NVDA: Spring effectBuy idea on NVDA as you can see on the chart because we have a spring effect on Belkhayate vwap and also if we have the breakout with force the resistance line by a big green candle follow by a large green volume.
NVDA trade ideas
NVDA short: Fibo retracement levelI had recently made a call to short NVDA (on a weekend). These few days NVDA only went up, straight up. Now that price has reached around 0.786 retracement at $135.91, I think it is a good time to enter short. Keep your risk tight!
NVDA Ascending WedgeNVDA has been heading back towards ATH after a brief period of downside/chop. Now it has a pretty steep ascending wedge. I wouldn't bet on it breaking down, but if the reaction to CPI is bearish and NVDA breaks below this wedge it could be a great short. I just wouldn't use big size on NVDA and I might look to play a different semi, NVDA will pull those around.
If bullish tomorrow, it's probably just gonna break ATH soon and keep on rolling.
$180 price prediction The pink is my thesis. 2nd leg as long as the first. Price target could happen within 2 months. The white lines are key levels one can enter on for longs and shorts. Since it is overbought one can expect some pullbacks on the way up, specifically the $140 area. I'm bullish above $120. Will consider repositioning for the short term if this level is compromised.
Broke out of pennantOld idea was invalidated. The pennant broke out to the upside. NVDA is going to test highs. PT is $135.
NVIDIA _ Corporation _ Distribution _ Prices _ Quarter 3 _ Week NVIDIA _ Corporation _ Distribution _ Prices _ Quarter 3 _ Week 2 _ Under _ Trading _ Venue _ NASDAQ.
Only Short Trade as it will fail to support Quarter 2 when price arrive at the Distribution, $140.75
Expect the following Prices:
$132.18
$135.66
$136.61
$136.15
$136.61
$137.18
$138.39
Distribution price: $140.15
Distribution price create a bearish double top!
LOOKING FOR A BUYhi friends we are currently at the support zone when it comes to this stock. this is the 2nd time it is testing this. A BUY here looks lovely but if it does break that will mean a more downside.l
Analysts Raise NVDA Forecasts, Stock Price RisesAnalysts Raise NVDA Forecasts, Stock Price Rises
According to FactSet, in July, seven reputable analysts have raised their target prices for NVDA stock. KeyBanc analyst John Vinh, for instance, increased his target from $130 to $180 (approximately 33% above the current price).
Following these target increases, Nvidia's stock has risen, closing above the psychological level of $130 yesterday for the first time since June 20. Consequently, NVDA's price has increased by more than 160% since the start of the year.
Will Nvidia's rally continue?
The NVDA chart data raises doubts about the stock's ability to confidently set new historical highs as it did in the first half of the year.
Notice the price behaviour when crossing the psychological level of $130, considering NVDA's trading volumes on the Nasdaq:
→ The rise to peak A occurred on below-average volumes;
→ The decline to low B occurred on significantly above-average volumes;
→ The rise to C (which may be exceeded) occurred on below-average volumes.
This relationship suggests a lack of buyers above the $130 level and sufficient sellers to push the price down.
According to NVDA's technical analysis today:
→ The price is in an upward channel (shown in blue);
→ The price is in the lower part of this channel, and the July rebound from the lower boundary is not very confident;
→ Peak C is approximately at the 50% Fibonacci retracement level of the A→B downward move (a potential proportion of the upward correction within the prevailing trend).
All these factors provide enough arguments to be prepared for a scenario where NVDA's price breaks below the lower boundary of the current blue channel on increased volumes.
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$NVDA #Bullflag #Earnings #History PT;$1200 #DontShort Earnings questions? You've checked the right Idea.
"When in doubt, zoom out."
Color Coated a lot of these crayon lines for you bois. LOG SCALE
Arrows on last earnings and upcoming earnings... I've only seen more and more AI growth/hype... Shorting this is like shorting EV's in 2020 #NotTheTime...
"NVDA 1150 by May" ;) - Prof
Everything is "lining" up here imo...
I'm happy to see people wanting to short this personally, adds to the #Squeeze.
#WhiteBoySummer gets started Wednesday 5/22
NVDA 1000C 6/21/2024 @ $35.20
Not financial advice.
NVIDIA long price had a reaction from the daily demand zone market in the post, i'm expeting it to get to the horizontal ray labeled as liquidity.
Return of the KingNVDA will break out of this triangular pattern it's made. Forming a bull flag today on the 15m chart that extended into after hours. I also drew a phi-channel over the Daily candle timeframe chart and then checked price action around it's levels on 5, 15, and 30 minute charts.
So while price may dip rapidly, suddenly. I fully expect all of them to get bought. I think selling puts is a great option right now because wouldn't you like to have shares of NVDA? Either you win the trade or you have to buy 100 shares. So I am short 5 put contracts on NVDA at the 120 strike, long 10 calls for December at the 200 Strike with a Jan 25 expiry, and I have resting orders in place on long put calendar spreads with each about a 9/21 dte for when it goes up, and drops and consolidates, as it will do again as it just did.
