Reversal Day in $NVDAAnother reversal day in Nvidia, but as you can see the stock has a tendency to recover quite quickly.Longby JMS_AZPublished 0
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April. It's then a matter of time before the king follows. 3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction. RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5. 4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest. So, It's not a bad idea to start taking profits. I'll close 75% of my longs now. The rest on a drop below 1070$ or a move close to 1300$ Editors' picksby ElliottWaveBelgiumUpdated 1717181
NVDA short term correction????Be greedy when others are fearful and fearful when others are greedy. NVDA is extremely profitable and AI is the future indeed. However, i do think we are due for a technical correction which would take us below 1k. Thank you & have a nice dayShortby foreignMeerkat66130Updated 116
Is the Surge Sustainable or Just a Temporary Spike?NVIDIA's current price at $1201.58, following a significant rally, suggests a strong bullish momentum. The recent high of $1255.87 indicates the potential for further upside, but the pullback to $1201.58 (down 1.86%) raises questions about near-term sustainability. Considering the current momentum, a speculative price target could be $1300.00 within the next quarter if bullish conditions persist. Long position with a target of $1300.00. Place a stop-loss at $1180.00 to mitigate downside risk. Consider shorting if the price fails to hold above $1180.00, targeting $1100.00 with a stop-loss at $1220.00. NVIDIA’s strong bullish momentum, driven by robust volume and positive technical indicators, suggests further upside potential. However, overbought conditions and significant resistance levels warrant caution. The suggested long position aims to capitalize on the ongoing trend, while the short strategy provides a hedge against potential pullbacks.by AxiomExPublished 3
NVDA - Pop the topNASDAQ:NVDA See a clean 5 wave ending with divergences. Target ~700. Possible this is an even larger degree top from 2022 lows, but will go step by step as pattern evolves.Shortby ponzialchemistPublished 2
Short NVDAI've taken profits on my final NVDA long piece today and opted to go short with a tight stop as I think the turn could be near at hand (post split). Long from 800 exited final piece at 1240. New posn Short 1240 Stop 1280 Target 1000 Return/Risk 3:1by WVS_StockscreenPublished 115
NVDA - Antitrust Scrutiny and AI Market MilestonesMarket Chatter: Antitrust Scrutiny and Milestones in the AI and Tech Industry Antitrust Scrutiny for AI Dominance Microsoft ( NASDAQ:MSFT ), OpenAI, and Nvidia ( NASDAQ:NVDA ) are facing antitrust investigations over their dominant roles in the artificial intelligence industry, according to The New York Times. The Federal Trade Commission (FTC) and the Justice Department have agreed to proceed with these investigations. The Justice Department will lead the investigation into Nvidia, while the FTC will focus on OpenAI and Microsoft. Nvidia's Market Cap Controversy Nvidia Corp. ( NASDAQ:NVDA ) has achieved a new milestone, surpassing a $3 trillion market capitalization for the first time and briefly overtaking Apple’s valuation. However, this milestone has reignited debates about its true value. Aswath Damodaran, a professor at New York University Stern School of Business and known as Wall Street’s "Dean of Valuation," believes that Nvidia’s intrinsic value does not justify its current price tag. He acknowledges the company's compelling narrative and market momentum but remains cautious about its lofty valuation. Short-Term Bets on Nvidia Ahead of Stock Split As Nvidia's stock split approaches, traders are making short-term bets on the stock's movements. Data from Cboe Global Markets shows that 19 out of the 20 most actively traded options tied to Nvidia are set to expire by the end of this week. This frenzy is reminiscent of the activity seen around Tesla's stock split in 2020. On Tuesday alone, Nvidia options worth around $283 billion were traded, dwarfing the $18.7 billion traded for Apple. Nvidia's Ascent in Market Valuation Nvidia has rapidly climbed the ranks of the world's largest companies. Earlier this year, it surpassed Amazon to become the third-largest US company. Recently, Nvidia overtook Apple, securing the second spot with a market value of $3.01 trillion. Nvidia's shares closed at a record $1,224.40 each. The company now aims to challenge Microsoft for the number one position, needing to gain approximately $150 billion in market value to do so. These developments highlight the dynamic nature of the tech and AI industries, with significant market movements and regulatory scrutiny shaping the landscape.Longby SroshMayiPublished 5
Sh_NVI believe that there have been price gaps, and NVIDIA needs to drop to close them before continuing the upward trend or undergoing a deep correction. The recent surge is justified by the AI hype, and I expect yesterday's move was intended to trigger the short positions on the stock. Therefore, I anticipate a short-term decline in the stock, possibly this week, as the rapid ascent will likely be followed by an equally swift profit-taking reaction. I'm 90% confident in my trade, and I will close the position if a 15-minute candle closes above the stop-loss level.Shortby KAIM1777Published 5
