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NVDA trade ideas

NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought the the recent dip on NVDA: nor before the big rally: Now analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week, I would consider purchasing the 138usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $15.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:NVDALong
by TopgOptions
NVIDIA (NVDA) 1 Day Timeframe for Technical Analysis1. Trend Analysis: Short-term Trend: NVDA has been in a strong uptrend with a recent correction. The price seems to be attempting to recover, but it's currently testing a key resistance zone. Medium-term Trend: NVDA experienced a significant rally before pulling back. The current price action suggests the potential for either a continuation of the uptrend or further consolidation. 2. Key Support and Resistance Levels: Resistance Levels: $140.82 - $140.76: This zone represents a strong resistance level and aligns with the previous swing high. A break above this level would likely lead to a continuation of the uptrend. $136.20: Another key resistance level, slightly below the $140.82 - $140.76 zone. Breaking this level could be the first indication of bullish momentum. $129.37: The current price level, which appears to be struggling to break higher. If it does, the next target would be $136.20. Support Levels: $90.78: This level represents significant support and could serve as a target if the price breaks down from current levels. It’s also a key level to watch for potential long entries if the price rebounds here. $75.64: A critical support level below $90.78. If NVDA drops to this level, it would indicate a deeper correction and potential bearish sentiment. $39.23: This is a distant support level but should be kept in mind as a worst-case scenario if the market turns extremely bearish. 3. Chart Patterns: Symmetrical Triangle: The chart shows a symmetrical triangle pattern, with the price approaching the apex. This pattern indicates indecision and can break either way. A breakout or breakdown from this triangle will likely determine the next significant move for NVDA. Wedge Pattern: The price action also shows a wedge, which is generally a continuation pattern. A breakout above the wedge would likely lead to a move towards the next resistance levels. 4. Indicators: MACD: The MACD shows a recent bullish crossover, which could signal the beginning of a new uptrend. However, if the price fails to break above key resistance levels, this signal could be invalidated. Volume: The volume shows a slight increase, which might suggest that a breakout is imminent. However, it’s crucial to monitor whether this volume sustains. 5. Price Action & Trading Strategy: Bullish Scenario: Entry Point: Consider entering a long position if the price breaks above $136.20 with strong volume, targeting the next resistance at $140.82 - $140.76. A break above this zone could lead to a continuation towards new highs. Exit Point: Take profits near $140.82 - $140.76 if the price struggles to break above. If momentum is strong, consider holding a portion of the position for a potential move towards higher levels. Bearish Scenario: Entry Point: Consider shorting if the price fails to break above $136.20 and shows signs of weakness, targeting the lower support at $90.78. A breakdown below $90.78 could lead to a further decline towards $75.64. Exit Point: Take profits near $90.78 once support is tested. If the price continues to fall, consider holding for a move towards $75.64, with a stop-loss above $136.20 to protect against a reversal. Risk Management: Use stop-loss orders to protect against adverse moves. Position sizing is crucial, with stops placed just below key support or above key resistance levels. 6. Forecasted Direction: Bullish Above: $136.20, with a target to reach $140.82 - $140.76. If this level is breached, NVDA could target new highs. Bearish Below: $136.20, with a potential test of $90.78 as the first downside target. If the price drops below $90.78, further downside could lead to a test of $75.64. Gap Analysis: Gap Above: $140.82 - $140.76: If NVDA breaks above $136.20, the gap at this level might be filled, and the price could push higher. Gap Below: $90.78: If the price breaks down from current levels, the gap could be filled as NVDA moves towards this support level. Summary: Key Levels to Watch: Bullish Breakout: Above $136.20, targeting $140.82 - $140.76, with potential for further upside. Bearish Breakdown: Below $136.20, targeting $90.78 with potential further downside to $75.64. Gap Fill Likelihood: First Gap to Fill: If the price breaks above $136.20, the gap at $140.82 - $140.76 is likely to be filled first. Alternative Gap Fill: If the price fails to break above $136.20 and starts declining, the gap near $90.78 might be filled next. This analysis should give you a clear roadmap for potential trading opportunities in NVDA based on the current technical setup. Keep an eye on the key levels mentioned and be prepared to act based on the direction of the breakout or breakdown from the current consolidation.
