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NVDA trade ideas

NVIDIA Is Setting A Bull TrapWithin 14 days, NVIDIA shares have gained more than 43%. The normal madness of the tech star of the last two years. A new ATH has been set. Now... We see things a little differently. We are currently assuming that NVIDIA (like the market as a whole) is setting up a bull trap. However, we initially expect NVIDIA to rise to the USD 132 area before the price turns down. We select the open gap at just over USD 112 as the target area. In our view, this price target represents a minimum price target, as we expect a very pronounced correction in the overall market of 25-35% in the longer term (for the next six to twelve months).
NASDAQ:NVDAShort
by Ochlokrat
NVDA Technical Analysis (for August 22, 2024)1. Price Action Overview: Chart Overview: The image shows a 1-hour chart for NVDA, which indicates short-term price action. Trend Lines: There are ascending channel lines that the price seems to be respecting, suggesting an upward trend. Key Levels: Resistance: $130.64 Support: $128.52 $127.83 $125.83 (Critical support level) 2. Indicators: Volume Profile: The chart has a visible volume profile on the right, showing areas where significant trading volume occurred. The highest volume node is around the $127.83 - $128.52 region, which suggests strong support. MACD: The Moving Average Convergence Divergence (MACD) is at the bottom of the chart, showing a potential crossover. This could indicate momentum building up, but it needs confirmation. 3. Price Action Analysis: Recent Behavior: The price is currently moving upwards within the ascending channel. It is near the middle of the channel, having recently bounced from the lower trend line. Short-Term Trend: The short-term trend is bullish, as indicated by the upward channel. However, the proximity to resistance at $130.64 may create some selling pressure. 4. Trading Strategy : Scenario 1: Continued Uptrend Entry: If the price breaks above $130.64 with strong volume, enter a long position. Stop-Loss: Set a stop-loss slightly below $128.52 (around $128) to minimize risk. Target: Consider a target around $133-$135, which would be in line with the upper channel line. Scenario 2: Pullback Entry: If the price fails to break $130.64 and shows signs of reversal (e.g., bearish candle pattern), consider shorting. Stop-Loss: Place a stop-loss just above the $130.64 level. Target: The first target would be around $127.83. If the price breaks this level, the next target would be near $125.83. 5. Other Strategies Approach: Options Strategy: Professionals might consider using options to hedge or enhance returns. For example: Bullish Bias: Buy a call option with a strike price slightly above $130.64 if expecting a breakout. Bearish Bias: Purchase a put option with a strike price around $128.52 if anticipating a pullback. Scalping: Given NVDA's high liquidity and volatility, scalping within the channel boundaries might be profitable. Use the 1-minute or 5-minute charts to find quick trades. 6. Conclusion: Bias: The general trend is bullish, but NVDA is nearing a key resistance level. Tomorrow's action will likely depend on whether NVDA can break through $130.64 or if it faces rejection. Watchlist: Keep an eye on volume spikes, news, and broader market conditions as they will heavily influence NVDA's price action. Would you like to explore a specific strategy in more detail or need any other insights? Let me know.