I mean .. Lets get real Lets see $966 - Fill the gap Chart speaks for itself. Impressive divergence on the RSI - stronger $970 than $1224 The green dotted line confused me... what is that? Oh its the monthly WVAP. Never seen it that out of wack on a Megacap. Average price over the 12 months is $454. Today the Nasdaq made an all time high, however in the futures market the relative volume was 90% of regular daily volume {RVol Pro if you add the volume to your charts} , lacklustre considering all time highs were achieved. If price can fill this gap, likely the RSI will join in to take it higher, till then this looks like a stop run of the NDX. Shortby MaximiliannedPublished 339
Analyzing NVDA's Breakout Patterns and Strategic Trading InsightDuring the last breakout, NVIDIA (NVDA) surged by 300 points before experiencing a sharp decline of 134 points within two days. This current situation bears a striking resemblance to the previous occurrence. Reaching 1282 would position NVDA as the most valuable company globally, contingent upon Microsoft's valuation. I possess additional market capitalization levels for comparison with Microsoft. I anticipate NVDA's final ascent towards becoming the world's most valuable company, followed by a significant pullback. This scenario echoes Tesla's (TSLA) behavior when it announced its first stock split: a substantial run-up leading into the split date, followed by a rapid 30%+ decline over a few days. Currently, I hold long call options for the upcoming day. I purchased 1200C on Monday, sold the majority, and retained one position overnight. My plan is to transition to put options when NVDA reaches the 1282-1300 level. Trade Idea: 1200P 6/14 at 1282.by KevinBurrowsPublished 116
AI Boom Fuels High Expectations for NVIDIA's EarningsThe whole world is waiting for NVIDIA's new quarterly figures, which the company will release this evening. Analysts have already announced new price targets on the upside: there is talk of $1,200, even $1,500. Is this realistic? Yes, both from a technical and a fundamental perspective. The AI boom is just gaining momentum and is unlikely to turn out to be a bubble in the medium to long term, but rather possibly a new Kondratiev cycle. In the larger time frames, we do not see an overbought situation either technically or from the perspective of the indicators. On the contrary, the MACD is poised for a new upward movement in the higher time frames, and the VOLD indicates a healthy upward trend. The presented trading idea is just one of many ways to benefit from the further upward trend.Longby OchlokratUpdated 4
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where will $NVDA close this Friday 06/07?Bank of America recently raised its price target for **Nvidia (NVDA)** stock to **$1,500** per share. This implies about **37%** upside from Friday's closing price of **$1,095.45**. The increase in the price target follows Nvidia's announcement of its next-gen AI chip called "Rubin," which focuses on artificial intelligence applications. The company's accelerated pace of AI chip advancement likely contributed to this optimistic outlook. Notably, other analysts have also raised their price targets for NVDA stock, with Goldman Sachs and KeyCorp offering positive projections. Keep in mind that stock prices can be volatile, so it's essential to stay informed about any further developments. 🚀 Longby KhanhC.HoangPublished 0
$NVDA slumps as AI hype cools down, Price target :$734 and southThe hype of AI is finally cooling down and the big pump and dump, usually seen in crypto market, is happening on $NVDA. The market went crazy over this stock as NASDAQ:NVDA seems promising with it's GPU and hardware that are quintessential for AI. Now, Investors wants to secure their gain amidst the precarious times of war and election. Fed's policy to keep interest rate as it is signals the inflation isn't tamed. Thus NASDAQ:NVDA will keep falling, Short term Price target : $734 - $677, Medium term Price: $600-$500. This is not a financial advice. Shortby Jay_Mata_LaxmiUpdated 3
Nvidia - Still a correction?Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see an immediate correction of -50%; it is rather important to monitor price action and wait for the right opportunity. -------- Keep your long term vision, Philip (BasicTrading)Short03:01by basictradingtvUpdated 262657
NVDA: The 10-1 Split Chart I'm Watching Now I was hoping for the stock split and it is finally here .. so here's the chart i will be watching (and trading) for the next 2 weeks - thought to share with other traders who like splits (like me ;) ) .. I love stock splits because _ with big names like AAPL, TSLA, NVDA..etc, they generate so much hype and excitement that a split announcement presents a wonderful trading event .. i see so many "gurus" say that a split changes nothing for the stock, and that's true from a valuation standpoint, but the mechanics (option pricing / broker hedging) and trader psychology around a split introduces major catalysts that are known only to few traders.. anyways, that's a whole different topic. there's 2 trading plays here.. one stage is short-term (a 2-week swing), we trade the split