NASDAQ:NVDA
by BullBearInsights
6
NVDA Near Historic Highs: Awaiting Key Breakout SignalsI’m sharing a weekly chart analysis for NVDA, focusing on its current position near historical highs at $129 after a bounce from $90. From the logarithmic scale chart, it's clear that NVDA has been in a long-term progression channel since July 2015. Currently, the price is positioned on the upper deviation line of this channel, indicating a potential resistance area. Given this position on the logarithmic scale, I am leaning towards a short bias as it suggests we could see a pullback or correction. I’ve also identified two cup & handle patterns, each with their respective targets. However, these patterns will only be validated based on the next price movements. While there is still a blue support trend and a red resistance trend in play, the price near its historical highs and its proximity to the upper boundary of the progression channel suggest that a downward movement could be more likely. However, due to the large time scale of the weekly chart, we should wait for further confirmation of a downtrend before taking a short position. For now, I recommend caution and suggest waiting for a confirmed breakout or breakdown from the current channel before making any decisive trades. I’d love to hear your insights and thoughts on this setup.
NASDAQ:NVDA
by Eymen-GUVEN
Bullish Short Term Setup In NVIDIAPlease note: This is an If-Then setup in the NVIDIA stock. The share price fell quickly and dramatically today. So drastically that the price fell below the low of the value area of the last upward move. This situation offers us the opportunity for a short term long trade We enter this trade under the following condition: We wait for two closing prices within the Value Area, so the closing prices should be above the 124.95 dollar mark. We set the SL below the low of Monday's over-the-counter trading and select the high of the value area at USD 130.12 as the price target.
NASDAQ:NVDALong
by Ochlokrat
NVDA - Wave 3 Complete? Moving into Wave 4 territoryIt's a great day here for all you BitDoctor patients! Quick update on NVDA - Last update stated that NVDA was in wave 3 territory and we discussed termination of that wave 3 roughly at the 161.8% extension level around $131. We stopped just shy of that yesterday and now we're seeing a move down to $122. In the coming weeks (yes, this trading stuff takes time sometimes), I would expect NVDA to break that $122 level and ultimately go somewhere near $117-$118. I'd consider being a buyer in that area but it's possible we get a front run of that zone. Keep in mind, however, that a break of $117 (on a daily) would mean that we likely will retest $110 and if that breaks, we're looking at $104. It's not the likely scenario at this moment, but it's not completely off the table. Other things need to happen to increase any bearish confidence. Above $117 on a daily keeps confidence in the bull scenario where my primary target, at least for 2024, would be $140. Once we start to approach that level, we'll see where things land. Have a great day everyone!
NASDAQ:NVDALong
by bitdoctor
3
NVIDIA (NVDA): Wave 1 Nearly Complete – New Entry Opportunity?After a break, we’re taking another look at NVIDIA, which is now around $100 — which sounds like a much more attractive level compared to $1100. But it isn't, as in the meantime we witnessed a stock split. We still see more upside for NVIDIA as we believe we are in Wave (5) of the current cycle, if our count is correct. Zooming in, the past surge doesn't need much commentary as it was mostly upward movement without significant corrections. Now, it looks like we’re getting into the intra-wave structure. We expect Wave 1 to finish after one last leg up to complete the five-wave cycle for Wave 1. Afterward, we could look for entry points at the end of Wave 2. If this scenario plays out with the bearish divergence on the RSI, we will update you on how we plan to position ourselves.
NASDAQ:NVDALong
by freeguy_by_wmc
NVIDIA (NVDA) Technical Analysis and Forecast for August 23, 20Key Support and Resistance Levels: Resistance: $131.00: This is a significant resistance zone. We’ve seen strong selling pressure here, which aligns with the volume profile indicating heavy trading activity around this level. Breaking above $131 could open the door to higher levels. $125.83: A near-term resistance level that has acted as a ceiling over the last few sessions. Support: $124.52: This is immediate support. The price has bounced off this level before, and it's crucial for bulls to hold this to avoid a deeper pullback. $118.00: If $124.52 fails, $118.00 is the next key support. This level is critical as the volume profile suggests less trading activity below this, meaning a break here could lead to a swift decline. Trend Analysis: The uptrend has been broken, as evidenced by the price falling below the ascending trendline. This break indicates a potential shift in sentiment from bullish to bearish unless the price quickly recovers above it. MACD is showing signs of a bullish crossover on the hourly chart, hinting that a short-term bounce could be on the horizon. However, confirmation is needed, and this should be watched closely. Entry and Exit Strategies: Bullish Setup: Entry: Consider entering around $124.52 if it shows strong support, especially with a MACD crossover confirming bullish momentum. Targets: First target: $125.83, where profit-taking is likely. Second target: $131.00, if the momentum continues. Stop-Loss: Place a stop just below $124.00 to minimize risk. Bearish Setup: Entry: If $124.52 breaks down with strong volume, a short position could be considered. Targets: First target: $122.00, an area of minor support. Second target: $118.00, where stronger support lies. Stop-Loss: Set a stop just above $125.83 to avoid being caught in a short squeeze. News Impact and Market Sentiment: with Fed Chair Jerome Powell speaking at Jackson Hole tomorrow, the market could see increased volatility. Traders should be prepared for potential market-moving headlines, which could impact NVDA’s price action. Forecast for Tomorrow: Tomorrow’s trading will likely be influenced by broader market sentiment and any further news or developments. If the market reacts negatively to any comments from the Fed, we could see NVDA testing lower supports. However, if the sentiment is positive, and the MACD crossover gains strength, NVDA could attempt to reclaim higher resistance levels. Summary: NVIDIA is at a pivotal point. Keep an eye on the $124.52 support and the $131.00 resistance as key levels for tomorrow's trading. The stock could go either way depending on market sentiment.
