Bull Pennant on the 4HRBull Pennant on the 4HR.. With the Fed rate decision looming, good news could spark the fuse on this. Longby impossiblebull6
NVDA MICRO ANALYSIS TO LOOK FOR ON WHERE WE ARE GOING Good evening traders, It's super late here; however, I wanted to inform you of some levels with this video to give you the information needed to make a better trade. Based on what I see, we can do the following: -Correct up to the middle pitchfork area and head back down. -Correct up to the 50%, 61.8%, or 78.2% fib line and back down. -Break all those levels up and keep going to 145. Let me know what you think of the video: questions, comments, what you liked, didn't like—let me know in the comments below. Happy hunting, MB TraderLong08:35by Mindbloome-Trading3
NVIDIA _ Corporation_ Trading _ Entry _ Strategy + Update _ on _NVIDIA _ Corporation_ Trading _ Entry _ Strategy + Update _ on _ Previous _ Numbers. Numbers pretty much stay as same as previous published, same as 12 will come again tomorrow! Retest = Entry level depending on a support confirmation over previous resistance = Yesterday. Most likely will start ascending from the following key level, $112.54 to $109.92. ________________________ 1st Trade executed level = $124 follow by $128.93 Lower Mid Retest then will finish at the 1st Distribution price = $137.78. ________________________ Watch for lower data as there is a small Retest is missing = Purpose of repeat cycle over Quarter 2 for arrival of Quarter 4! by Skill-Knowledge-Conduct2
NVDA continues to show more selling aheadNVDA has clearly finished its brief rally failing to reach long term resistance level. A new downtrend has commenced first broke under its upward trend and failed to regain new downward trend formed, attempted to break above but failed and sold off volume has increased as the sell off continues solidifying the downward trend RSI validate the sell off by also steadily trending down as the price moves lower We should expect NVDA to continue with its sell offShortby ratchet-mint8
NVDA covered callLove this area. IF NVDA DROPS, I'll buy more shares! But, I wanted to take advantage of the volatility of FED coming up. GETTING $2.00 is amazing. I'll set a limit buy to purchase this back for $.78 Longby Reallifetrading336
NVDA 4 hour : How High Are We Going????Good morning Traders Today's quick video I look at the four hour approach on the different things this market can do: 1) We go the top then retrace down 2) We break the Top and then retrace then back up to 122 range 3) We hold on the top and then we make a tight triangle holding this market in then we see a break up or down Enjoy the video Any comments or questions let me know Happy Hunting MB Trader 09:32by Mindbloome-Trading224
NVDA is the Biggest and Badass Consolidation PatternNVDA is inside the biggest and most impressive symmetrical triangle I've seen in a long time. As it's also known as a continuation pattern, there is a higher chance of a breakout, potentially reaching an all-time high very soon. The RSI and MACD, after showing significant bearish divergences, are now stable and indicate the possibility of a new upward move. The MACD has a positive cross and green candle. If NVDA gathers strength and volume to break above the upper trend line, we could see a very powerful and aggressive move beyond 150. On the other hand, if the breakout fails, it may indicate that NVDA has reached a high that won't be surpassed for years or even decades. In my assessment, there is an 80% chance of a breakout to a new all-time high due to several factors: positive momentum, a likely rate cut by the Fed, the cooled-down RSI and MACD, the fact that this is a continuation pattern and not a reversal, and most importantly, the Advance-Decline line has already made a higher high while SPY has not, which is very bullish for stocks.Longby Consistent_Trades1127