NASDAQ:NVDALong
by BullBear-Insights
3
Nvidia Q2 2024 Earnings PreviewAI Juggernaut Nvidia’s highly anticipated Q2 2024 earnings report is just one week away, scheduled for release after the market closes on Thursday, 29 August, at 6.20 am (AEST). Q2 performance expectations Revenue: $28.544 billion Revenue growth: 211.31% year-on-year (YoY) Earnings per share (EPS): $0.64. Highlights of the previous quarter Expectations are high for Nvidia’s Q2 earnings, given the company’s leadership in several key growth markets. Over the past year, Nvidia has experienced significant demand across various end markets, driven primarily by data centres and gaming. In data centres, the adoption of AI and machine learning has propelled strong sales of Nvidia’s specialised GPUs and networking products. Additionally, the company has benefited from shifting enterprise workloads to the cloud. NVidia’s gaming segment continues to thrive, supported by the rise of eSports, game streaming services, and blockbuster game releases optimised for NVIDIA hardware. What to expect Nvidia’s data centre segment, which includes sales of GPUs, networking gear, and AI software, is expected to grow further as major hyperscale customers like Amazon AWS, Microsoft Azure, and Alphabet GCP increasingly adopt Nvidia chips for AI workloads. Ongoing demand for Nvidia’s latest GPUs for gaming and creative applications is anticipated to remain a key driver of revenue growth. Nvidia’s automotive computing platforms are gaining traction with more electric and autonomous vehicle manufacturers, further boosting demand for the company’s chips. Additionally, the company’s Omniverse 3D simulation platform has seen triple-digit customer growth over the past year, indicating potential future gains in enterprise software. Potential challenges to watch for Supply chain constraints: while improving, may still limit upside potential. If foundry and component shortages persist, Nvidia might struggle to meet elevated demand, which could disappoint investors. A slowdown in the PC market: due to challenging macroeconomic conditions may weaken performance in the graphics segment, dampening overall earnings growth. Economic uncertainty: could also curb business spending if conditions deteriorate, disproportionately affecting Nvidia's data centre and enterprise segments. Increasing competition: from companies like AMD and Intel, which are also investing heavily in AI-focused chips, along with big tech and automotive firms developing their own AI chips, could potentially reduce demand for Nvidia’s offerings. Despite these risks, Wall Street remains bullish on Nvidia stock heading into the Q2 earnings report. Investors are focused on Nvidia’s long-term potential in AI, high-performance computing, autonomous vehicles, and the metaverse. Success in these areas is expected to drive share price momentum post-earnings. Nvidia Technical Analysis Nvidia’s share price is up over 159% year-to-date and has almost fully recovered its 35% drop from June to August. The recovery puts Nvidia’s all-time high of $140.76 firmly in focus in the lead-up to next week's earnings, with a sustained break above here opening the way for a push towards $150. On the downside, there is a strong band of support at $100 before the $90.69 low of early August. Not far below here resides the 200-day moving average at $85.26.
Editors' picks
NASDAQ:NVDA
by IG_com
3
Nvidia's Stellar Rise Amidst the AI Gold Rush Nvidia, the tech giant renowned for its high-performance graphics processing units (GPUs), has been riding a wave of unprecedented success. As the world dives deeper into the realm of artificial intelligence (AI), Nvidia's GPUs have become the indispensable hardware powering the most advanced AI models. This surge in demand has propelled Nvidia's stock to new heights, solidifying its position as a leader in the semiconductor industry. The AI Revolution Drives Demand The rapid advancements in AI technology have created a voracious appetite for computing power. Nvidia's GPUs, originally designed for rendering complex graphics, have proven to be remarkably efficient at handling the intensive calculations required for training and running AI models. Their parallel processing architecture allows them to perform multiple tasks simultaneously, making them ideal for the demanding workloads associated with AI. As AI applications continue to expand across various industries, from healthcare and finance to autonomous vehicles and customer service, the demand for high-performance GPUs has skyrocketed. Companies like OpenAI, Meta, and Google are investing heavily in AI research and development, and Nvidia's GPUs have become a critical component of their infrastructure. Nvidia's Strategic Moves Nvidia has been proactive in capitalizing on the AI boom. The company has made significant investments in research and development to enhance its GPU technology and expand its product offerings. In addition to its traditional gaming GPUs, Nvidia has introduced specialized AI accelerators, such as the A100 and H100, which are optimized for AI workloads. Furthermore, Nvidia has been expanding its ecosystem through partnerships and acquisitions. The company has collaborated with major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform to offer AI services based on its GPUs. This has made it easier for developers and businesses to access and utilize AI capabilities. Challenges and Opportunities While Nvidia's prospects appear bright, the company faces certain challenges. The semiconductor industry is cyclical, and there is a risk of a slowdown in demand for GPUs if the AI market experiences a correction. Additionally, competition from other chip manufacturers, such as AMD and Intel, is intensifying. However, the long-term outlook for AI remains positive, and Nvidia's strong market position and technological leadership give it a significant advantage. As AI continues to penetrate various sectors, the demand for high-performance computing power is likely to grow, providing ample opportunities for Nvidia to expand its business. Conclusion Nvidia's success story is a testament to the transformative power of AI. The company's ability to leverage its GPU technology to meet the demands of the AI revolution has propelled it to the forefront of the semiconductor industry. As AI continues to evolve and reshape the world, Nvidia is well-positioned to capitalize on the growing market and maintain its leadership position.