NASDAQ:NVDA
by BullBearInsights
NVDA - RE-TEST 95 AGAIN; MAKE OR BREAK FOR BEARSSee my previous posts last few days. I've been skeptical of this rally, and have been holding through this fake breakout. $125 is a major support level for bears to break for any movement. My opinion is that Wave C could have happened at "A". Bullish bounce off the $95.68 level if re-tested, would invalidate this correction wave structure. If there is a bearish breakthrough 95, i see it testing $80 FAST. The risk of going long on NVDA here is too high for any appeal. If price action starts to slow down after reaching ATH's, it is natural to be wary if the rally still has any steam. A good example is Apple in Dec 2023 until Apr 2024. Apple re-tests ATH, and a slow steady decline after ATH Rally runs out of steam. Disclosure: Currently long NVD shares @ avg 1.70
NASDAQ:NVDAShort
by js0ng
2
NVIDIA Is Setting A Bull TrapWithin 14 days, NVIDIA shares have gained more than 43%. The normal madness of the tech star of the last two years. A new ATH has been set. Now... We see things a little differently. We are currently assuming that NVIDIA (like the market as a whole) is setting up a bull trap. However, we initially expect NVIDIA to rise to the USD 132 area before the price turns down. We select the open gap at just over USD 112 as the target area. In our view, this price target represents a minimum price target, as we expect a very pronounced correction in the overall market of 25-35% in the longer term (for the next six to twelve months).
NASDAQ:NVDAShort
by Ochlokrat
NVDA Technical Analysis (for August 22, 2024)1. Price Action Overview: Chart Overview: The image shows a 1-hour chart for NVDA, which indicates short-term price action. Trend Lines: There are ascending channel lines that the price seems to be respecting, suggesting an upward trend. Key Levels: Resistance: $130.64 Support: $128.52 $127.83 $125.83 (Critical support level) 2. Indicators: Volume Profile: The chart has a visible volume profile on the right, showing areas where significant trading volume occurred. The highest volume node is around the $127.83 - $128.52 region, which suggests strong support. MACD: The Moving Average Convergence Divergence (MACD) is at the bottom of the chart, showing a potential crossover. This could indicate momentum building up, but it needs confirmation. 3. Price Action Analysis: Recent Behavior: The price is currently moving upwards within the ascending channel. It is near the middle of the channel, having recently bounced from the lower trend line. Short-Term Trend: The short-term trend is bullish, as indicated by the upward channel. However, the proximity to resistance at $130.64 may create some selling pressure. 4. Trading Strategy : Scenario 1: Continued Uptrend Entry: If the price breaks above $130.64 with strong volume, enter a long position. Stop-Loss: Set a stop-loss slightly below $128.52 (around $128) to minimize risk. Target: Consider a target around $133-$135, which would be in line with the upper channel line. Scenario 2: Pullback Entry: If the price fails to break $130.64 and shows signs of reversal (e.g., bearish candle pattern), consider shorting. Stop-Loss: Place a stop-loss just above the $130.64 level. Target: The first target would be around $127.83. If the price breaks this level, the next target would be near $125.83. 5. Other Strategies Approach: Options Strategy: Professionals might consider using options to hedge or enhance returns. For example: Bullish Bias: Buy a call option with a strike price slightly above $130.64 if expecting a breakout. Bearish Bias: Purchase a put option with a strike price around $128.52 if anticipating a pullback. Scalping: Given NVDA's high liquidity and volatility, scalping within the channel boundaries might be profitable. Use the 1-minute or 5-minute charts to find quick trades. 6. Conclusion: Bias: The general trend is bullish, but NVDA is nearing a key resistance level. Tomorrow's action will likely depend on whether NVDA can break through $130.64 or if it faces rejection. Watchlist: Keep an eye on volume spikes, news, and broader market conditions as they will heavily influence NVDA's price action. Would you like to explore a specific strategy in more detail or need any other insights? Let me know.
