken above a prior day’s high.
After finding good support from its 21-day exponential moving average around $120, and key support slightly lower at $118, today sees NVDA rise above Monday’s high of $124.45 to trade north of the $125 handle.
If Nvidia can hold onto its gains, ideally above Monday’s high, by the close of play today, then this will bode well for the rest of the week, boosting the appeal of the likes of Nasdaq 100. However, if the gains evaporate later on, then that would be a major warning sign for the bulls/longs.
But so far, it looks like it is resuming its long-term bullish trend after a bit of a pullback in recent days.
By Fawad Razaqzada, market analyst at FOREX.com
$NVDA Nvidia Algorithm Sell AlertWe are in an obvious downtrend. Our algorithm gave a sell alert on June 20, last Thursday. Our strategy is to wait for a buy alert to go long; we do not short growth stocks like Nvidia.
Nvidia Subdivides Lower from Recently ATHPrice is now in the target box for our circle a wave and I am watching for the potential of a reversal higher in our circle b wave. To continue to leak lower could bolster the case for ALT purple wave 4 as price appears somewhat short term oversold. My primary is a circle b wave corrective retrace. Because of the sheer bullish of the long term chart, only a move below $104-$106 would signal a major top may have been struck.
$NVDA $90 , THEN $75 BY NOVEMBERHere is the 10D chart on NVDA from an example that lead to an approximate 40% decline. We are currently at the same point on the chart in modern day time. Proceed with Caution. Refer to next post.
Members Daily Analysis - June 23 2024QQQ & Semis hit hard on the downside.
Topping signal on NVDA...watch for a retrace upward.
IWM small caps showed strength on Friday, possible continuation tomorrow.
Oil bulls need to hold $80
DXY looking for $106 / This could be an equity sell signal.
NVDIA (Y24.P2.E1).Wave 5 doneHi Traders,
I think its due for a major ABC corrective wave.
The reaction sort of confirms it. 10% pullback .
I'm expecting it to find support at the 0.618 and maybe look for an AB= CD correction
All the best.
S.SAri
200+ coming?This will move along with NVDA as AI mania keeps growing. This should easily hit 200+ by year end. If it hits my target and close to that above green trend line, then I think its time to get out of the market. Stop loss 130. All the best !!
Natural Gas & Trading Indicator!Nat gas closed the week negative.
We have now had 2 consecutive weeks of sell side pressure.
Next week we will get the golden cross on the daily chart.
Typically this is a medium to long term signal.
Using the prior day high and low signal is an extremely useful tool for traders to identify support and resistance.
NVDA: Pullback Ahead?Hourly Chart: Key Support and Previous Top
The hourly chart for NVDA emphasizes the significance of the support level at 125.59. This level was a previous top, and now it is acting as a support, following the Principle of Polarity in Technical Analysis. The chart shows that the previous top, which is now support, has been tested a few times, reinforcing its critical role.
Daily Chart: Bearish Engulfing Pattern
On the daily chart, a bearish engulfing pattern is evident, signaling a potential correction of the uptrend. This pattern forms when a smaller white candlestick is completely engulfed by a larger black candlestick, indicating a shift in market sentiment from bullish to bearish. This pattern is often a precursor to further downside movement. The red line marks the 38.2% Fibonacci retracement level at 115.82, which was a previous resistance seen on the 1H chart as well, serves as an additional support level.
Conclusion
The NVDA charts provide a mixed outlook. The double support at 115.89 on the hourly/daily charts is critical, while the bearish engulfing pattern on the daily chart suggests a potential pullback ahead. For now, we should keep a close eye on the 125.59 support level. A hold above this level could indicate a buying opportunity, while a break below could signal further downside to the 115 area.
Keep in mind that the trend is still bullish and pullbacks would be buying opportunities as the price approaches its support levels, when the R/R ratio is optimized.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
June 20th Members Daily AnalysisMarkets saw some selling...QQQ finally lagged!
NVVDA almost 8% reversal range. Bearish engulfing
SOXX absolutely bludgeoned.
Oil ripping / NYSE:XOM monster profits.
AAPL PUT / PROFITS SECURED.
$NVDA & $GME Day Trading Strategy With Algorithm Indicator NASDAQ:NVDA We day trade two stocks: Nvidia and $GME. Our strategy is to go long only. We wait for our algorithm to alert us with a large green dot. We have been in a long position with NASDAQ:NVDA since June 11th, and as of today, we exited our position with a nice profit when we received a large red dot.
nvda ahead to 300nvidia ahead at a ru n to 300 target price,y target price for the year, upsid3 again al. most more 100%
keep ur tradi ng strategy safe, this is not an investment advise
nvda ahead to 300nvidia ahead at a ru n to 300 target price,y target price for the year, upsid3 again al. most more 100%
keep ur tradi ng strategy safe, this is not an investment advise
BTC vs NVDA Fractal 📈📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action.
