NVDA: is the party over?NVDA put in a massive top with the explosive earning and guidance then fell as fast. Is it finally party over for NVDA? Well, it is way too early to call it dead. NVDA has been the strongest stock for the past few months and anyone holding it this year are massively in profit. So, it is very normal that people will take profit at this point of time. On the grand scheme of things, it doesn't seem like price is likely to fall below $400 right at this point. We have a 5 waves move down. I would like to see a 3 way move up and an additional 5 waves down to lower fib areas. This will still be very strong support area, despite a very large selloff. Buyers will come back as fast as they left and if price breaks upward again, then final destination could be at the mid $600s, $700s. Shorting opportunity will present itself if price break below $400. Until then, I am not shorting this crazy thing....
Nvda_analysis
NVDA Falls Flat Today Following Big Market BeatAs we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market.
Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that a single day's performance does not determine the long-term trajectory is essential, it warrants closer observation.
Considering the current state of the general stock market, keeping a watchful eye on NVDA becomes even more imperative. As we witness increased volatility and potential market fluctuations, staying informed and making well-informed decisions is vital. By closely monitoring NVDA's performance, we can gain valuable insights into the market sentiment and potential trends.
Therefore, I encourage you to include NVDA in your watchlist and diligently track its movements. Keep an eye on the key indicators such as volume, price action, and any significant news or events that might impact the stock. Doing so, we can better navigate the volatile market conditions and make informed trading decisions.
Remember, caution is vital during uncertain times. While the market may present opportunities, it is crucial to approach them with a measured perspective. By staying informed about NVDA's performance and its correlation to the broader market, we can position ourselves to capitalize on potential opportunities or protect our portfolios from potential downturns.
In conclusion, I urge you to closely watch NVDA as it responds to the general stock market fluctuations. Take advantage of the tools and resources available to stay updated on the latest news, market trends, and expert opinions. We can navigate these challenging times more effectively by maintaining a cautious approach and being proactive in our analysis.
Nvidia's stock has been suppressed by the 4.618 on gold splitNvidia's stock has been suppressed by the 4.618 on gold split
This chart shows the weekly candle chart of Nvidia's stock in the past year. The graph overlays the bottom to top golden section of October 2022. As shown in the figure, the recent high point of Nvidia's stock has been suppressed by the 4.618 position on the gold split at the bottom of the figure! Due to NVIDIA's recent release of its second quarter financial report, its actual revenue was $13.51 billion, a year-on-year increase of 101%; Under non US GAAP, the net profit was $6.74 billion, a year-on-year increase of 422%, directly leading its stock to soar! However, it is not ruled out that there is a possibility of a bullish turn into a bearish turn. In the future, the 4.618 position on the bottom of the graph above the golden section can be used as the dividing line between bullish and bearish positions for Nvidia stocks!
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA's Earnings Report: Strategic Positions to Consider Introduction:
It's time to rejoice as we dive into the exciting world of NVIDIA Corporation (NVDA) and explore the potential positions to consider after their recent earnings report. With the stock prices rising, let's embrace the positive vibes and strategize our moves to make the most of this profitable opportunity!
1. Riding the Momentum:
NVDA's earnings report has sent shockwaves through the market, propelling the stock prices to new heights. As traders, we can ride this momentum and capitalize on the upward trend. We can join the celebration by positioning ourselves to benefit from the stock's bullish run and potentially reap impressive profits.
1. Long-Term Growth Perspective:
NVDA has consistently proven its ability to innovate and adapt to the ever-evolving tech industry. With a strong focus on artificial intelligence (AI), gaming, and data centers, the company has positioned itself as a global leader. As the demand for these sectors continues to grow, NVDA's long-term growth prospects remain promising. Traders with a more patient approach may consider holding onto their positions, allowing them to enjoy the potential benefits of sustained growth.
2. Options Trading for Enhanced Gains:
For traders seeking a more dynamic approach, options trading can offer exciting opportunities. With NVDA's stock prices on the rise, options strategies such as buying calls or employing bullish spreads can help magnify potential gains. By leveraging these strategies, traders can amplify their profits while managing risk effectively.
3. Diversification for Stability:
While NVDA's recent earnings report has been impressive, it's always wise to maintain a diversified portfolio. By spreading our investments across different sectors, we can mitigate potential risks associated with any single stock. Consider exploring other promising companies in the tech industry or even different sectors, ensuring a well-rounded portfolio that can withstand market fluctuations.
4. Staying Informed:
As traders, staying informed is crucial for making sound investment decisions. Monitoring NVDA's news, industry trends, and quarterly reports will provide valuable insights into the company's performance. Additionally, monitoring the broader market sentiment and potential catalysts can help guide our positioning strategies effectively.