NVDA - Key Observation and Forecast for Next Trading DayI will break down the key observations, possible chart patterns, and the forecast for the next trading day. Here’s a detailed outlook: 1. Current Pattern: Symmetrical Triangle Formation The chart displays a symmetrical triangle pattern, with price currently near the apex. This signals a potential breakout as the price narrows. 2. EMA 9 Support The EMA 9 line is currently positioned around $114.91, acting as dynamic support. The price is trending above this level, which shows a bullish bias, provided it holds. 3. VWAP Session: Near Current Price The VWAP session value is $116.30, which is near the current closing price. This could serve as a point of price equilibrium, suggesting that the market is currently balanced. 4. Resistance Level: Upper Trendline The upper trendline of the triangle sits around $119.97. This is a critical resistance level, and a breakout above this could signify a strong bullish move. 5. Support Level: Lower Trendline The lower trendline of the triangle, around $114.00, will act as support. If the price breaks below this level, a bearish move could ensue. 6. Symmetrical Triangle Implication Symmetrical triangles usually imply consolidation before a major move. The direction of the breakout—either above resistance or below support—will determine the future trend. 7. Candlestick Outlook for Tomorrow (Daily) The next day's candlestick is likely to be indecisive if the price remains within the triangle. Expect a small-bodied candle (spinning top or doji) if there's no breakout. If there’s a breakout, expect a large-bodied candle in the direction of the breakout—either bullish or bearish. 8. Breakout Potential The market is near a pivotal point. Given the chart’s symmetrical triangle, we are approaching a breakout. The direction of the breakout will likely be determined by tomorrow’s price action. 9. Expected High for Tomorrow If the price breaks upwards, the expected high could be around $120.50 to $122.00, based on the recent range and triangle’s upper limit extension. 10. Expected Low for Tomorrow If there’s a bearish breakout, the expected low could drop to $113.00 to $111.50, particularly if the lower trendline breaks and sellers take control. 11. Volume Consideration The breakout is more likely if accompanied by a surge in volume. Currently, the volume bars show mixed activity, with no strong volume spike yet. 12. Key Reversal Signals If tomorrow opens with a gap above the triangle, followed by strong buying pressure, a breakout is confirmed. Conversely, a gap down below the lower trendline would confirm a bearish breakdown. 13. Market Sentiment: Neutral with a Bullish Bias The price is consolidating, but the higher lows within the triangle suggest that buyers still have control. A breakout above resistance would confirm bullish sentiment. 14. Candlestick Analysis for Current Day The current candlestick is a small body, which implies indecision. It may signal that the market is waiting for more information (or catalyst) before making a decisive move. 15. Next Move Based on Patterns If the price breaks out upwards, we can expect a bullish continuation targeting previous highs around $124.00 to $127.00. A breakdown could lead to a bearish move to test the $110.00 and $108.00 levels. 16. Technical Levels for Tomorrow Resistance: $119.97 (Upper Trendline) and then $120.50-$122.00 (If breakout occurs). Support: $114.00 (Lower Trendline) and $111.50 (If breakdown occurs). 17. Possible Continuation Pattern If the breakout occurs upwards, this could form a bullish flag pattern, leading to higher highs in subsequent days. 18. Risk of False Breakout Be cautious of a potential false breakout. If the price moves above or below the trendline but quickly reverses, it would be a sign of a false breakout, trapping traders. 19. Impact of Wider Market Trends Broader market sentiment or news can heavily influence the direction of the breakout. Keep an eye on macroeconomic news or earnings reports. 20. Trading Strategy A breakout trader may consider entering positions once the price decisively breaks either the upper or lower trendline with volume confirmation. A conservative approach would be to wait for a retest of the breakout level for confirmation before entering the trade.by l4uren_stew4rt9
Lauren's NVDA Trading Report - September 9th to 13th. Monday, September 9th Pattern Identified: Rising Wedge Key Events: The price formed a rising wedge pattern early in the session, signaling potential weakness or a reversal. The breakout occurred downwards from this pattern. Retest (Failed): After the breakout, there was a retest attempt at the breakout level, which failed, confirming the breakout's strength. The price later tested the pre-market high, but the rejection confirmed the downward bias. Key Indicators: EMA (9) acted as dynamic resistance throughout the day after the breakout. VWAP held as support initially but turned into resistance after the wedge breakout. Tuesday, September 10th Pattern Identified: Choppy