NVDA Butterfly pattern price target towards $154NASDAQ:NVDA If this bounce from 100ish holds and starts moving higher, the butterfly pattern has a potential for a move to 154 level in couple of months by Next earningsLongby charts_sniper7
### NVDA Analysis: Clear Ascending Channel Since October 2022###📈 **NVIDIA (NVDA) in a Clear Ascending Channel** Since October 2022, NVIDIA's stock has been exhibiting a well-defined ascending channel. This bullish movement has been driven by several factors, including the increasing demand for its products in the artificial intelligence and gaming sectors, as well as its strong position in the semiconductor market. 🔍 **Technical Analysis:** - **Support and Resistance:** The ascending channel has formed with clear support and resistance lines that have been respected multiple times, indicating the strength of the trend. - **Indicators:** Technical indicators such as RSI and moving averages suggest that the stock remains in an upward trend, although it’s important to watch for potential pullbacks. 📊 **Future Outlook:** If NVDA continues to respect the channel, we could see further growth potential in the short to medium term. However, it’s crucial to monitor trading volume and any relevant news that may impact the price. 💬 **Conclusion:** NVDA is currently in a clear ascending channel, suggesting that investors should look for buying opportunities on pullbacks towards the channel's support line. What are your thoughts? Do you believe NVDA will continue its upward trajectory? Longby jhaynsf119
NVDA is now a buy againNVDA has tapped into the demand zone that i marked out and as mentioned in my earlier post, I was waiting for the LTF structure to shift bullish ( also marked out ). We had the shift and I got into a buy in the 1h timeframe. Now we should at least go up to $131 and even possibly a new High. Longby willisloyefx115
NVIDIA Contraction Continues- NVDA Breakout PendingNVDA remains in a massive consolidation pattern just below the record highs. Initial resistance eyed at 119.68 backed by a more significant technical confluence at 126.02/46 (61.8% extension of the August rally / August high-day close). Look for a larger reaction there IF reached with a close above needed to fuel the next leg towards 130.78 and the 100% extension at 141.52 . Key support remains unchanged at the 61.8% retracement of the April rally / August low-day close at 100.45/49 . A break below this threshold would be needed to suggest a more significant high was registered in June and shift the focus back towards a test of the 200DMA (currently ~90). Battle lines drawn . . . Michael Boutros @MBForex by FOREXcom7
NVDA oversold - I triple dog dare you to bet against AIFull disclosure, I'm not taking this trade. Don't get me wrong, I LOVE it. NVDA has a great reecent track record when short-term oversold as the arrows indicate. I just have my max # of positions and I won't overextend even for NVDA. I don't imagine this pullback is done. But there has been no such thing as as a bad time to buy NVDA in the last several years, looking back now. I suspect strongly that not long after the Fed announcement, this will be overbought and profitable. This is one that if I were to buy it, I wouldn't have a minute of worry, much less lose sleep if I had to hold it for a long time to wait for it to become profitable. We are in the VERY early innings of an AI revolution. I believe this technology is as transformational as the silicon chip or the internet were, and NVDA would be as close to a core holding in that regard as there is. I have no skin in this game currently, and this is simply one man's musings on a good time to enter for a short term trade. I may need a reminder to keep this on my radar since I'm not actively trading it, so feel free to comment to ask for updates if you're interested. This is for the purposes of financial edutainment. This isn't investment advice and you should always do your own due diligence before entering a trade. Longby redwingcoachUpdated 4141104
Nvidia - A Correction Of -50% Is Starting!Nvidia ( NASDAQ:NVDA ) is reversing at a strong resistance: Click chart above to see the detailed analysis👆🏻 Last month Nvidia already corrected about -35% but managed to close with an indecision doji candle. However, previous cycles, the recent rally of +1.000% and the fact that Nvidia is retesting a strong resistance trendline all suggest that Nvidia will still move much lower soon. Levels to watch: $100, $55 Keep your long term vision, Philip (BasicTrading)Short04:29by basictradingtvUpdated 272799