NASDAQ:NVDALong
by BullBearInsights
3
Nvidia Q2 2024 Earnings PreviewAI Juggernaut Nvidia’s highly anticipated Q2 2024 earnings report is just one week away, scheduled for release after the market closes on Thursday, 29 August, at 6.20 am (AEST). Q2 performance expectations Revenue: $28.544 billion Revenue growth: 211.31% year-on-year (YoY) Earnings per share (EPS): $0.64. Highlights of the previous quarter Expectations are high for Nvidia’s Q2 earnings, given the company’s leadership in several key growth markets. Over the past year, Nvidia has experienced significant demand across various end markets, driven primarily by data centres and gaming. In data centres, the adoption of AI and machine learning has propelled strong sales of Nvidia’s specialised GPUs and networking products. Additionally, the company has benefited from shifting enterprise workloads to the cloud. NVidia’s gaming segment continues to thrive, supported by the rise of eSports, game streaming services, and blockbuster game releases optimised for NVIDIA hardware. What to expect Nvidia’s data centre segment, which includes sales of GPUs, networking gear, and AI software, is expected to grow further as major hyperscale customers like Amazon AWS, Microsoft Azure, and Alphabet GCP increasingly adopt Nvidia chips for AI workloads. Ongoing demand for Nvidia’s latest GPUs for gaming and creative applications is anticipated to remain a key driver of revenue growth. Nvidia’s automotive computing platforms are gaining traction with more electric and autonomous vehicle manufacturers, further boosting demand for the company’s chips. Additionally, the company’s Omniverse 3D simulation platform has seen triple-digit customer growth over the past year, indicating potential future gains in enterprise software. Potential challenges to watch for Supply chain constraints: while improving, may still limit upside potential. If foundry and component shortages persist, Nvidia might struggle to meet elevated demand, which could disappoint investors. A slowdown in the PC market: due to challenging macroeconomic conditions may weaken performance in the graphics segment, dampening overall earnings growth. Economic uncertainty: could also curb business spending if conditions deteriorate, disproportionately affecting Nvidia's data centre and enterprise segments. Increasing competition: from companies like AMD and Intel, which are also investing heavily in AI-focused chips, along with big tech and automotive firms developing their own AI chips, could potentially reduce demand for Nvidia’s offerings. Despite these risks, Wall Street remains bullish on Nvidia stock heading into the Q2 earnings report. Investors are focused on Nvidia’s long-term potential in AI, high-performance computing, autonomous vehicles, and the metaverse. Success in these areas is expected to drive share price momentum post-earnings. Nvidia Technical Analysis Nvidia’s share price is up over 159% year-to-date and has almost fully recovered its 35% drop from June to August. The recovery puts Nvidia’s all-time high of $140.76 firmly in focus in the lead-up to next week's earnings, with a sustained break above here opening the way for a push towards $150. On the downside, there is a strong band of support at $100 before the $90.69 low of early August. Not far below here resides the 200-day moving average at $85.26.
NASDAQ:NVDA
by IG_com
3
Nvidia's Stellar Rise Amidst the AI Gold Rush Nvidia, the tech giant renowned for its high-performance graphics processing units (GPUs), has been riding a wave of unprecedented success. As the world dives deeper into the realm of artificial intelligence (AI), Nvidia's GPUs have become the indispensable hardware powering the most advanced AI models. This surge in demand has propelled Nvidia's stock to new heights, solidifying its position as a leader in the semiconductor industry. The AI Revolution Drives Demand The rapid advancements in AI technology have created a voracious appetite for computing power. Nvidia's GPUs, originally designed for rendering complex graphics, have proven to be remarkably efficient at handling the intensive calculations required for training and running AI models. Their parallel processing architecture allows them to perform multiple tasks simultaneously, making them ideal for the demanding workloads associated with AI. As AI applications continue to expand across various industries, from healthcare and finance to autonomous vehicles and customer service, the demand for high-performance GPUs has skyrocketed. Companies like OpenAI, Meta, and Google are investing heavily in AI research and development, and Nvidia's GPUs have become a critical component of their infrastructure. Nvidia's Strategic Moves Nvidia has been proactive in capitalizing on the AI boom. The company has made significant investments in research and development to enhance its GPU technology and expand its product offerings. In addition to its traditional gaming GPUs, Nvidia has introduced specialized AI accelerators, such as the A100 and H100, which are optimized for AI workloads. Furthermore, Nvidia has been expanding its ecosystem through partnerships and acquisitions. The company has collaborated with major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform to offer AI services based on its GPUs. This has made it easier for developers and businesses to access and utilize AI capabilities. Challenges and Opportunities While Nvidia's prospects appear bright, the company faces certain challenges. The semiconductor industry is cyclical, and there is a risk of a slowdown in demand for GPUs if the AI market experiences a correction. Additionally, competition from other chip manufacturers, such as AMD and Intel, is intensifying. However, the long-term outlook for AI remains positive, and Nvidia's strong market position and technological leadership give it a significant advantage. As AI continues to penetrate various sectors, the demand for high-performance computing power is likely to grow, providing ample opportunities for Nvidia to expand its business. Conclusion Nvidia's success story is a testament to the transformative power of AI. The company's ability to leverage its GPU technology to meet the demands of the AI revolution has propelled it to the forefront of the semiconductor industry. As AI continues to evolve and reshape the world, Nvidia is well-positioned to capitalize on the growing market and maintain its leadership position.