morning followed by a "Cup with Handle" Key Events: The market started the day with a choppy, range-bound movement before breaking out from the cup-and-handle pattern. Breakout (No Retest): The breakout from the handle of the pattern did not experience a retest, which implies strong momentum. Support: A solid support level formed at $106.98, providing a base for the day’s upward movement. Key Indicators: EMA (9) aligned with the breakout and confirmed the upward momentum after the handle formation. VWAP played a significant role in supporting price action throughout the day. Wednesday, September 11th Market Character: Strong Bullish Momentum Key Events: Open Range High: After the morning range, the price broke out from the open range high, initiating a strong upward trend for the rest of the day. Retest: The price successfully retested the breakout level, confirming the bullish continuation. The session ended with clear strength as price closed near its highs, showing little to no retracement. Key Indicators: EMA (9) and VWAP were well below the price, suggesting that bulls controlled the session. Key Level: $111.92 was an important level that aligned with the breakout and acted as a major support during the day. Thursday, September 12th Pattern Identified: Failed "Double Top" and Change in Plan Key Events: The initial session featured a failed double-top pattern, leading to a plan adjustment towards the "Open Range Break & Retest" strategy. Retest: The price retested the open range high after breaking out and found support, confirming continuation. Candle Confirmation: A strong bullish candle after the retest confirmed the reversal from the earlier failed double top. Key Indicators: EMA (9) supported the price action throughout the day. VWAP indicated market consensus, confirming the bullish trend after the retest. Friday, September 13th Market Behavior: Consolidation with Key Levels Key Events: The market remained confined within the pre-market high (PMH) and pre-market low (PML) levels, trading in a tight range. There was an overall consolidation pattern, with price respecting these levels but showing no clear breakout. Caution: Trading within pre-market range levels usually suggests indecision or range-bound conditions. Key Indicators: EMA (9) and VWAP both fluctuated closely with price, indicating a neutral bias for the day. Key Levels: PMH and PML levels played a significant role as support and resistance. General Feedback & Analysis: EMA (9) and VWAP: These two indicators were crucial throughout the week, often acting as dynamic support or resistance, particularly on trending days like Wednesday and Thursday. VWAP was also reliable during choppy or range-bound sessions. Chart Patterns: Key patterns such as the rising wedge on Monday, the cup and handle on Tuesday, and the failed double top on Thursday were pivotal in signaling market direction. These patterns, paired with confirmation indicators like retests or candle patterns, provided excellent trade setups. Breakouts and Retests: The retest on Wednesday confirmed a strong bullish day, showing that waiting for a retest can significantly improve trade outcomes. The lack of retest on Tuesday's breakout indicates that when breakouts occur without a retest, they often signal strong momentum. Key Levels: Premarket highs and lows, as well as open-range levels, were critical throughout the week. Maintaining an eye on these levels and observing how price reacts around them provides high-probability trade setups. Friday's Range: The price action remained contained between pre-market high and low, suggesting a non-trending or indecisive day. Such days call for caution and perhaps a range-bound strategy rather than breakout strategies.by l4uren_stew4rt8
Inverse Head & Shoulders on the 1HR and the 15We can see a pretty prominent Head & Shoulders that has formed on the 1HR as well the 15MIN. A breakout of this and the Cup & and Handle could bring a really nice leg up to NVDA. Keep in mind these are hourly candles...Longby impossiblebull4410