NVDA - One More Bounce Before Potential Drop!I’m anticipating a bounce on NASDAQ:NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s. This is a critical juncture for me, so I’m opting to capitalize on the opportunity now. The trade is set for this week. Longby ZelfTradeUpdated 9
Nvidia Stock Analysis: A Rally Amid Divergence & Strategic MovesNvidia (NASDAQ: NASDAQ:NVDA ) stock has seen notable volatility recently, rallying 6.6% despite mixed performances from its peers in the so-called "Magnificent Seven" stocks, which include Apple, Microsoft, Google, Amazon, Meta, and Tesla. These tech giants dominated the market in 2023, but the third quarter of 2024 has seen divergent returns and significant selling pressure, causing a rebound in Nvidia's stock after hitting early August lows. Nvidia’s influence on the Nasdaq Composite and S&P 500 indexes is considerable due to its large market cap. The stock’s current performance and future prospects are under the microscope of investors and analysts alike, as Nvidia continues to navigate both technical and fundamental factors that could shape its near-term trajectory. Beating Estimates and Strategic Advances Nvidia (NASDAQ: NASDAQ:NVDA ) recently beat Wall Street’s estimates for its fiscal second quarter, reporting adjusted earnings of 68 cents per share on sales of $30.04 billion. This was well above analyst expectations of 65 cents per share on sales of $28.74 billion. The company’s earnings soared 152% year-over-year, while revenue jumped 122%, showcasing the strength of Nvidia’s business amid the growing demand for AI and high-performance computing chips. Additionally, the U.S. government is reportedly considering allowing Nvidia to export advanced chips to Saudi Arabia, potentially enabling the country to train and run powerful AI models. This move, reported by Semafor, would further bolster Nvidia's sales pipeline and extend its reach in the global AI market. Saudi Arabia is making efforts to comply with U.S. security requirements to expedite the acquisition of Nvidia's advanced H200 chips, which are already being used in OpenAI’s GPT-4o, a cutting-edge multimodal platform. The Biden administration’s recent restrictions on AI chip exports, aimed at limiting China's access, have opened strategic opportunities for Nvidia to expand in Middle Eastern markets like Saudi Arabia, provided these nations comply with U.S. regulations. Technical Outlook Technically, Nvidia stock (NASDAQ: NASDAQ:NVDA ) is showing resilience. Despite the recent dips, NASDAQ:NVDA has rebounded 6.22%, currently attempting to rise from the August low of $90.76. This recovery is supported by the Relative Strength Index (RSI), which stands at a healthy 54.98, indicating the stock is not in overbought territory and has room to rally. Nvidia’s stock is trading above key moving averages, including the 50-day, 100-day, and 200-day moving averages, reinforcing its bullish outlook. The ability to maintain these levels despite recent market turbulence underscores Nvidia's strong market positioning. The stock’s 10-for-1 split, which took effect in June, has not dampened investor enthusiasm, as NASDAQ:NVDA continues to attract buyers looking to capitalize on its ongoing leadership in the AI and semiconductor industries. What’s Next for Nvidia? Nvidia’s future appears bright, driven by robust earnings, strategic market opportunities, and technical strength. However, investors should remain vigilant of potential risks, including regulatory challenges and broader market volatility that could impact the stock’s short-term performance. With U.S. authorities closely monitoring AI chip exports, any changes in policy could affect Nvidia’s international growth prospects. Investors should also keep an eye on Nvidia’s ongoing innovations in AI, gaming, and cloud computing sectors, which continue to drive revenue growth and market leadership. As the company looks to capitalize on emerging technologies and new markets, Nvidia's stock is positioned to benefit from both fundamental and technical tailwinds. Conclusion: Nvidia’s impressive rally and resilient stock performance amid market fluctuations underscore its dual strength in fundamentals and technical. The company’s ability to beat earnings expectations, navigate geopolitical complexities, and maintain key support levels highlights Nvidia as a standout in the tech sector. For investors seeking exposure to a leader in AI and high-performance computing, Nvidia remains a compelling choice with the potential for continued gains.Longby DEXWireNews5
