NVDA potential Buy setupReasons for bullish bias: - Simple DOW theory(Entry at HL) - Price is at the support zone - RSI is synched - Overall a bullish trend Here are the recommended trading levels: Entry Level(CMP): 104.12 Stop Loss Level: 74.33 Take Profit Level 1: 133.91 Take Profit Level 2: OpenLongby TradeWithParasUpdated 14
NVIDIA is Poised to Challenge Its All-Time HighNVIDIA is Poised to Challenge Its All-Time High NVIDIA is approaching its all-time high, which was reached on June 20, 2024, at $140.50. For approximately 110 days, the price has been developing a larger triangle pattern, accumulating bullish momentum. While challenging the all-time high price zone carries some risk, the odds favor a further rise after this period of accumulation. I am looking at possible resistance near the $150 and $170 levels. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuni14
Chipping HigherThe stock has completed a triangle and it's set to continue climbing higher. Longby KatlehoThaba6
NVDA: 3-Month Consolidation Primed for Potential BreakoutResistance Level: $135–140 (key breakout point). Support Level: $100–110 (lower bound of the channel). Bullish Breakout: Watch for a breakout above $140 with increased volume, targeting $160+. Bearish Rejection: Rejection at $140 could lead to a move back to $100, with further downside possible on a break below support. This consolidation suggests that NVDA is preparing for a significant move, and close attention to upcoming price action and volume will be crucial in determining the next trend. Breakout Potential: Bullish Scenario: Breakout Above Resistance: If NVDA breaks above the $140 resistance with high volume, it would signal a bullish breakout. Price Target: After the breakout, the first target would likely be around 160 Confirmation: A daily or weekly close above $140 with sustained volume would add confidence to the breakout. Bearish Scenario: Rejection at Resistance: If NVDA fails to break above $135–140 and shows signs of rejection (long wicks or bearish engulfing patterns), it may retrace toward the lower support level of the channel ($100). Breakdown: A breakdown below $100 would signal further bearish momentum, with potential targets around $85–90. Consolidation Continues: NVDA could also continue to consolidate within this channel for a longer period. In this case, range-bound traders might look to buy near support ($100) and sell near resistance ($140), waiting for clearer signals of a breakout.Longby SinghStrategist6
NVDA: One last blow-off top or a fake out of the lifetime?NVDA resolved the symmetrical triangle pattern to the upside, making the triangle another wave 4. That means my count needs to shift right one more time, making the last triangle a minor degree wave. If that is the case, then the minor wave 5 is already in progress and most likely waves 1/2 are also complete with wave 3 starting. Targets to the upside would be between 1:1 fib ratio for the green 1and 5 waves and 2.618 fib extension for wave3 of the blue primary wave of cycle wave 3. That puts the target in the box between $200 - $230. Larger market looks to be topping out. We'll see how things play out.Longby mukit18
NVDA $145.37 TargetMacro Consolidation wedge broken, riding the fib channel higher, wouldn't be surprised if we come down to an order block i've marked out for orders sitting (liquidity responsible for the break of structure) that then sends us to the breakout fib 145.40 area.Longby SPYDERMARKET6
NDVA Technical Analysis for Tomorrow (10/14/2024)Key Levels: Support Levels: $134.00: This is a key support area, as multiple price reactions are visible around this level. If NVDA breaks below, the next major support appears to be around $133.67 and $130.83. Resistance Levels: $135.00: There is significant resistance around the $135.00 level, where price has struggled to break and hold. $135.78 (Daily High): This is the next resistance level, marking the upper bounds of recent price movement. Indicators: MACD: The MACD histogram appears to be weakening, with bearish momentum developing as the MACD line crosses below the signal line. This could suggest short-term bearishness unless momentum shifts. Volume: Declining volume during the most recent price action could suggest weaker bullish activity, making a break above resistance less likely without strong catalysts. Price Action & Trend: NVDA has been in a consolidation phase within a defined range between $134.00 and $135.78, with a slight bearish bias developing. A failure to break higher could see NVDA retesting the $134.00 support level. Bearish Scenario: A break below $134.00 could trigger further downside pressure, with potential targets at $133.67 and $130.83. Bullish Scenario: If NVDA breaks above $135.78, there could be upward momentum toward the next psychological resistance around $137.00. Plan for Tomorrow: Entry for Shorts: Below $134.00, with a target towards $133.67 and lower if momentum confirms. Entry for Longs: Above $135.78, looking for a breakout towards $137.00 if momentum strengthens. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. I am not responsible for any losses incurred from trading based on this analysis.by BullBear-Insights5