NASDAQ:NVDALong
by bryandowningqln
NVIDIA Downtrend Line Breakout At $126.58 21.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:NVDALong
by Stuart_Cowell
Technical Analysis for NVIDIA Corporation (NVDA) August 21, 2024Based on the latest chart you provided, here’s a detailed technical analysis of NVIDIA (NVDA) for tomorrow and the rest of the week. 1. Trend Analysis Channel: The price of NVDA is currently moving within an ascending channel, which indicates that the overall trend is still bullish. The price is closer to the lower boundary of this channel, suggesting a potential bounce back if the trend continues. Ichimoku Cloud: The price is currently interacting with the Ichimoku Cloud. Typically, if the price remains above the cloud, it suggests bullish conditions, while below the cloud indicates bearish momentum. The price appears to be inside or near the edge of the cloud, which can be seen as a support area in a bullish scenario. 2. Support Levels $125.88: This level is an immediate support level. If the price holds above this level, it could signal a continuation of the uptrend within the ascending channel. $120.36: This is a stronger support level. A break below this could lead to a bearish move towards the lower levels. It's close to the lower boundary of the Ichimoku Cloud, adding strength to this support. $97.37: This is a long-term support level, which is quite far from the current price. This would likely only be relevant in a significant bearish scenario. 3. Resistance Levels $129.93 - $130.00: This is the immediate resistance level. Breaking above this could indicate a continuation of the uptrend and may attract more buyers. $137.31: If the price manages to break above $130.00, this is the next resistance level to watch. $140.99: This level is higher and represents a significant psychological and technical barrier. 4. Indicators Volume: The volume has been relatively low, which might indicate a consolidation phase or lack of strong buying/selling interest at the current levels. Moving Averages: If you’re using the 15 EMA (yellow line) and 161 EMA (purple line), check their interactions with the price. Crosses between shorter and longer EMAs can often provide buy or sell signals. 5. Trading Strategy Bullish Scenario: Entry Point: Consider entering a long position if the price bounces off the $125.88 support level with confirmation, such as a bullish candlestick pattern or a strong bounce on the 1-hour chart. First Target: $130.00 - Secure partial profits here if the price tests this level. Second Target: $137.31 - If the bullish momentum continues, this level could be your next target. Stop-Loss: Place a stop-loss below $125.00 to protect against unexpected bearish moves. Bearish Scenario: Entry Point: If the price breaks below $125.88 and closes below the lower boundary of the Ichimoku Cloud, consider entering a short position. First Target: $120.36 - This would be the immediate target if bearish momentum picks up. Second Target: If $120.36 breaks, the next significant support is at $97.37, although this is a more extended move and may not happen within the week. Stop-Loss: Place a stop-loss above $130.00 to protect against potential upside breakouts. 6. Market Conditions Earnings: Note that there is an earnings report (indicated by the “E” on the chart) on August 27th. Be cautious with positions going into earnings as the price can become highly volatile. Overall Sentiment: The semiconductor sector, which includes NVDA, has been under both technical and fundamental scrutiny. Pay attention to broader market sentiment, especially related to tech stocks. Conclusion For tomorrow and the rest of the week, NVDA is at a critical juncture. Watch for how it interacts with the $125.88 support level and whether it can break through the $130.00 resistance level. Employ appropriate risk management and be mindful of the upcoming earnings report, which could add volatility to your trades.
NASDAQ:NVDA
by BullBear-Insights
6
NVDA reclaimed the daily 50 SMA along with QQQ.NASDAQ:NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with NASDAQ:QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.