NASDAQ:NVDALong
by bryandowningqln
NVIDIA Downtrend Line Breakout At $126.58 21.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:NVDALong
by Stuart_Cowell
Technical Analysis for NVIDIA Corporation (NVDA) August 21, 2024Based on the latest chart you provided, here’s a detailed technical analysis of NVIDIA (NVDA) for tomorrow and the rest of the week. 1. Trend Analysis Channel: The price of NVDA is currently moving within an ascending channel, which indicates that the overall trend is still bullish. The price is closer to the lower boundary of this channel, suggesting a potential bounce back if the trend continues. Ichimoku Cloud: The price is currently interacting with the Ichimoku Cloud. Typically, if the price remains above the cloud, it suggests bullish conditions, while below the cloud indicates bearish momentum. The price appears to be inside or near the edge of the cloud, which can be seen as a support area in a bullish scenario. 2. Support Levels $125.88: This level is an immediate support level. If the price holds above this level, it could signal a continuation of the uptrend within the ascending channel. $120.36: This is a stronger support level. A break below this could lead to a bearish move towards the lower levels. It's close to the lower boundary of the Ichimoku Cloud, adding strength to this support. $97.37: This is a long-term support level, which is quite far from the current price. This would likely only be relevant in a significant bearish scenario. 3. Resistance Levels $129.93 - $130.00: This is the immediate resistance level. Breaking above this could indicate a continuation of the uptrend and may attract more buyers. $137.31: If the price manages to break above $130.00, this is the next resistance level to watch. $140.99: This level is higher and represents a significant psychological and technical barrier. 4. Indicators Volume: The volume has been relatively low, which might indicate a consolidation phase or lack of strong buying/selling interest at the current levels. Moving Averages: If you’re using the 15 EMA (yellow line) and 161 EMA (purple line), check their interactions with the price. Crosses between shorter and longer EMAs can often provide buy or sell signals. 5. Trading Strategy Bullish Scenario: Entry Point: Consider entering a long position if the price bounces off the $125.88 support level with confirmation, such as a bullish candlestick pattern or a strong bounce on the 1-hour chart. First Target: $130.00 - Secure partial profits here if the price tests this level. Second Target: $137.31 - If the bullish momentum continues, this level could be your next target. Stop-Loss: Place a stop-loss below $125.00 to protect against unexpected bearish moves. Bearish Scenario: Entry Point: If the price breaks below $125.88 and closes below the lower boundary of the Ichimoku Cloud, consider entering a short position. First Target: $120.36 - This would be the immediate target if bearish momentum picks up. Second Target: If $120.36 breaks, the next significant support is at $97.37, although this is a more extended move and may not happen within the week. Stop-Loss: Place a stop-loss above $130.00 to protect against potential upside breakouts. 6. Market Conditions Earnings: Note that there is an earnings report (indicated by the “E” on the chart) on August 27th. Be cautious with positions going into earnings as the price can become highly volatile. Overall Sentiment: The semiconductor sector, which includes NVDA, has been under both technical and fundamental scrutiny. Pay attention to broader market sentiment, especially related to tech stocks. Conclusion For tomorrow and the rest of the week, NVDA is at a critical juncture. Watch for how it interacts with the $125.88 support level and whether it can break through the $130.00 resistance level. Employ appropriate risk management and be mindful of the upcoming earnings report, which could add volatility to your trades.
NASDAQ:NVDA
by BullBearInsights
6