NVDA Weekly Crossover SwingNASDAQ:NVDA I posted my NVDA daily crossover idea (see below), this one is the weekly (they have both triggered) Additional Trigger: No additional trigger needed here, although the daily swing triggers could be used for a better r/r. SL: 100.29 (1.4 weekly ATR multiplier) TP: 160.00 (3.2 weekly ATR multiplier) Max Date: Week end on Friday, November 8th (yes, 8 full weeks!) ^^As always, which ever hits first Additional levels to consider trims/rolls: 131.26 - Previous strong high, possible liquidity grab 136.15 - Previous high 137.90 - Supply zone touch just before ATHs 140.76 - ATH 150.00 - Possible psychological level What I'm targeting to purchase: Personally, I will be employing a deep ITM option strategy, where I look to roll UP at key levels, which is just another way of taking money off the table while remaining in the trade. There are a variety of ways to play this trade, as it could take up to 8 full weeks before targets get hit (if they do). I will be targeting the Nov contract with roughly an .80 delta (currently the 100c), and will look to roll up 5 dollars worth in strike prices (from 100c to 105c then to 110c, etc) each time the rollup would be a credit of 4.00 or more. Like I said, many other ways of taking this trade, including just buying a further dated contract, ITM, ATM, or OTM and staying parked in it. NVDA Daily Crossover Idea for further reference: Longby D_RockefellerUpdated 3
NVDA Daily Crossover SwingNASDAQ:NVDA NVDA has triggered both the daily and the weekly crossover. Both can be approached as separate trades, this is just the daily outline. Additional Trigger: Only to try and get a better R/R based on the S&D zones, I would aim for an entry around Thursday's LOD (115.38). A more safer approach would be the 114.11 test, which would be a .5 fib retracement from the previous Strong Low SL: 106.60 (1.4 ATR multiplier, and just inside heavy demand zone) TP: 135.57 (3.2 ATR multiplier and just below a possible liquidity grab) Max Date: Market Open Thursday, 9/26 ^^As always, which ever hits first Additional levels to consider trims/rolls: 125.61 - Supply zone touch 131.26 - Previous strong high, possible liquidity grab 134.14 - Supply zone touch What I'm targeting to purchase: If we get the pullback to 115.38, I'd like the Oct18 115c for around 6.65 per con. At max date, the con is expected to lose 3.89 or gain 15.10, based on original SL and TP levels. Longby D_RockefellerUpdated 6
NVDA Long Idea - September 16, 2024Hi all, I was having some fun adding graphics to my chart this morning & thought I would share with the community. Some may or may not agree with me, but this is what I am seeing. I didn't outline how I arrived at this, but just sharing my overall thoughts on the short/mid term movement of the NVDA Stock. Also if my fun graphics make some laugh it is worth while. ibb.co Chart View: Longby TorontoTrading934
NVDA: Weekly to 4 hour: How low are we going: Correction ? Good morning Traders Hope everyone had a great weekend of trading: I created a video to give you a gauge on where NVDA is going. We have an correction but is it true correction is the question. Let me know what you think of the video, comments are always welcome. Happy hunting MB Trader Short16:17by Mindbloome-Trading1
Nvidia's Symmetrical Triangle: Preparing for the Next Big MoveNvidia's share price has taken a breather over recent months, forming a symmetrical triangle pattern. This technical setup often signals a potential breakout—let’s delve into what this could mean for the stock and explore some strategies for trading it. Financial Performance: Strong Fundamentals Amidst Consolidation While Nvidia's share price has been consolidating, its financial performance remains impressive. In Q2 2024, Nvidia reported $30 billion in revenue, reflecting a 122% year-over-year increase, with net income reaching $16.6 billion. These numbers highlight Nvidia’s leading position in the AI, data centre, and gaming sectors, driven by its critical role in advanced technology applications. Despite these solid figures, Nvidia’s share price has faced some selling pressure. This is due to tempered investor expectations and production delays for its next-generation Blackwell AI chips. The company’s revenue guidance of $32.5 billion for the next quarter, though slightly above estimates, was not enough to stave off a pullback. Nvidia’s high valuation, with a forward PE ratio of 33.3 and an EV/EBITDA ratio of 47.32, has also added to investor caution. However, Nvidia's long-term growth outlook remains strong, bolstered by a 61.87% operating margin and a 60% forecasted EPS growth for the upcoming year. Technical Analysis: The Symmetrical Triangle Pattern Nvidia’s price action on the daily candle chart during the last three months has shown a series of higher swing lows and lower swing highs, forming a