Top 5 Weekly Trade Ideas #1 - NVDA Gap Fill ShortNice move back up today after the morning drop for NVDA and all of NQ. NVDA may come all the way back up to 118-119 to fill the gap from last week. I'd expect a failure there and will be looking for puts targeting the trendline below along with 110-109.Shortby AdvancedPlays3
Trading is reactive not predictiveWe can all come up with a map and idea about where price can go to. As a day trader, for me, it’s more important to know the levels of resistance and support and use them for your trades. This is on a weekly chart. Lower time frames look bullish but when you zoom out you may be able to see the whole picture. Nvidia resistance 112-114 area. Support 101. Remember to close your trades and TAKE PROFIT. Shortby angeloquintana7
NVIDIA BUY CONFIRMED!As expected in previous ideas, NVDA has decided to bottom out around $100-$111. 1. You can expect price to navigate towards the upper $120’s area 2. Upon a break through $126 there should be a stock buyback pump to $138+ 3. Whenever the buyback cools down, there should be an immediate sharp correction to the lower $100 range and below. Waiting for possible Q2 earnings in 2025, or another chip update. This is all prediction good luck ;)Longby R2CTrading3355
NVIDIA- Be patient, Correction Not CompletedNvidia has pulled back and touched the $100 level, which aligns with the 78.6% retracement of the rise from August. This could be an important support level, especially considering that a triangle pattern is one potential scenario here. We also believe that the overall stock market, along with major indices, could remain range-bound for another week until the Fed rate decision, after which markets may finally break out of this summer range. For now, the ABCDE triangle remains a valid scenario if the $100 level holds. However, if this level is breached, be prepared for a further dip, possibly down toward $80, where the market may stabilize with a deeper and slightly different ABC correction, reaching the previous wave four level from April of this year. In either case, I believe Nvidia is still trapped in consolidation and may not resume its uptrend just yet. GHby ew-forecast6
NVIDIA Technical AnalysisIn the past, NVIDIA stock price action followed its own rules; however, if it followed the technical analysis rules, I think it might go down to $78, which is also the monthly S2.Shortby spranav117
NQ Futures - Short the pops. We're Getting Closer.SEED_ALEXDRAYM_SHORTINTEREST2:NQ NQ futures are retracing last week's NUKE session, which isn't too much of a surprise considering the amount of sold off. Typical weekly move is 1 price block (500 pts), and if I recall correctly, it went through 2 and some change, so it's simply recovering some losses. Now, that said, you don't want to recover 100% of it, if you're a bear, but you do want an optimal re-entry if you closed your shorts. I think that's what they're waiting for. At least recovering one price block, before we move back to the bottom of that same price block by the end of the week or sitting mid way between it, as all eyes are on the following week, FOMC meeting. Use the 200 EMA on the 4 hr or less, and the 50 EMA on daily and above for futures. Individual stocks, method seems to work best utilizing the 50 EMA. Happy Trading.Short14:12by The_GoldFinch1
$NVDA - Let's hope this plays outNASDAQ:NVDA I am paying the price for not following my own technical analysis (TA) and bought in way too early. The stock came down to $100.95, which was my initial buy area target in my Aug 28 post. What now? Well, I'm holding the bag and hoping for the best. Things are looking a little bit better if this triangle setup were to pay out. Once it gets above $110, I think things might be looking up for me.🙏 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.Longby PaperBozz23
NVIDIA Corporation (NVDA) chart analysisThe chart for NVIDIA (NVDA) displays a classic Head and Shoulders pattern, which often signals a trend reversal. This formation consists of three distinct peaks: the first being the left shoulder, the second and highest peak as the head, and the third, slightly lower peak, forming the right shoulder. The red line in the chart represents the neckline, a critical support level that has been tested several times. Currently, the price sits just above this neckline, indicating the stock is at a crucial juncture. A breakdown below the neckline with increased volume could suggest a bearish reversal, which may lead to a significant downward movement. On the other hand, if the stock price bounces off this support, it could indicate the bulls are regaining control, leading to a potential continuation of the uptrend. This pattern doesn't guarantee future movement but serves as a reliable indicator for many traders. In the short term, it will be important to monitor whether the stock breaks the neckline, signaling a trend shift, or if it holds and rebounds for further upward momentum.by TraderhrTrading114
