Bearish on NVDA to $50 areaMy favorite setup of all time. The broadening wedge. Shorting the top up here.
Key facts today
0.139USD
12.54 BUSD
25.67 BUSD
About NVIDIA
Sector
Industry
CEO
Jen Hsun Huang
Website
Headquarters
Santa Clara
Founded
1993
ISIN
ARBCOM460184
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) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 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
NIVIDIA BULLISH 137 Here IS WHY ? MUST WATCH Morning Traders
I throw the whole kitchen sink at this market from forks to fibs to projections and what we have is the following. We are either breaking up to the 137 range then we will see a nice deep 8-12 dollar retracement. Or we go to 137 and consolidate a touch then keep pushing up to th3 15
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.***
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