NVDA | Is the AI Hype Over?Nvidia's impressive rally may be showing signs of exhaustion. The Wave Trend Indicator has formed a bearish divergence against price action, suggesting potential weakness ahead.
NVDA trade ideas
NVIDIA (NVDA) - Daily ChartA breakout to new highs presents an excellent opportunity.
This is one of my fundamental approaches to chart analysis.
Why is that? In the market, there are both buyers and sellers.
When the battle between buyers and sellers is evenly matched, the market enters a range-bound phase.
A breakout to new highs signals that this balance of power has shifted decisively in favor of the buyers.
Here’s why: until the breakout, both buyers and sellers could have been in profit or loss.
However, the moment the price breaks to a new high, all buyers are in profit, while all sellers are in the red.
Now, let’s consider the scenarios where the trend continues after the breakout versus when it struggles.
What do you think?
In my view, the support-resistance flip is crucial after a breakout.
A support-resistance flip means that the previous high, which acted as resistance before the breakout, becomes a support level after the breakout.
If this new support level holds and functions effectively, the support-resistance flip is successful, making it easier for the trend to continue.
On the other hand, if the flip fails, it suggests that buying momentum has weakened, making a market reversal more likely and the trend continuation more difficult.
So, what will happen with this stock?
Let’s keep an eye on it and watch how it unfolds!
DECEMBER starts by continuing a run down to 108 before the runThe monthly gives us a clue from the trendline in the past month, so let's say I wait until it retraces to below the trendline. Once that happens, I will review whether it returns to the trendline. Over that, that's at least a 50-point gain, if not a 50-point decline previously.
NVDA shortNVDA after earning shows bearish movement. With a bull trap forming in the 30 min chart. Consolidating around 135 after closing. Bearish till mid decemeber
Rounded weekly Price look like it can run higher. Good risk to reward if semi can catch up. Consider debit call in March 150-155.
Rounded weekly Price look like it can run higher. Good risk to reward if semi can catch up. Consider debit call in March 150-155.
NVIDIA Technical Analysis : $153 in Nov'24NVIDIA is currently trading near $143.25 at Monthly R2 Pivot Point. It tried to break the R2 three times in this month, Oct 21st, 22nd and today 25th. It is very likely that it will continue going up in coming days.
RSI MA Cross has not given a signal on either direction since Oct 2 2024.
There are two scenarios based on Monthly Pivot Points:
1) If the price breaks R2, then expect it to pullback near next month's Monthly M3, and then go higher to next month's R1 ($153) Pivot Point.
2) The second scenario suggest deeper pullback to next month's Monthly Central Pivot Point ($134) and then continue going higher to R1 ($153).
Please note that next month's pivot point might change based on the price action today and four days of next week before the month ends.
I don't see any changes in NVIDIA's fundamental outlook in near future, so it may touch $153 sometimes in November.
NVDA reaching levels of interest/potential support.NVDA looking set to test the lower boundary of its Fibonacci Channel off the 2022 lows. $130-$125 should be monitored, if weakness persists. If price clears $125, $97.50-$90 next zone of interest. Lets see how it plays out, bouncing off the lower boundary would be perfectly normal and new all time highs a high probability. Lets see how it plays out.
NVDA is comming down? Hello everyone, apparently NVDA is having a bearish trend and according to my graph patterns it will start to go down more and more, could you share your thoughts about that?.
I am still learning by myself and I would like to receive some comments about my analysis, please feel free to ask or say something about what I did.
NVDA To RISEwww.tradingview.com
If NVDA break $130 its likely to go near $120 zone and a strong possibility to get support from $120 zone as support line and 50 day MA is also passing from that zone.
It has to hold support at $120 zone. If it breaks, price will fall to $90-100 zone again.
But according to me it will get support from $120 zone because NVDA BLACKWELL chips launch announcement and a new year NVDA event would become a booster to launch it again 🚀 to sky.
NVDA To RISEwww.tradingview.com
If NVDA break $130 its likely to go near $120 zone and a strong possibility to get support from $120 zone as support line and 50 day MA is also passing from that zone.
It has to hold support at $120 zone. If it breaks, price will fall to $90-100 zone again.
But according to me it will get support from $120 zone because NVDA BLACKWELL chips launch announcement and a new year NVDA event would become a booster to launch it again 🚀 to sky.
NVDA - First Target hitFirst Target Hit @ 131.11
Retracement expected from here on before we continue to test next lows.
NVDA - Key Driving Asset in this years Rally about to DIPNVDA - the previous lows are imminent.
- First Swing High in 4H Candle, closing bearish.
- Upside Momentum is fading.
- Volume constantly droping
$NVDA - 50 EMA support needs to hold or downsideNVDA- CHannel breakout to the downside. Stock is testing 50 EMA and held that support level. Puts below $135.86 for a move towards $130 and lower. Stock is weak on indicators. IF holds 50 EMA we can see a reversal towards FLAT top at $150
NVDA: Will the Descending Wedge Trigger a Breakout? Nov. 27, 202NVDA is trading at $136.28, consolidating within a descending wedge pattern, a formation that often signals a potential bullish reversal. With key support holding strong at $135, traders are eyeing this stock for its next major move. Let’s break down the analysis and outline actionable strategies for both short- and long-term traders.
Market Structure and Price Action
* Current Price Action:
NVDA has been trending downward but is now nearing the apex of its descending wedge. This suggests reduced selling pressure, potentially signaling an imminent breakout or breakdown.