NVDA - Swing Trade Idea NVIDIA (NVDA) is gradually recovering after the recent sharp sell-off. We saw a structural shift with the recapture of the X-POC (Xtructure Changing Starting Point) around $102.50, where buyers stepped in, forming a high-volume node (HVN). Following the X-POC recovery, NVDA gapped up, closing above this level and establishing a new point of control (POC) with significant volume at $105. Today, NVDA opened strong but, as anticipated, encountered resistance just before the N-POC at $110.61. Bears took control, driving the price back down to the previous day’s POC at $105. The key for the rest of the day is maintaining a close above $105. Ideally, closing above $107.10 (today’s POC) would strengthen the bullish case. However, if we see further declines, the critical support remains at the $102.50 X-POC. Looking ahead, tomorrow's CPI report will likely set the tone for the FOMC meeting next Wednesday, potentially clearing the path for a return to all-time highs. For now, bulls need to break through the $110.61 N-POC and hold above it. If achieved, we could see rapid movement towards the $118 POC, with resistance expected before reaching the final target at the $126 N-POC.Longby IronMan_Trader4
NVIDIA: Weekly To 30 Minute: Correcting where are we going up? Good morning Traders Here is my video analysis on NVIDIA at the moment. Have a review and let me know what you think. The main areas of concern are: 108 and 110 if we break those levels I dont see why the market cant go to 114 range. Any questions, comments, ideas, want me to share more ideas on any topic let me know. The trend is your friend and lastly we dont predict the market we follow it. MB Trader Long16:40by Mindbloome-Trading227
NVIDIA: Bearish: Possible Head and Shoulders: Warning!NVIDIA: Bearish: Possible Head and Shoulders: Warning! Hello everyone The Wolf of Zurich has detected a possible "head and shoulder" on Nvidia, which would bring the price down to around $42. I have also drawn a trend line that you absolutely must watch! The level to watch is around $98-98 Here, watch your Fibonacci levels as well as your exponential mobile means Have a nice day everyone Some information to know about Nvidia: Nvidia, the world leader in graphics chips and AI, is enjoying a flourishing situation despite a recent drop in its stock price. Here is a summary of its current situation: -Dominant position in the AI market Nvidia occupies a quasi-monopolistic position in the field of chips for artificial intelligence. Its GPUs, especially the H100 series, are essential for the development of cutting-edge AI systems and are selling at high prices around the world. -Stock market performance Despite a recent 9.53% drop in its share price, Nvidia has posted an impressive 120% increase since the beginning of the year and nearly 400% over 3 years. This one-off drop does not seem to worry analysts, who still see significant growth potential. -Technological innovations Nvidia recently presented its new Blackwell GPU architecture, with the B200 and GB200 processors. These chips promise performance multiplied by 5 compared to the previous generation in the field of AI. The company also reassured investors by announcing that it had resolved the production problems initially encountered. -Future Outlook With its dominance in AI training chips and its comprehensive software ecosystem, Nvidia appears well positioned for continued growth. The company continues to innovate and strengthen its position in the AI market, which suggests a positive outlook for the future.Shortby Le-Loup-de-Zurich1110
NVDA showing signs of a reversalNVDA broke under neath major support level friday over fears of recession looming then reversed course Monday. breaks through downward resistance trend breaks back above major long term support RSI shows strong turn around One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it. We are now seeing a number of good signals that NVDA is reversing course and getting ready for a turn around.Longby ratchet-mint2
Looking bullish for NVDA!! 🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long02:13by OptionsMastery9