Bearish on NVDA to $50 areaMy favorite setup of all time. The broadening wedge. Shorting the top up here.
Key facts today
129.270ARS
10.36 TARS
21.21 TARS
About NVIDIA
Sector
Industry
CEO
Jen Hsun Huang
Website
Headquarters
Santa Clara
Founded
1993
ISIN
ARBCOM460184
FIGI
BBG00P81VXD2
NVIDIA Corp engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.
NVDA: Sell ideaBe careful at NVDA we are in an overbought zone on a time unit of one hour. Given this configuration we would have a high probability of seeing the market go down. Let's be careful and vigilant.
NVDA: Breakout on WatchNVDA remains one of the hottest AI stocks, and has seen prolonged consolidation for nearly 6 months. We are now seeing a trend break to the upside. The past week or so has shown us lower lows, and higher highs. Watching for a couple closes outside this range.
$NVDA Short OpportunitiyReasons I am bearish on NASDAQ:NVDA
4-hour trendline resistance
4-hour bearish order block
Entry: 131.98
Take Profit: 100.27 (scale profits on the way down)
Stop Loss: 140.80
Little rally to trap everyone? Then were caught holding the bag?10-11 expiration for NVDA has way to much open interest at 120 - 130 levels. 118 looks more realistic.
I think we can see a climb to 120-130 early in the week and a huge sell off to 118 to end the week.
If this happens, it opens the door to max pain of 112 - 113 by 10/18.
There are going to be so
Nvidia Lower High (77 Next Target)Yesterday the Nvidia stock (NVDA) produced another lower high, this is the fourth one in a row. This simple signal predicts lower prices.
This lower high is coupled with decreasing volume. Trading volume has been dropping since early March 2024, more than six months.
The main low after the last A
Nvidia - New All Time High Is Coming!Nvidia ( NASDAQ:NVDA ) can rally another +50%:
Click chart above to see the detailed analysis👆🏻
After creating an expected correction of about -40%, Nvidia is now almost back to new all time highs, showing no signs of weakness despite the recent tech stock correction. If Nvidia creates a new
NVIDIA Triangle Formation - Elliot WaveThe sideways consolidation resembles Elliot's triangle pattern, allowing us to design a few trading tactics. The greatest one is preparing to join the BREAKOUT at point D. Triangles are deceptive and can break in either direction, so it's always a good idea to wait for confirmation that aligns with
NVDA Consolidates & Setting up for a bigger move. NVDA Flag. Bullish above the recent highs.
***NOT a financial advice. For educational purpose only.***
$NVDA Shows Strength - Despite $SPY Weakness!Overall, NASDAQ:NVDA was the name to pay attention to today.
Even though the AMEX:SPY traded to the downside, NASDAQ:NVDA held strong with a push above $130.
The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Pot
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