In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. The one was a correction, and the other was range trading until after the halving. Find the previous Bitcoin post here:
When we compare BTC to how Nvidia has been moving, we see a very similar corrective pattern play out, followed by a steep increase. Then, after a period of sideways/range trading on NVDA, the price continues to even higher highs as it increases parabolically. Could we possible see something similar on Bitcoin? I think it's worth keeping an eye on this fractal and expect some boring price action for a while on BTC.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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NASDAQ:NVDA MEXC:BTCUSDT
Nvidia Becomes World's Most Valuable CompanyNvidia Becomes World's Most Valuable Company
According to the NVDA chart today, the share price rose yesterday to a new all-time high, surpassing $135 (after a 10-to-1 split). This pushed Nvidia's market capitalisation to $3.34 trillion, overtaking Microsoft, which is currently valued at $3.32 trillion.
As CNBC reports:
→ Nvidia shares have risen by more than 170% this year, with a strong driver being the first-quarter earnings report released in May.
→ Since the end of 2022, the shares have increased more than ninefold, driven by the emergence of generative artificial intelligence.
→ Nvidia holds around 80% of the AI chip market used in data centres, with this business expanding thanks to purchases by OpenAI, Microsoft, Alphabet, Amazon, and Meta.
What are the prospects for NVDA's share price? Will the company be able to maintain its status as the most valuable company, a title that has traditionally belonged to either Apple or Microsoft?
Technical analysis of the NVDA chart shows that:
→ The price is moving within an ascending channel (shown in blue);
→ In mid-May, the price found temporary balance along the median line of the blue channel;
→ But then, following the positive wave from the 22nd May report, the NVDA price soared to the upper boundary of the channel, forming a trajectory highlighted by the green trend line.
In fact, with such a channel construction, the market is in an overbought state. This thesis is confirmed by the RSI indicator (where signs of divergence are noticeable).
Therefore, it is reasonable to assume that the price is in a position vulnerable to correction. Although the extremely strong fundamental background related to AI is unlikely to contribute to a deep correction (if it occurs).
According to TipRanks, the average price target for NVDA, as forecasted by Wall Street analysts, is $130.29 (approximately 3% below current levels) over the next 12 months. This could indicate that NVDA's price already fully reflects all bullish factors, making the prospects for further growth uncertain.
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A better DCA strategy that you need to start using. We all know about Dollar Cost Averaging positions over time.
However allow me to introduce you to a weighted DCA strategy that gets you a tighter average and retains additional capital over time ready to be allocated at "better prices".
First take your monthly $ allocation to your desired Ticker
*For this example we use $400 added monthly and TSLA as the Ticker
We break the monthly add into 1/4ths
So if we have $400 That = 4 lots of $100 dollars.
Set an Auto buy to $100 (as well as auto div reinvest if there is one)
*This feels like we're leaving too much on the table and not invested, but this is what gives this strategy the sauce.
*We use the Daily chart over a year timeframe for consistency.
If RSI is >= 60 we leave the auto buy of $100 (1/4) as is and save the remaining 3/4s to allocate at another date.
If RSI is >= 50 -60 we buy another 1/4 ($100) (totaling $200 or 2/4s of monthly allocation)
If RSI is <= 30 we allocate the other 3/4s ( $300 ) for a full 4/4s monthly allocation
_We will also @ RSI <= 30 allocate 1/4 of all saved monthly allocations
As seen in the Chart this occurs in Feb of 2024 where we buy $400 ($100 auto buy + $300 manual) and from $1300 reserves we've accumulated we use $325 to purchase additional shares.
This leaves us in great shape, we have a much tighter avg while also maintaining funds ready to specifically purchase more shares at a better price without the fomo.
The monthly breakdown of DCA'd shares looks like this
Shares DCA'd
Jul .35
Aug .789
Sep .794
Oct .773
Nov 1.94
Dec .84
Jan .84
Feb 3.90
mar 1.06
Apr 1.225
may 1.109
Jun 1.13
14.75 shares over 1 year
Total Invest
$3025
AVG/Share
$205 (9% better Avg than regular DCA)
W/ $1775 available for RSI < 30 situations
Any questions/ opinions welcomed.
Good Luck out there.
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved.
A bullish breakout pattern is on watch.
NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce.
If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis.
S&P500 setting nee ATH.
