Nvda_analysis
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of NVDA is below 30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
NVDA Trend UpdateThe linear regression channel on the above chart is illustrative of 4 standard deviations of potential linear price range. 2 standard deviations up, illustrated by the +2SD and 2 standard deviations down as illustrated by the -2SD along with the linear mean which is labeled LM.
NVDA has fully reverted back to its linear mean (LM) in the 131 price region.
A moderate bounce off the mean up through the 13 day EMA (blue) and below the 65 day SMA (pink), would not be unreasonable to expect after the recent sell off and given the level of oversold on the 1 day RSI.
For NVDA to indicate a bullish trend capable of taking out its all time highs (ATH), we would need to see a breach of the 166 price region, which would be a retrace of the 0.5 Fib from ATH and which also currently seems unlikely to occur.
It is our position that NVDA is in the 5th and final wave down of its Elliot Wave cycle and will most likely bottom out in the 120-100 range over the course of the next few weeks.
It should be noted that a return to the pre-pandemic highs as illustrated by the horizontal white line in the bottom of the price box, is not out of the question and would fall within 3 standard deviations (only two standard deviations are shown) from the linear mean, making it an improbable but possible occurrence.
Given the liquidity constrained monetary environment, hawkish Fed posture and potential for degrading geo-political relations with China to result in net margin compression, the uncertainty around the future price of NVDA stock is currently high. When the market perceives uncertainty around the ongoing viability of a particular company’s future revenue streams and the potential for increased production costs appears to be looming on the horizon, the bid/ask spreads widen which subsequently provides the catalyst for price volatility to ensue as buyers and sellers struggle to agree on price.
(NOT FINANCIAL ADVICE)
NVDA DAILY WOLFE WAVE SETUP OVER THE WEEKENDOn Sept 2, 2022, a daily wolfe wave entry was triggered. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Since there is no apex associated with the daily wolfe wave, an alternative price objective would be required using gaps, previous support levels or time. If there was an apex formec, then the projected target is defined by identifying the apex location and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Short term target is near gap at 150 or 21 day ma which is 164. Conservative level would be 155. I hope this helps.
$nvda Capitulation? Last line of support! NVIDIA$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level
HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume.
In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer.
Fear is looming. Are you buying this blood?
$NVDA Bounce for puts🔸️Ticker Symbol: $NVDA timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: With the expectation that we will get a bit of a bounce in the markets on Tues, following the end of last week selloff; maybe NVDA will follow suit and find some strength into the higher Order Block around 139.13-139.45. With the bearish sentiment leveraged into this next week; I'd expect to see a rally into the Order Block level and rejection to create a LL swing beneath 132.70; this set up is short term, and could happen as early as Tue.
Strictly using Trendsi ATS/ Dashboard/ Regression Channel; we are currently sitting neutral, with MM from the dashboard moving higher; which indicates money coming in to push price higher; at least in the short term.. but come Tue, I will be looking to execute an intraday trade/ swing puts on NVDA if price runs into the 15 minute order block.
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NVIDIA Long Term BuyNvidia back at a all time LOW + DEMAND zone price previously, violently reacted too on multiple occasions along side an INVERSE HEAD & SHOULDERS pattern that corresponds with the demand zone. News recently dropped price pretty nicely which should catch the eye of investors because who does'nt love a discount? Im looking at this for long term and short term but mainly long term hold due to the risk to reward that the demand zone gives us. NVDA is an extremely valuable business that manufactures GPU's that major consumer brands like Amazon, Facebook, Google and Tesla rely on which means the future is nothing short of blindingly bright for them. Also, taking into account their biggest competitors are AMD & INTEL, they have no room for slowing down anytime soon. Investing is risky, nothing is 100%.
NVDA daily wolfe wave setup over the weekend tradeThere is a daily wolfe wave setup. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 184 which is expected to reach this price target before August 24 or before earnings. There is also a gap at 181 with a 50 day moving average at 164. I own the July 22 contracts 165c @ 1.35
NVDA Technical analysisLooking at the price action, I can see that it has clean breakout and retested.
Two scenarios I am considering
IF retest hold then It might grind up to 160 . I will taking calls if todays high get hold
If breakout failed then it will be epic fail
I am leaning toward the bullish bias because it has bullish divergence too .
NVDA - Continued Bearish SentimentBack in March, I estimated that NVDA had topped out and I was estimating that it would retreat back to approximately $100 - Well, it would appear we've cut a significant amount of value off the stock price and markets are continuing to dive.
What next?
From this juncture, I believe July is possibly going to be bullish, but I will continue looking for shorts. I am not interested in getting any long term options on NVDA right now and anything options related would likely be a day trade (which I've been killing recently). I will be looking to short the rips for now and it's possible we see a move up to $200 before any more significant downside. For what its worth, we closed last week right on the 200 WEEKLY Exponential moving average (which is at 142.90). The 200 simple moving average is at about $121. Both of these should offer some kind of support. NVDA hasn't traded below these two important moving averages since late 2013.
But the markets are dying!
If you're in the worst case scenario camp, you can reasonably expect NVDA to revisit the lows from 2020 and a move down to about $50 is on the table, though I am not that bearish.
NVIDIA - key support FAILEDNVIDIA
Short Term
We look to Sell at 159.72 (stop at 170.83)
Our bespoke support of 156.00 has been clearly broken. Preferred trade is to sell into rallies. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. Continued downward momentum from 174.40 resulted in the pair posting net daily losses yesterday.
Our profit targets will be 126.78 and 119.10
Resistance: 156.00 / 196.00 / 210.00
Support: 150.00 / 126.00 / 120.00
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