The plan is to use the profits from puts to buy shares of NVDY.
Accumulate lots of that, and maybe one day I can simply live off the dividends from it when NVDA goes up another 500%.
Hopefully. I believe AI is something that will grow exponentially as is the nature of AI. I believe we are on the event horizon and it will justify its existence at some point in the near future regardless of how expensive it may be. I am also looking to diversify in the crypto/AI/chip space.
NVDA: The Top is in Until EarningsNVDA SMA's are showing slowing momentum and I believe we see a correction this week. If NVDA cannot hold $126 support, the first PT is $119 for this week.
NVDA long ideaNVDA long idea with support and resistance. Take profit after reaching first resistance. Then find new entry at support and get ready for take off.
118 is a special place not too low, and not too highConsidering the pump after the split, folks are preparing to review their position. I still believe this can go to 150 and higher, but for now, I would contemplate retracing before continuing to return.
How much longer can $NVDA keep this up!?In this video we breakdown the raging bull NVDA and just how much longer can this stock keep going. In my opinion this thing cant be stopped and even when you think the short entry is safe the rug gets pulled. Let me know your thoughts!
NVDA: Critical Inflection Point!The daily chart of NVDA shows a complex technical scenario, highlighted by the presence of a potential Head and Shoulders (H&S) pattern frustration point. The H&S pattern is a bearish reversal pattern, but the price action suggests that it may not have completed, leading to the current consolidation phase. This frustration point is marked by the resistance line at $128.12, which NVDA has struggled to break through consistently.
The daily chart also shows a trendline support, which has been respected multiple times, providing a strong upward momentum. The 21-day EMA serves as an additional support level. The recent price action indicates a consolidation phase between $128 resistance and the trendline support, creating a tight trading range. Traders should watch for a breakout to determine the next significant move.
On the weekly chart, NVDA has been in a strong uptrend, with the 21-week EMA providing support. The main support level is identified at $118.04, a crucial level that has been tested and held in recent weeks. This level coincides with the neckline of the potential H&S pattern seen on the daily chart, making it a critical support zone.
In summary, NVDA is at a critical juncture with consolidation between key levels. Traders should monitor the $128 resistance and the main support levels closely for breakout or breakdown signals to determine the next major move. The overall trend remains bullish, but caution is warranted given the potential bearish H&S pattern and the current consolidation phase.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
$NVDA - Back to $140Tested it's fib channel and support. Nancy pelosi disclosed trade. All things point to this stock going up over the next years, with little opposition. Sure, there are other chip stocks. But just like APPL is APPL, some stocks just have more quality and blue sky.
Long on this one like everyone else, no mysteries told here.
NVDA huge squeeze breakoutNVDA has broken out and I expect to see little resistance until previous high.
NVIDIA eyes opportunities in space computing with SpaceX launchNVIDIA Corp. is poised to enter a burgeoning market as SpaceX prepares to launch a satellite equipped with NVIDIA's graphics processing unit. This venture into space computing marks a significant step for NVIDIA, potentially opening up expansive new opportunities within an industry that sees growing demand each year.
The satellite, a collaborative effort between US startup Aethero and Cosmic Shielding, features NVIDIA's Jetson Orin NX module. This module, designed primarily for robotics and AI computing, could play a crucial role in the development of solar-panel-powered space data centres. These centres aim to address the significant power demands of AI, presenting a sustainable solution by leveraging the unique environment of space.
Technical Analysis of NVIDIA Corp. (NASDAQ: NVDA)
Exploring potential investment opportunities, let us review the technical aspects of NVIDIA's stock:
Timeframe: Daily (D1)
Current trend: the stock is in an uptrend, currently testing the support line
Resistance level: 136.30 USD
Support level: 118.05 USD
Potential downtrend target: should a downtrend initiate, the downside target could be at 95.00 USD
Short-term target: if the uptrend resumes and the stock price breaches the resistance at 136.30 USD, a short-term target could be set at 150.00 USD
Medium-term target: should the upward momentum continue, the price might rise to 165.00 USD
Investors should closely monitor NVIDIA's progress in this space venture, as the successful deployment of its technology in orbit could significantly enhance the company's profile in space computing and lead to substantial growth opportunities.
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Weekly Analysis for 7/8/24 - CPI Preview & Short Thesis UpdateWe have another big week upcoming with earnings, fed speakers, CPI, and more. I give my thoughts and analysis for the week. I also talk about my short thesis, which can be found here:
advancedplays.com
NVIDIA & BitcoinWe are interested in the NVDA stock due to its close correlation with Bitcoin, when it comes to price action.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
NVDA to $130 this weekTtm squeeze with ichimoku cloud shows bullish next week. Expect to hit $130 with small pullback and the higher from there.
NVDA Short: Prepare for 3rd wave downIn this video, I present the bearish call for NVDA using Elliott Waves, Fibonacci extension levels, RSI, and Volume analyses.