Conclusion:
With NVDA's earnings report driving its stock prices to new heights, it's an exciting time to be a trader. By capitalizing on the momentum, adopting a long-term growth perspective, exploring options trading, diversifying our portfolio, and staying informed, we can position ourselves for success and potentially reap significant profits.
Remember, trading is both an art and a science, and embracing a positive mindset while making informed decisions is the key to thriving in the market. So, let's celebrate NVDA's success and embark on this profitable journey together!
NVidia Levels Ahead of EarningsThe #NVDA rally halted at the July highs yesterday with all eyes now on today's earnings release.
Initial Support 456 backed by the August 5th reversal close at 439 - look for support there IF price is heading higher on this stretch. Broader bullish invalidation now raised to 406 .
A breach / close above 480 exposes subsequent resistance objectives at the upper parallel (currently ~ 520 s) and a the measured range breakout into 558 .
- @MBForex
"Investors Await NVDA's Impressive Earnings PerformanceGet ready, traders! The highly anticipated earnings report from NVIDIA Corporation (NVDA) is just around the corner, and analysts are placing their bets on a target rise for this tech giant. If you want to make serious gains, now is the perfect time to consider going long on NVDA.
Analysts have been closely monitoring NVDA's performance, and the consensus is clear: they are expecting an earnings beat. This positive sentiment has fueled excitement among traders and for good reason. NVDA has a strong track record of delivering impressive results, and this upcoming report is expected to be no different.
With the demand for graphics processing units (GPUs) soaring, NVDA has been at the forefront of this technological revolution. NVDA's products have become indispensable in various industries, from gaming to artificial intelligence and data centers. As the world continues to rely on advanced technologies, NVDA's growth potential seems limitless.
But what does this mean for traders like you? Well, it presents an incredible opportunity to capitalize on NVDA's success. By going long on NVDA, you can potentially ride the wave of its target rise and reap the rewards.
So, how can you take advantage of this exciting opportunity? It's simple. Consider adding NVDA to your portfolio and position yourself for potential gains. With analysts betting on an earnings beat, now is the time to act.
Remember, trading involves risks, and you must do your due diligence before making investment decisions. However, with NVDA's solid fundamentals and a promising outlook, going long on this stock could be a strategic move that pays off.
Don't miss out on the potential gains that NVDA may bring. Take action now and position yourself for success. Whether you're a seasoned trader or starting NVDA, target rise is an opportunity you won't want to miss.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Trading involves risks, and it's essential to consult a professional financial advisor before making investment decisions.
NVDA Earnings Outlook:High Premium, Potential Post-Earnings DropNASDAQ:NVDA trades at a premium, with a P/E ratio of 277, towering over the sector median P/E of 25.56 and the S&P 500's P/E of 24.50. Its EV/EBIT is also remarkably high at 207.38 against the sector median of 19.45, signaling significant market sentiment.
The options market's pricing in a potential $50 move,trading well above recommended levels 50-day EMA, suggesting that it might be overbought. While there may be a continued run-up leading to earnings, a post-earnings drop is anticipated. Target levels post-earnings could be $433, $419, and $400. Play the run-up but be cautious to sell the news.
$NVDA -Potential Downside (21Aug/2023)- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure.
May be forced to Trail SL according to how markets will open
from the positive last Friday's Rally .
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
NVDA crash July 10 weekDid you ever feel like you missed out on NVDA? Don't worry, you can make up for some of that and ride the price on its way down (aka, short selling or put options). The bear is coming for the market this week and it's going to ravish the tech.
NVDA price is at a pitchfork resistance level and so is its RSI. Additionally see the divergence between the price highs and the RSI highs which also indicate a bearish outlook. These (as well as insights from my own unpublished indicators) tell me that a significant price drop will come this week.
Short NVDA againShort NVDA again, I honestly think we see a significant correction here from a technical perspective. Not sure whos buying here. Being very cations of short stop runs like the one we just had yesterday. Went 60% short at the open today at $444.32. 4 hr candies are beautiful. Not advise. Plan to walk it down with stops and see what happens. Not advise
NDVA Surges After JPMorgan's 'Massive Shift' in AII couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for!
Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to artificial intelligence (AI). And guess whose stock soared to new heights as a result? You guessed it right! NVIDIA Corporation (NDVA)!
This remarkable turn of events has created a buzz in the market, and it's not hard to see why. JPMorgan's decision to embrace AI technology on such a grand scale indicates this sector's immense potential and profitability. With NDVA already being a key player in AI, it's no wonder their stock shot up like a rocket!
Now, you might wonder, "What's the next move, and how can I benefit from this exciting development?" Well, my friends, I firmly believe it's time to go long on NDVA! With JPMorgan's endorsement and the growing demand for AI solutions, we are looking at a potential goldmine here.
