NVDA: Great Buy Opportunity, UndervaluedDespite the companies massive value surge over the past couple years, we have been stuck in a horizontal channel for ~6 months. Price has now receded to a supply/demand zone.
NVDACL trade ideas
Cautious optimism to give way to December decline for NVDA
The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see:
Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology.
Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year.
Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand.
The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory.
With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NVIDIA Corp(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# NVIDIA Corp(Extended Hours)
- Double Formation
* 147.50 USD | Swing High | Subdivision 1
* Left, Head(Swing Low) & Right | Pattern Confirmation
- Triple Formation
* Retracement | Not Numbered | 50% At 123.00 USD
* Flat ABC | Continuation Bias | Subdivision 2
* 345 Template Area | Depiction Range | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Distribution Patter for the last few months in Nvidia!Selling started at the top and the price has stayed in range, making multiple attempts for break out.
GREEN TRAPZONE - clear uptrend confirmed with Angle 6 in place now.
RED UMVD - Distribution, i.e. Profit selling.
Most likely a spike above the range as this would be the 3rd attempt, before falling back towards the GREEN TrapZone. Hopefully GREEN UMVD will show up for the strength.
NVDA 200+ BY 2025 Q1??Repeating trend from last year. Numbers based on same measurements as previous trend. We have a double bottom forming and have been consolidating. Thoughts?
$NASDAQ:NVDA Triangle Patterns Trying to Breaking UpwardAs shown in the snapshot, NASDAQ:NVDA is forming a triangle pattern and is currently finding support in the $135–$138 range. The upcoming earnings report from NASDAQ:AVGO could provide a significant catalyst to push NVDA's price above the critical $142 resistance level. If a Santa rally happens, there is a strong likelihood that the share price could climb to $150.
$NVDA, Long, Risk=1/5, TP>15%NASDAQ:NVDA , Long, Risk=1/5, TP>15%
Fundamentally the stock is good.
Choose an entry point and do not forget about a protective order if you are trading with leverage.
Don't risk it if you're not sure.
Good luck to everyone.
NVIDIA - Potential unravelling on horizon The growing bearish weekly RSI divergence and depleting volume is making me think that Nvidia may finally be running out of steam (at least in the short-term).
I'd wager that now so many other stocks are performing well, investors are looking for assets with more room to grow. That's my two cents, I could very well be wrong.
Will check back in a few month's time and see how this one played out.
NVDA_1D_BuyNVDA Stock Analysis Classical pattern analysis style Mid-term and long-term time frames The main range of the number 140 is that this important number and strong probability will become support and the market will enter the rising wave and move towards the target of 170. The profit percentage is 20%
Great that $NVDA held above 133.91It is great that NASDAQ:NVDA held above 133.91 and rise for today. For days NASDAQ:NVDA has been beaten up and now per the diagram below if we break out of the areas of 140.30 tomorrow and 146.62. We will then see breakout to getting above ATH. The daily trend pattern that I've created for the next couple of days will need to see where "c" will form above or below direction.
Have to see other Semiconductor sectors of the following this week.
1) Thursday, Dec 13th after market close NASDAQ:AVGO will have earnings. In my opinion if the market sees their earnings results as positive in terms of direction and demand of Semiconductors then expects for this sector and NASDAQ:NVDA to either trend higher or drop down.
2) NASDAQ:SMH is now getting back to its range of 247.00. We need to see if this holds and break above its range of 248.39. If we see 248.39 then expect its next resistance of 252.17.
For those who are impatient with this stock. Be calm, wait and see this price movement break out of a direction and make sure you have months of time to see your trades play out. Stick to your price targets of risk/reward/stop out.
In my opinion this is a LEAP/buying shares long term play in order to wait out this support and resistance trend for over 1 month. Have to see if this years Santa rally and early Jan 2025 will see this stock at new levels or continue to break down below 129.00 and its many supports.
He wasn't dead, he was just catching his breath.After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level.
Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD.
Don't forget that NVDA is partnering with GOOGL on a groundbreaking quantum chip, a revolutionary development that is set to transform computation over the next decade.
NVIDIA WEEKLY TECHNICAL ANALYSIS. SUPPORTED BY EARNINGS GROWTHIF weekly rsi breaks through the trend we will see a big run up, supported by blackwell and the ai revolution. simple and reliable :)
PT: +300
NVDA Descending ChannelThe inverse H&S on NVDA didn't really play out. Never reclaimed $140 for more than a few minutes. Overall semis have been relatively weak this week. Still waiting for the bulls to step in on this thing as they usually do on all drops.