between the announcement to the actual record date for a big move up - then there's the longer term Buy/hold of the stocks for few months after the split - for a possible run generated by the demand of new investors coming in to the (now cheaper) stock. Big caveat here, the scenario i have on the chart is only a "possible" scenario - and it may not materialize - no one can predict the market - there are major economic news coming next week - so closely managing this trade is super critical. This is a high-risk/high-reward but i like the probabilities .. the wind is (mostly) favorable now but can turn at any moment.. risk management is the key. i will trade this split with both stocks and long call options (June month expiry) .. i won't keep the options for long, and for the stocks, may unload a part right after the split. i Have my price targets (including the expected call option prices already calculated If you'd like to read more about why I love splits and how i trade them, pls find my old published idea on the AAPL split back in 2020 Note the record date of this split is Thursday June 6th This is not a trade recommendation - just sharing what I'm doing.. Good luck. Longby RedKTraderUpdated 4414
Long Term Bullish on NVDA: Target 1200$Hi, After my TSLA forecast which was confirmed when even everybody on the street was bearish. I am back with NVDA, which is bullish in the long term. I am in a position for the NVDA 1010 Sept. Call. I trust Fortune 50 companies are investing, directly or indirectly, in LLM, which will lead to Cloud sales and intern drive NVDA card sales. The combined CAPEX purely in AI Graphic chipset buying alone would be upward of 2X-3X than any previous year of 2024. Still, I don't have a crystal ball; hence, I will also secure my bet with cheap puts. Please like and share If you like.Longby vishalniitUpdated 116
NVDA: End of the road??Just extended the width of the prior flat. On the overall, maybe 5th wave also ending? Who knows, as long as the AI hype keeps running, Nvda might as well. But… maybe CISCO on 2000?by j_arrietaPublished 2
Nvidia Where iT Will Break ?Hi mates and Trading community so here i am sharing mine a very simple and ordinary idea on Nvidia on the basis of price action support and resistance but hope it will work and will respect to the marked levels. So as we can see that price reaching third time to the marked resistance and getting rejections again from there so i marked up an immediate support (920) if price break this and close below we can see price can touch marked target zone below which is also a support zone based target and if price will break resistance and succeed to close above we can see marked potential upside target in coming sessions target taken from the length of consolidation channel. My view for coming trade execution is not clear so far that is the reason not tagging this publication in long or short category so after any breakout i will update my trade idea accordingly. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amitby AMIT-RAJANUpdated 171749
$NVDA updated levels and path to the top $1170I still think we hit the same upside levels but think we take a different path to get there than I originally thought. I've been anticipating a big move down before we hit the top, and I still think it happens, but I think we go to different price levels and it happens in a different timeframe than I previously thought. Everyone thinks the trade is going to be simple to the $1200 or so price target, however, I don't think it's going to be that easy. I'm anticipating a 20% pullback before we get to the top, to shake out longs before the last leg higher. I think we continue higher up until the $1071 zone (resistance) around May 29th. Then fall 20% or afterwards to $877 region before continuing up on the last leg higher. What would be the catalyst? Well next week we have GDP and initial jobless claim readings on Thursday and then PCE on Friday. I think that would be the catalyst to bring price back down below $900 before the final leg higher. I think it's a sharp quick move, then we resume the path to the top. Top should be the upper resistance levels. Let's see if it plays out. Longby benjihyamUpdated 252513
$NVDA path to the top - $1170ish targetUpdating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is that price moves up to the midpoint at $993-1008. If it breaks it, we likely see the highs at the upper resistance levels. If it can't break that level, it sets up a move down to the lower supports. If those supports hold, then it'll set up one final move to the upper resistance levels. My base case is move to midpoint, reject and then a final move to the highs. But reality is, price can take a number of paths from here. You'll want to long the lower supports, reduce risk at the middle supports and sell the top levels. Let's see how it plays out over the coming month.Longby benjihyamUpdated 9595160
NVIDIA. possible another 59.23% gain. 6/June/24NVDA's 1890 (189 after splitting ) is next major resistance where price meet time by end of the year ( right after US election). by SteveTanPublished 9
NVDA | Euphoria StageI think Nvidia is in the last stage of its phenomenal uptrend. The chart overlay is from the Bitcoin blow-off top 2017.Longby taika808Published 7