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NVDA trade ideas

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
NASDAQ:NVDA
by FOREXcom
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.
NASDAQ:NVDALong
by redwingcoach
45
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)
NASDAQ:NVDAShort
by basictradingtv
27
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.
NASDAQ:NVDALong
by DEXWireNews
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. GH
NASDAQ:NVDA
by ew-forecast
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.
NASDAQ:NVDAShort
by The_GoldFinch
$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.
NASDAQ:NVDALong
by PaperBozz
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.
NASDAQ:NVDA
by TraderhrTrading
1
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.
NASDAQ:NVDALong
by IronMan_Trader
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
NASDAQ:NVDALong
by Mindbloome-Trading
2
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.
NASDAQ:NVDAShort
by Le-Loup-de-Zurich
1
$NVDANVDA is looking to start retesting the empty space above. 1st sign of bullish pressure is us punching back into structure. Lets see how we open 09/10. An open above 108 will be another confirmation for a move higher up. Once we break structure by opening candle look for the retest don't take the break. first price target is 113.30 which is 50% of the large candle on a 24hr time frame. if we hold this level nicely we might just push straight into 117 then retest levels we broke. (this all becomes invalid based on 24hr open and closes be advised) weekly does say we are going up to retest level though.
NASDAQ:NVDALong
by jorgewerner
Nvidia Go Bye Bye | Short or Take Profits Whenever news commentators feel the need to interview a CEO, and hail the CEO as some kind of benevolent "hero of the people", that is a pretty good indicator that something is awry. The same applies for rampant social media hype. At the end of the day, the chart & the macro backdrop tell the real story. NASDAQ:NVDA will collapse from here. Don't bother trying to buy any time soon, you will only be hurting yourself; this thing, along with the broader market has some significant adjusting (downward) to work through.
NASDAQ:NVDAShort
by ChiefMacro