Might not be in the cards this time, but the market conditions support a recovery and if it can manage to breakout of this channel and reclaim $140 it has a lot of potential for another run to ATH. Downside target is still around $131.50 if it can't reclaim $140.
NVIDIA (NVDA) Daily AnalysisNVIDIA (NVDA) Daily Analysis
On the daily time frame, NVIDIA has already broken out of a triangle pattern and is now forming a potential head and shoulders pattern. Here’s the breakdown of the current structure:
Gray support zone: A critical level to monitor. If this level breaks, the next significant support is the purple support zone, which also aligns with the Point of Control (POC) at this level.
If the price retraces to the purple support zone, it could present a potential entry opportunity with proper confirmation.
Based on the projection from the triangle breakout, the green zone remains a key target for later upward momentum.
This is a free idea I’m sharing with the community. If you find value in my analysis, your likes, shares, and follows would be greatly appreciated. I take the time to share my insights, and your support motivates me to keep doing so. 🙏
Thank you!
Trading Journalpost earnings, the sellers volume has increased.
Will revisit in future but right now trying to keep the gains
Looking tired at this point and needs to reset itself
NVDA- Target Achieved: $135 Hit – Post-Analysis & Market DynamicOutcome Recap: A few days ago, I shared my analysis on Nvidia, highlighting a potential target of $135, which has now been successfully hit. This move was aligned with my expectations as Nvidia showed signs of selling pressure within the marked resistance zone while buyers stepped in around the upper part of the green box.
Key Highlights from My Previous Post:
Selling Pressure (Säljare Zone): The $150-$154 resistance area proved to be a significant barrier, with sellers stepping in strongly as predicted.
Buy Zone ($135 Area): Buyers held firm in the $132-$135 range, a level that had previously shown consistent strength during dips. This zone remains a critical area to watch for future rebounds.
Supporting Market Dynamics: I previously mentioned that Nvidia could face challenges due to:
Overstretched valuation compared to competitors like AMD and Intel.
Google emerging as a strong player in AI-training chips, adding competitive pressure.
General market conditions suggesting profit-taking and reduced buyer momentum.
What Happened Next? Interestingly, while Nvidia hit the $135 target, Google surged—an outcome that aligns with my thesis about Google’s growing competition in the AI chip sector. Meanwhile, AMD and Intel continued to struggle, further validating the narrative of shifting market dynamics.
What’s Next?
As the market evolves, I’ll be closely watching the $135 support zone to see if buyers maintain strength or if a broader market weakness pushes prices lower. On the upside, any breakout above the $150-$154 resistance could signal a renewed bullish momentum. Stay tuned for more updates!
Fibonacci Trend Trading Strategy for NVIDIA (NVDA)Objective:
To capitalize on the momentum following a breakout or breakdown from key Fibonacci levels, particularly focusing on the 0.764 level which NVDA has recently broken down from.
Strategy Outline:
Setup:
Timeframe: Daily chart for broader trend analysis.
Indicators: Fibonacci retracement levels (0, 0.236, 0.382, 0.5, 0.618, 0.764, 1.0).
Lookback Period: 90 days for calculating Fibonacci levels.
Entry Conditions:
Long Position:
Enter when the price crosses above the 0.236 Fibonacci level after a recent dip below 0.764, indicating a potential reversal or strong bullish momentum.
Short Position:
Enter when the price breaks below the 0.764 level, as seen in your chart, signaling a strong bearish trend or continuation of the downtrend.
Exit Conditions:
Long Exit:
Exit if the price breaks below the 0 level or shows signs of reversing back below the 0.236 level.
Short Exit:
Exit if the price breaks above the 1.0 level or shows signs of reversing back above the 0.764 level.
Risk Management:
Stop Loss:
For longs, place a stop loss just below the 0.236 level.
For shorts, place a stop loss just above the 0.764 level.
Position Sizing:
Adjust based on your risk tolerance, but typically, risk no more than 1-2% of your trading capital per trade.
Additional Confirmation:
Use RSI (Relative Strength Index) for confirmation:
For longs, ensure RSI is not in the overbought territory (>70).
For shorts, ensure RSI is not in the oversold territory (<30).
