Nvidia Analysis 17.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidiacorporation
Nvidia Analysis 15.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Nvidia Analysis 09.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
NVIDIA Corporation | Strong Bullish Bias, Looking Like CryptoI remember NVIDIA from when I was a young kid... NVIDIA, Intel, AMD as they made the chips and graphic cards for all of our playing/gaming... Those days.
See how things converge, now NVIDIA is intertwined with Cryptocurrencies and once again this is our playground, with Cryptocurrencies we work and play.
NVIDIA Corporation (NVDA) Weekly Chart Analysis
There is a very strong bullish bias fully confirmed on this chart.
The classic signals go as follow:
- Trading above EMA50, EMA10 and MA200.
- Very strong RSI on a high timeframe.
- Multiple consecutive weeks of bullish action/green candle close.
Back in March 2020 NVDA produced a V shaped recovery and bounced right off the MA200 line. This lead to a strong bull-run.
Now, in October 2022 NVDA produced a V shaped recovery bouncing right off the MA200 line. Closing above 174.16 opens the door for additional growth.
What's more:
- We have a perfect 5 wave abcde correction preceding the current bullish action.
- The low also ended exactly at a -9 on the TD Sequential.
- The low/support also matches perfectly the 0.786 Fib. retracement level relative to the bullish wave from March 2020 to November 2021.
All these signals are telling us that a cycle is complete.
That support is strong.
That NVIDIA is ready for sustained growth.
Namaste.
NVIDIA Corporation Technical AnalysisAfter a drop of little over 60% in the past year, NVIDIA has created a bullish divergence on a previous support line.
1 Year analyst targets according to Tradingview is $202/share, which constitutes roughly a 60% price increase
from current price.
My plan for NVIDIA as of right now is a swing trade earning to make anywhere from 30-50% in the next couple of months,
I don't see the stock price falling drastically more as of right now, according to the fundamentals we have seen a
drop quite consistently with the drop we have seen thus far reflected in the stock price.
I'm looking to take profit around the previous high of $190/share, most likely liquidating my position at $185/share,
netting a total of +47% ROI from today's price.
If NVIDIA were to drop further, (although I don't see it dropping below $100/share without the help of external factors)
I still think NVIDIA is a solid company as well as they have a major market share in the computer
technology sector, and I will most likely retain my position were the price to drop further, although
this would have to depend on a revision of my current analysis.
Summary:
NVIDIA created a divergence on previous support on 4H chart.
Entry price: $125/share
Target price: $185/share
Long-term holding possible if swing trade does not
turn out as expected, granted fundamentals does not change.
Disclaimer:
It might not be a bad idea to conduct a qualitative analysis
of the computer sector if you want to follow my trade
as there is a lot of external factors happening in the world
that might affect the result of this trade.
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.
$NVDA Nvidia TECH Chart has not shown any signs of reversal$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth.
Nvidia has not shown any technical signs of reversal on the lower timeframes yet.
Above I've marked important levels on the weekly timeframe.
With the slowing growth of $ETH and other crypto currencies, tech stocks like Nvidia and Micron are directly related and effected by the mega drop in value as demand for graphic processors and mining decreases.
It's pretty obvious that $NVDA is a top tier company in graphic processors and this decline is mostly due to the decline in our economy. As we progress into the digital age NVIDIA has high probability to bounce back to new heights (of course this could take 12-18 months unless they expand rapidly into different avenues of technology).
I will update if I catch any technical chart indications of possible reversal.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Nvidia coming into resistance? NVIDIA
Short Term - We look to Sell at 210.20 (stop at 228.47)
Our bespoke support of 210.00 has been clearly broken. We look to sell rallies. Rallies continue to attract sellers. The 61.8% fibonacci extension level is the target.
Our profit targets will be 160.25 and 124.10
Resistance: 210.00 / 250.00 / 290.00
Support: 160.00 / 150.00 / 126.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVIDIA (NVDA) | Approaching Technically a Strong Buying Zone!Hi,
1. Channel projection
2. AB=CD
3. 2xFibo levels
4. 50% drop from the ATH
5. Different TF EMA's
6. Mid-number
7. Strong horizontal area
Do your own research about fundamentals and if its matches with my TA you are ready to go.
Regards,
Vaido
NVDA COMPLETION OF ABC CORRECTIONMarket finished 1-5 Elliot Wave Theory, broke the down trend and is on a verge to complete ABC correction, we are expecting this to be a flat ABC correction, because it is a 88.6 fib zone, the top of down trend line line, which also can be counted as a retrace, sop we expect a bounce off of a trendline and price to rise up to at least B point of a ABC correction.
Target: 290.56 (61.8 fib zone)
Entry: 215.5
Invalidation: 190.5
Nvidia Long Idea$NVDA NASDAQ:NVDA has been a market leader, among the last tech stocks to trade lower during the correction.
$NSDQ100 is still trying to find its way back to above key resistance levels whereas $SPX500 & $DJ30 are already above these levels. Turning point is on the horizon, for now I'm just loading up on better setups.
NVDA Buy AreaI`ve noticed that from time to time NVDA does some intraday retracements from which it recovers.
If you want to buy the sell-off wicks, you can put buy orders between $198 and $215.
In this choppy market there are chances for NVDA to hit the support areas more often before going up again.
Looking forward to read your opinion about it.
NVIDIA to Sell-off? NVIDIA - Short Term - We look to Sell at 269.00 (stop at 291.43)
We look to sell rallies. Previous resistance located at 270.00. Previous support located at 210.00. Trading within a Bearish Channel formation. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 270.00, resulting in improved risk/reward.
Our profit targets will be 211.24 and 201.15
Resistance: 270.00 / 285.00 / 330.00
Support: 210.00 / 200.00 / 190.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVIDIA RISING WEDGE**NASDAQ: NVDA 1D HEIKIN ASHI/2H Normal Candle**
Started with a clean chart…
On the Daily Time Frame
A Descending Broadening Wedge mostly bullish.
The Fibonacci series pulled into the downtrend (high to low) where we should be watching the Golden Pocket in particular. Should the bulls come above and re-test it could give an impulse to look further up again. If we are rejected, the bulls will have to recharge to make another attempt, which could be accompanied by a decline beforehand and gaps will be filled. There is also the possibility to print a W pattern ($269 in that case would be the neckline).
On the 2H chart I zoom in on the last leg up where we find an Rising Wedge which could be a reason for a decline. breaking out on the pattern we see that the re-test is now taking place which could be an important point for the bulls to re-enter the pattern and break out on the Descending broadening wedge. In the event of a rejection, it gives the bears the chance to fill the specified gaps (reason of the normal candle view).
The annual figures will be presented today after the close of the stock market.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*