symmetrical triangle consolidation pattern. This pattern reflects a market in equilibrium, where both bullish and bearish forces are evenly matched. The convergence of these trendlines—the rising support and falling resistance—indicates that neither side is in full control, resulting in a narrowing trading range. While a symmetrical triangle suggests balance between buyers and sellers, it also signals price compression. As the range tightens, volatility diminishes, creating a buildup of potential energy. This compression is often a precursor to a significant breakout, as the market eventually resolves this tension. The breakout can occur in either direction, but once it does, it’s usually sharp and decisive. The key takeaway is that the longer the consolidation persists, the more substantial the breakout is likely to be when the market finally moves. Traders and investors should closely monitor Nvidia's price action as the apex of the triangle nears, preparing for a breakout that could define the next phase of Nvidia’s trend. NVDA Daily Candle Chart Past performance is not a reliable indicator of future results NVDA Weekly Candle Chart Past performance is not a reliable indicator of future results Trading Strategies: Approaching the Breakout Whilst the symmetrical triangle pattern itself can resolve in either direction, probabilities favour alignment with Nvidia’s long-term uptrend. Here are three strategies to consider: 1. Bullish Reversal Strategy: Some traders might watch out for a potential bullish reversal near the lower boundary of the triangle. If Nvidia’s share price pulls back to this support level and shows signs of bouncing—such as a bullish candlestick pattern or increased volume—it could suggest a possible trading opportunity. 2. Momentum-Based Strategy: Alternatively, traders can wait for a decisive breakout above the upper boundary of the triangle. A breakout with strong volume might suggest the start of a new trend leg higher, though this is not guaranteed. 3. Counter-Trend Downside Breakout: If Nvidia break below the lower boundary of the triangle with heavy volume, it could signal the start of a prolonged pullback. In this case, traders may consider short positions, using the breakdown as confirmation. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom4
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄 Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here. Let's see if we can get it right again!Longby freeguy_by_wmcUpdated 11
NVDA, long, Entry: 119.15, Stop: 118.30, Timeframe: 1h**Trade Type:** long **Ticker:** NVDA **Entry Price:** 119.15 **Stop Loss:** 118.30 **Take Profit 1:** 120.40 **Take Profit 2:** 121.15 **Risk/Reward Ratio:** **Timeframe:** 1h **Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**Longby shayy11010
NVDIA - 1W - Trading IdeaAfter dropping as much as 23% since late August, NVDA has found key support in more ways than one. The price bounced off long-term support established in October 2022, while buyers stepped in at a familiar valuation—54x earnings—the same multiple that bulls defended back in December 2022 when NVDA was trading at just $46/share. Additionally, a significant divergence has formed, signaling a potential shift in momentumLongby Mike_Trading_3
Nvidia made a sudden turn, showing us a very important key zone! The price has shown a turn exactly in our GAP area, and this is where it gets interesting because this turn gave much more validation to our GAP area by bouncing precisely off of it. From here on, the bearish sequence has, for the first time, been incomplete due to the swing-turn that occurred before reaching support on our point #4. The question is: is this the moment when the price will break the resistance of our channel? Time will tell, but for now, we've identified a new zone where there is greater buying pressure, and it's exactly the same zone we've been studying for several weeks. If you've been following this analysis for weeks or months, you'll notice that everything is unfolding according to our price action and institutional analysis. From here on, we just need to wait for the breakout, and remember, this time it could be different since we're in very important months where the elections heavily influence price behavior. Best regards, and thank you for supporting my analysis.Longby RocketMike1114495