NASDAQ:NVDALong
by DMT_Doctor
6
go long NVIDIA (NVDA) stockTechnical Analysis Current Price: $127.47 (down 1.95%) Stock is trading above 50-day, 150-day, and 200-day moving averages RS Rating: 97, indicating strong relative strength Meets all criteria in the Mark Minervini template Recent earnings growth: 461% YoY (May 2024) Recent sales growth: 262% YoY (May 2024) Conservative Trading Plan Entry Strategy Wait for a pullback to the $120-$122 range This area is closer to the 50-day moving average ($115.1) and provides better risk/reward Position Sizing Assuming $10,000 capital with maximum risk of $1,000 Enter with 1/3 of intended position size at initial entry point Add remaining 2/3 on confirmation of upward momentum Stop Loss Set initial stop loss at $114, just below the 50-day moving average This represents about 5-6% downside risk from the suggested entry range Profit Targets First target: $136.15 (previous high) Second target: $140.76 (52-week high) Final target: $150 (psychological level) Exit Strategy Scale out 1/3 of position at each profit target Trail stop loss as price moves up, using the 20-day moving average as a guide Risk Management Strictly adhere to position sizing and stop loss rules Monitor overall market conditions and sector performance Keep an eye on upcoming earnings reports and company news Analysis NVIDIA shows strong technical and fundamental characteristics, making it an attractive long candidate. However, the stock has had a significant run-up, so a conservative approach is warranted. The company's impressive earnings and sales growth, coupled with its leadership in AI and graphics processing, support a bullish outlook. The stock's high RS rating and adherence to the Minervini template further reinforce its potential. However, potential risks include: Overall market volatility Potential sector rotation out of technology stocks Valuation concerns given the recent price appreciation This conservative plan aims to capitalize on NVIDIA's strength while managing risk through careful entry points, position sizing, and a disciplined exit strategy. Always adjust the plan based on changing market conditions and your personal risk tolerance.
NASDAQ:NVDALong
by curtischangTW
Market Analysis and Projection: NVIDIA Stock OpportunityI WILL BUY NVIDIA STOCK AT $112. On the 5th of this month, NVIDIA (NVDA) experienced a significant downturn, with its stock price plunging to approximately $90—a day marked by widespread volatility in both the financial markets and cryptocurrency sectors. As of now, NVDA has rebounded to $115. Based on my market analysis, I am anticipating a pullback to $112, at which point I plan to initiate a buy position. My target for take profit is set around $126. For investors and traders, NVDA still presents a strong potential for growth, making it a stock worth monitoring closely.
NASDAQ:NVDALong
by ForexClinik
NVIDIA (NVDA) Technical Analysis for August 20-23, 2024Chart Overview Rising Wedge Pattern: NVIDIA is currently forming a rising wedge pattern on the 1-hour chart, similar to what was observed with TSLA. This pattern is generally seen as bearish, especially as the price nears the upper boundary, which often leads to a breakdown. Volume Profile: There's significant volume concentration around $125.06, indicating that this level could act as a critical pivot point. Above this, the next major resistance is around $129.12. Support and Resistance: Immediate Support: $125.06 Next Major Support: $120.45 Immediate Resistance: $129.12 Critical Resistance: $135.00 MACD: The MACD indicator on the 1-hour chart shows some bullish momentum but with signs of potential divergence, hinting that the upward momentum might be weakening. Current Market Data Impact Sector Influence: NVIDIA is highly sensitive to broader tech sector movements and economic indicators. With FOMC members speaking and other critical economic data due this week, NVDA could see increased volatility. Trading Strategy For Tomorrow (August 20, 2024): Bullish Scenario: If NVDA breaks above $129.12 with strong volume, it could be a signal to go long with a target towards $135. However, be cautious as the rising wedge pattern might still play out. Bearish Scenario: If NVDA fails to sustain above $129 and starts breaking down from $125, it could trigger a move towards $120, aligning with the lower support level. For This Week: Bearish Outlook: Given the rising wedge pattern and potential economic headwinds, a more conservative approach would be to watch for a breakdown and trade the downward momentum towards $120.45. Scalping Strategy: Utilize the $125-$129 range for quick in-and-out trades, keeping a close eye on volume and broader market cues. Conclusion NVIDIA is at a crucial juncture, with a rising wedge pattern suggesting a potential pullback. The stock's immediate future will likely be influenced by broader market sentiment and economic data releases. Suggestions: Monitor economic releases and market sentiment closely. Consider reducing long exposure if NVDA breaks down from the wedge pattern, particularly if the broader market shows signs of weakness.