So, without further ado, let's seize this opportunity and take advantage of the momentum surrounding NDVA. By going long on this stock, we position ourselves to ride the wave of success that lies ahead. It's time to trust our instincts and make a move that could yield substantial returns.
As always, conducting thorough research and exercising sound judgment is crucial before making any investment decisions. However, given the recent news and the positive market sentiment, it's hard not to feel a surge of excitement about the prospects of NDVA.
So, my fellow traders, let's embark on this thrilling journey together and capitalize on the exciting developments in the AI sector. Please consider going long on NDVA and join me in embracing this opportunity.
Nvidia -> Is This The Top Formation?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure.
After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA uptrent still intact - LONGNVDA still looks good and the uptrend is still intact.
The price is about to retest the upsloping support line which could be an entry for a long position.
RSI is about to reach oversold conditions.
As long as the upsloping support holds, the uptrend continuation is expected.
If the price closes below the upsloping support, it would be an invalidation of this thesis and more downside is likely then.
Target is shown on the chart.
Good luck
NVDIA 4HR- Pull back Very LikelySorry for the small screen, but this is pretty straightforward. Bearish Divergence on MACD (not shown cause screen size) along with price action showing slowed momentum when trying to push through the very local high ie. Double top.
I would try to catch the bounce at the EMA and or anything within the 0.326-0.618 fib retrace area for all you swing traders out there.
Simple, predictable price action.
You shall respect the TA, while the weak fall down the wayside.
-b
Nvidia -> Slowing Down And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Also on the weekly timeframe you can see that we had a juicy inverted head and shoulders reversal pattern and I pointed out all the reasons why I do expect the upcoming pump of roughly 120% towards the upside.
Looking at the daily timeframe now you can see that Nvidia is a little bit overextended is also slowing down with momentum so there might be the possibility that we will see a short term correction after Nvidia actually breaks the current uptrend line.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ninja Talks EP 22: 500 Followers!First off thanks for 500 followers, seems people like my Ninja Talks, so I'll keep um coming.
In today's episode I want to talk about two types of anger traders go through in the market, one makes you win and one makes you lose.
* Anger Numero Uno
The first is pure rage, complete emotionality and it's what the majority of traders even seasoned pros know very well. In poker this would be called "tilting", in trading it's the same shiz it's just the catalyst appears different, they see cards we see candlesticks. Anyway back to the rage, quick story; many-o-moons ago I tilted and blew up my entire trading account (which was basically my entire net worth at the time), I screamed and rubbed my face so aggressively I dislocated my jaw! It's still not 100% aligned years later. This is the brutality of giving into the 1st anger, it takes no prisoners and will at any moment dash your emotional AND physical well being 1000mph at the wall until you learn to master it.
* Which brings me to the second Anger.
The second Anger, if verbalised, would sound something like "That's it! Let's fuc🤬ING go!", it's a "game on" mentality, not tilted but ready - you understand you're down, but your not giving up - you remain calm but awake.
I'll give you an example, back in the day I had an MMA fight after not training for two years. Completely out of shape I took the fight on one week's notice lost 15lbs and jumped in there underweight, depleted, injured and weirdly stupidly confident. Round one begins and I'm tired after just 1 minute, the "gentlemen" across from me realising this proceeds to plod forward and tee off on my baldy head and skinny legs, but then something happened - my mind snapped out of it and basically said "Enough! Let's fu🤬ING go!" - I walked forward angry but calm saw his incoming kick grabbed it mid air, diverted it to my right and threw a rear high kick slapping the "gentleman's" temple "CRACKKKK!!!" and down he went, the fight was over just like that.
Here's the thing...
Understanding the difference between these two angers are a defining factor between winning and losing in the financial markets, yet very few learn from their outputs and instead point the finger outwardly at others, don't be that guy and instead learn to channel anger into determinative action.
Make sense Ninja?
Channeling rage (especially as a man) is one of our most potent potentialities, but it must be intentful and purposeful and preferably positive if we want to capture it's true essence.
Meditate on this Ninja.
I'll see you in the next ep!
Follow for more.
Healthy Pull Back or More Downside? QQQ SPY Big 6 Tech Analysis- QQQ & SPY potential bearish pattern H&S forming
- Still a very healthy consolidation pull back at the moment
- TSLA 4 hour time frame 12 EMA full bull control guide
- NVDA rising wedge pattern is my guide
- GOOGL daily downtrend potentially shaping up
- AMZN similar to GOOGL cant get out of its chop box zones rejected resistance again today
- MSFT starting to pull back enough that if next bounce is shallow might start to shape up more downside
- AAPL strongest of them still very shallow pullbacks and healthy at the moment, 12 EMA 2 day time frame absolute full bull control