Trade Execution:
Long:
Execute buy order when the price closes above the 0.236 level with a confirmed upward trend.
Short:
Execute sell order when the price closes below the 0.764 level, confirming the bearish trend.
Monitoring:
Regularly monitor the positions for any unexpected news or volume spikes which could affect the stock's movement outside of the technical setup.
Strategy Rationale:
The Fibonacci levels provide clear support and resistance zones which are crucial for trend analysis.
Breaking below a significant level like 0.764 often indicates a strong bearish sentiment, while bouncing back from such levels could signal a bullish reversal.
Using RSI helps in avoiding false breakouts or breakdowns by ensuring the market isn't already overbought or oversold.
This strategy leverages both technical analysis and risk management to trade NVIDIA based on its recent price action against Fibonacci levels, aiming for high probability setups with defined risk parameters.
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign.
With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future.
I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top.
I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NVDAI Defy to find those who are weird enough to hit levels that explain about 80% of price movement...well I'm not the one...but check these pretty print.
no levels, just scan the chart and find what you want...colors are a bit much
Will not release why these lines work and hit where they do...You cant fit what the chart says, so make it up ;}
NVDA: A Deep Dive into Critical Gamma for Tomorrow's actionGamma Exposure (GEX) Levels and Price Action:
1. Key Levels Identified:
* Highest Positive NETGEX (Call Resistance): $150
* A significant resistance zone that aligns with market makers' hedging activities to balance their gamma exposure.
* 2nd Call Wall: $145
* Intermediate resistance with a moderate gamma buildup, representing a potential pause in upward momentum.
* 3rd Call Wall: $142
* A key pivot point where price may either consolidate or face selling pressure if approached too quickly.
* HVL (Hedging Volatility Level): $139
* A dynamic level where market makers manage their gamma risk. This could act as a magnet for the price in the short term.
* PUT Walls:
* 2nd PUT Wall: $135
* Strong near-term support that aligns with a large hedging zone for puts.
* 3rd PUT Wall: $130
* A significant defense level, likely to hold unless broader bearish sentiment dominates.
2. Price Action:
* NVDA is currently trading around $135.30, sitting at the 2nd PUT Wall. A bounce from this level could lead to a retest of $139, while a breakdown might see it gravitate toward $130.
Technical Indicators Analysis:
1. MACD:
* The MACD line is in bearish territory but shows signs of potential convergence. Watch for a crossover near support levels for confirmation of a reversal.
2. Stochastic RSI:
* Currently oversold, suggesting that a short-term bounce may be imminent. However, caution is warranted if broader market sentiment remains negative.
3. Trendlines:
* Downward-sloping resistance aligns with $139, reinforcing its significance as a potential pivot zone.
Options Strategy Plan:
1. Bullish Scenario:
* If NVDA bounces above $139:
* Call Option Entry: Strike price at $145, expiration within 1-2 weeks.
* Target: $145 (next resistance level).
* Stop-Loss: $133.
2. Bearish Scenario:
* If NVDA breaks below $135:
* Put Option Entry: Strike price at $130, expiration within 1-2 weeks.
* Target: $130 (major support zone).
* Stop-Loss: $137.
3. Neutral Strategy:
* If NVDA consolidates between $135 and $139:
* Iron Condor Strategy:
* Sell a call at $145 and a put at $130.
* Buy a call at $150 and a put at $125 to limit risk.
Recommendation for Expiration Date:
* Short-Term Expiry (1-2 weeks): Ideal for directional trades based on gamma positioning.
* Longer Expiry (2-3 weeks): Allows time for price to test broader levels while mitigating time decay risks.
Summary of Gamma Insights:
* The $135 level is critical for NVDA, acting as a near-term support zone.
* A move above $139 aligns with positive gamma momentum, making $145 a plausible target.
* The $130 level is the ultimate defense point, with significant PUT walls indicating strong buyer interest.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and manage risks accordingly.
NVDA Supply Concerns are Overrated Increased military activities by China around Taiwan raise concerns over potential disruptions to semiconductor supply chains, especially since Taiwan hosts TSMC, Nvidia's (NVDA) primary chip manufacturer. While no immediate direct impact on Nvidia's stock price or operations is reported today, the risk of supply chain interruptions could lead to stock volatility, investor caution, and potential long-term strategic adjustments by Nvidia regarding manufacturing diversification.