NASDAQ:NVDA
by BullBear-Insights
NVDA - Looks like wave 3 material hereOnce again, NVDA is proving to continue to be the bubble that keeps on inflating. We pushed through that $118 level that I was eyeing and kept plowing. I am certainly not interested in shorting this asset and I've spent the last few trading days doing nothing but daytrading options for NVDA. I'm still interested in buying back my equity at some point, but likely I will have to wait for another day to do so. More resistance up here at the 130/132 level so be cautious going into Wednesday's FOMC minutes. Short term equity traders especially should take caution buying up here. Longer term trading strategies can work, but realize that even though it's an election year, Sep/Oct tend to be the worst performing months. Maybe this year is different? :-)
NASDAQ:NVDA
by bitdoctor
NVDA Nvidia Buy the Dip OpportunityIf you haven`t bought NVDA before the breakout: It's important to note that the leading company in Artificial Intelligence is currently trading at a Forward P/E ratio of 29.48. This valuation suggests it might be relatively inexpensive for investors considering a long-term position. Given the company's strong market position and growth potential in the AI sector, this could be an opportune time to enter, especially if you believe in the sustained growth and innovation of the industry. The Forward P/E ratio is a key indicator of expected future earnings and, at this level, it indicates that Nvidia is reasonably priced in comparison to its future earning potential. My price target for the end of the year is $140-145.
NASDAQ:NVDALong
by TopgOptions
1
NVDA 8/191. Market Structure Analysis Trend Analysis Short-Term Trend: NVDA has been in an uptrend, as seen in the ascending channel on the 1-hour chart. The price has been making higher highs and higher lows, which indicates a bullish market structure. Medium-Term Trend: The broader trend since the beginning of August also supports the uptrend. NVDA has recovered from lows around $96.87, establishing a series of higher lows. Key Levels Resistance Levels: $125.00: Current near-term resistance. $136.14: Medium-term resistance, likely to be tested if momentum continues. $140.78: A significant level, representing a possible target if the uptrend strengthens. Support Levels: $124.23: Immediate support if NVDA pulls back. $114.33: A key support within the ascending channel. $96.87: Stronger support, representing a low from earlier in the month. 2. Last Week's Market Data and Influence Market Sentiment Broader Market Influence: Last week, major indices like the S&P 500 and NASDAQ saw mixed performance with some volatility due to economic data releases and earnings reports. NVDA, being a tech-heavy stock, is influenced by the overall tech sector's performance. A positive sentiment in the tech sector, driven by strong earnings and AI-related news, could have contributed to NVDA's continued strength. Sector Strength: The semiconductor sector, including NVDA, has shown resilience despite some broader market uncertainties. The AI boom and NVDA’s strong position in this space have been key drivers. Volume Analysis Volume Trends: If volume was increasing alongside the price last week, it would suggest strong buying interest, indicating that the uptrend might continue. On the contrary, if volume was decreasing, it might signal that the rally is losing momentum, which could lead to a pullback. 3. Possible Direction for Monday Bullish Scenario Breakout Above $125.00: If NVDA breaks above the $125.00 resistance early on Monday with strong volume, the next target could be around $136.14. This move would confirm the continuation of the current uptrend. Support Hold: If NVDA pulls back but holds above $124.23 or within the ascending channel, it might provide a good buying opportunity for a push higher. Bearish Scenario Rejection at $125.00: If NVDA fails to break above $125.00 and shows signs of exhaustion, it could retrace towards $114.33, especially if broader market conditions are weak. Break Below Channel: A break below the ascending channel's lower trendline (around $114.33) with increased selling pressure could signal a deeper correction, potentially targeting the $96.87 support level. 4. Catalysts to Watch Earnings Reports & Economic Data: Pay attention to any semiconductor-related news or earnings, as well as key economic data that could influence overall market sentiment. Broader Market Movement: Monitor the NASDAQ and other tech-heavy indices for signs of strength or weakness, as this will likely affect NVDA's performance. 5. Conclusion Bullish Bias: Given the current trend and market structure, NVDA appears poised for further gains if it can break above the $125.00 resistance. However, caution is warranted near resistance levels, and any pullbacks should be closely watched for potential buying opportunities at key support levels. Key Indicators: On Monday, focus on early price action around $125.00 and monitor volume. A strong break could lead to a rally, while failure might lead to a retracement.
NASDAQ:NVDALong
by BullBear-Insights