* Volume Analysis:
The declining volume during the wedge's formation indicates a contraction phase, which often precedes a volatile breakout.
Key Levels to Watch
* Support Levels:
* $135: Immediate support, where buyers have repeatedly stepped in.
* $127.50: Critical secondary support. A breach below this level would confirm bearish sentiment.
* Resistance Levels:
* $139.30: Immediate resistance within the wedge.
* $142.50: A breakout target and key area to watch for confirmation of bullish continuation.
Potential Setups
* Bullish Setup:
* A breakout above $139.30, coupled with strong volume, could push NVDA toward $145 and beyond.
* Swing traders may target $150, while day traders can monitor intraday pullbacks for entries above $139.
* Bearish Setup:
* A break below $135 with heavy selling pressure opens the door to a move toward $127.50.
* Short opportunities exist below $135, targeting incremental levels like $130 and $127.
* Range-Bound Strategy:
* Until a breakout or breakdown occurs, NVDA remains range-bound between $135 and $139. Scalpers and intraday traders can exploit this range for quick gains.
Indicators in Focus
* MACD: Bearish crossover suggests downward momentum in the short term. However, the MACD line is flattening, indicating potential consolidation before a directional move.
* Trendlines: The descending wedge resistance and support are converging, reinforcing the likelihood of a breakout or breakdown soon.
Market Sentiment
* Retail traders are optimistic about a potential breakout, seeing the descending wedge as a bullish opportunity.
* Institutional investors are likely waiting for confirmation of a breakout above $139.
Outlook
* Bullish Case: A breakout above $139 could lead to a strong rally toward $145 and possibly $150 if broader tech sentiment remains positive.
* Bearish Case: A breach below $135 may result in a retest of $127.50, with downside risks tied to macroeconomic headwinds or tech sector weakness.
Final Thoughts
NVIDIA is at a technical crossroads. With the descending wedge nearing completion, traders should monitor volume and price action at key levels. Patience will be rewarded with either a breakout opportunity for bulls or a breakdown setup for bears. Watch $139 for a bullish trigger and $135 for bearish confirmation.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional before trading.
NVDA is done for this cycleI'm calling the TOP on NVDA.
It has finished a 1/5 wave, and I believe now it's inside an ABC corrective wave. ABC are measured with fibonacci retracements and extentions, but easily there could be a double zigzag that send NVDA even lower.
Bonus: Notice the rising wedge and the falling volume that tells us that the uptrend is now exhausted.
NVIDIA $NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024
BUY/LONG ZONE (GREEN): $148.75 - $165.00
DO NOT TRADE/DNT ZONE (WHITE): $138.00 - $148.75
SELL/SHORT ZONE (RED): $118.25 - $138.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA reports earnings today, these are the areas that I will look for significant price movement at. The market is anticipating around an 8.5% move, roughly an $11.50 move in either direction, based on ATM option prices, or an 11%-12% move, roughly $16.50 move in either direction, based on volatility calculations.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts,
LONG NVDA at 135.93 because it's oversold There's not really much more to say that I haven't said the last 2 times I cleaned up on $NVDA. See my previous NVDA ideas for details. It's a good stock, it's still in an uptrend, it's on sale, and my algo hasn't been wrong yet on it, so why stop now? I'm going long because Black Friday came a little early this year.
_______________________________
Per my usual strategy, I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any price that is profitable.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Short $NVDA - Macro PlayYep, I'm a contrarian. It is time to short $NVDA.
Way overbought on RSI. Decreasing volume. Wicking candles... and, on top of that, I see some cyclicality here. We tend to see this with Nvidia since 2018 where the rallies are followed by a quick precipitious drop. The next cycle shift should start in January and should likely be a 6-month drawdown.
I'm betting we see the price back down to the mid-range EMA cloud and test a price range of $75 to $45. If you go short, just know that this is going to be a difficult one to hold through the journey given the focus on this stock.
That said, number can't go up forever.
$NVDA: OUTLOOKNASDAQ:NVDA : OUTLOOK
Tomorrow, I’m eyeing a potential SHORT/PUTS trade on $NVDA. 📉
The game plan?
I’m waiting for it to rise to my FVG (Fair Value Gap) for a REJECTION, then targeting my LIQUIDITY LEVEL.
👉 LIKE & FOLLOW for more trade insights!
NVDA JAN 2024Breakout from large multi week base with little to no major dips. One breakout opportunity and one follow up.
The Probabilities are stacking up that Nvidia has ToppedAs I have long forecasted, Nvidia is coming into a top of either primary or intermediate degree proportion. The answer to that burning question of mine I believe gets answered in the depth of the price action's retracement lower.
Determining this answer, for me personally as an analyst, is whether or not that eventual retrace can hold above the $90.68 level, which as of this morning stands at 34% lower...so by no means am I looking at this as a mere retracement. 34% is nothing if not significant.
Along the way, we're more informed in the confidence of this forecasted pathway, if price breaches the important $128.74 level. Upon seeing such price action, I believe in the weeks (or months) ahead we could see Nvidia's price action first test $102.73 area. To hold that level and reverse in a micro 5-wave pattern, could bring about our final advance into the $170 (+) area for a long term top. That top I am forecasting in years...not months.
To breakdown below $102.73 could see us decline to as low as the low $70's before a corrective (but Tradeable) rally takes place.
Best to all,
Chris