Nvidia Has Strong Fundamentals but is that Enough?One Of the Biggest Success stories of 2023... NASDAQ:NVDA Truly Gained traction under the insane Artificial Intelligence Growth and alongside the hype train that skyrocketed most Semiconductor Stocks. The Balance sheet is a undeniable strength with more then 3 assets to 1 Liability, with good cash able to cover debt based on the balance sheet. Nvidia has very strong Fundamentals is that enough to justify the PE Ratio being at 55.94x ? and a Price to Sales Ratio of 30.3 ? and its price to books ratio at 50.2 , using these valuation methods Nvidia comes up as a expensive based on its current price to me personally. The RSI Is also pretty high at 53 . I am definitely interested in seeing how Nvidia plays out in the long-term. Share price has been aided by very high revenue growth beating all forecasts by analysts in recent Quarters. Nvidia Benefits from high profit margins, however is that enough to justify the high share price? as for management and there use of the cash we can see that Net margins are 55.0%, ROE of 91.1%, ROA of 60.9%, ROCE of 83.6%. --------------------------------------------------------------- Business Revenue Sources: 84.8% of the revenue is derived from "Compute & Networking" 15.2% of the revenue is derived from "Graphics" --------------------------------------------------------------- Balance Sheet: Cash: US34.80b DEBT: US8.46b Equity: US58.16b Total Liabilities: US27.07b Total Assets: US85.23b 14.5% -> Debt to Equity Ratio --------------------------------------------------------------- Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Nvidia) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may be different for each investor and trader. Please do not make opinions based on this or any idea. Please be careful! --------------------------------------------------------------- Idea: Shortby BullishCanadianInvestor3
NVIDIA Wave Count on the 4-Hour Timeframe 🔥 The Uptrend is Approaching ✨ It appears that the stock has completed wave (3), followed by a corrective pattern 🔀 in the form of a triangle 🔼 currently forming to represent wave (4). The only remaining wave to complete this pattern is wave E 🤌. ✨ To confirm the end of wave (4) and the beginning of wave 1 within wave (5), the following conditions must be met: - Completion of all the ABCDE sub-waves of the triangle pattern. - A breakout above the key level related to wave E. Once these conditions are met, the uptrend is expected to continue. However, If Wave D falls short of the trendline, it could indicate that the market is losing momentum and the triangle pattern may be contracting more than expected. In short, while it’s ideal for Wave D to touch the trendline, minor deviations can still occur without completely invalidating the pattern, but they should be carefully monitored for potential changes in the overall wave structure. Longby chase_ID9
The next target price for Nvidia after record opening USD764.21Yesterday Nvidia reported the Q4 2023 earnings report with flying color, beating not only top line and bottom-line estimates but also projected beating earning expectation for Q1 2024 and robust growth not only in 2024 but also 2025. Things are even more positive since there will be a new and better replacement chip for the H100, one of the top line AI chips. The current market capitalization is at USD1.67T and Nvidia company share will most likely increase to around USD1212.00 in next few months and will beat Apple the world largest market capitalization at USD3.0T. Nvidia currently looks like will beat Apple to be the world largest market capitalization company. If the Fed's FOMC news on fighting the inflation remains with 2 to 3 rate cuts this year even when the next 2 to 3 months CPI, PPI and PCE numbers are bad. Nvidia and S&P 500 index will continue to raise further creating more record high. Nvidia share price will most likely go beyond USD1212.00 if this happen but there will be some pull back or dip. Hence, traders and investors should buy the dip. If there is a strong headwind happening in these coming 6 months' time such as US-Iran war or recession or Fed's cutting rate too soon for inflation to go back higher, then most likely USD1212.00 will not happen. Keep breaking record high will not happen when this potential strong headwind appears in the market. Overall BUY Nvidia and keep for at least 2 years to 10 years. The Fundamentals for the coming 2 years will most likely be the same except appearance of Strong headwind which might not happen. Longby juntech8Updated 339