$NVDA It's all So Clear NowNASDAQ:NVDA Has been on a helluva' run. It's been great fun but the ride is almost over. With increasing competition and NASDAQ:NVDA completely alienating it's true north being its dedicated and loyal gaming consumer base, the fun is almost over. The AI market is over saturated and the tools needed to run a comprehensive AI gig are well under the unrealistic products advancements NVDA is making. That being said, ever giant eventually finds a lesson in humility. Nvidia having blown through it's 1.618 and 2.618 extensions now has it's eyes on the 4.236 Extension being a target of 156 +or- a few bucks. This Stock is Parabolic in a major way and slowing down fast. The retail crowd is in for a big surprise. No worries because I am here to hold your hand through this difficult time! Once the stock caps out around 160 we will see an initial move back down to re-test the 2.618 and likely bounce. This bounce will result in a retest of the highs where we will either break and go higher, consolidate for a number of months, or double Top for a second failure near 160 where retailers will be left holding the bag. As with all stocks, all great runs and push-offs, NVDA will come back to a 60-70% discount on price near a demand level which I have marked up in Green Boxes. This is where you will want to buy again. For England James. Shortby Midgar-113
NVDA Closing above 135.60 I can see NVDA going for all time highs. Otherwise if we are to see a pullback it might be around earnings by MarketMechanic242
NVIDIA Can make a new higher highBased on technical analysis we can find if the all time higher high breakout then it can make a new higher high which i mentioned in the chart. secondly can fall also. its not financial advice just for education purposes.by FXNEWSCLUB2
NVDA Set for a Rebound: Will It Hit $137.40 and Beyond?Hey, trading family! Today we’re diving into NVIDIA (NVDA) and its recent price action. Right now, we’re seeing a correction, but all eyes are on whether it can push back up toward that key resistance level of $137.40. Here’s what you need to watch: Downside risk: If NVDA continues to correct, there’s potential for it to drop below $132. If that happens, we could see the price head even lower, testing support around $128-$130. Keep an eye on these levels, as breaking below them could signal further downside. Upside potential: On the flip side, if NVDA finds support and buyers step in, we could see it climb toward $137.40. A strong move above this resistance could lead to a bigger breakout, setting the stage for a push higher. Stay tuned to how NVDA reacts around these key levels—this correction might just present a great opportunity, depending on how the market moves. If this helped, drop a comment or share your thoughts on NVDA’s next move!03:14by Mindbloome-Trading1
Very Bullish on NVIDIA ! Point of Interest at $140.76 but wait..NVDA: Our point of interest is 140.76, and breaking this point would confirm a change of character (CHOCH) or a break of the main structure. But wait before that… We have three validations, one of which is extremely important and needs to be analyzed. The first validation is the break of the ascending channel. Whenever a candle completely exits the channel (body and wick), I consider it a 100% break. Here we have a candle that broke out with significant strength, and in the days that followed, it made a change of character or CHOCH, which is a break of the previous structure or previous swing. The second validation is that the 8 and 21 EMA lines show strong divergence. This means that the price has enough strength to continue moving upward. However, we have not yet seen any pullback. Remember that price cycles are distinguished by 3 movements: 1. Momentum 2. Pullback 3. Impulse We should always measure how much strength the price has by monitoring volume and the divergence of these two important EMAs. My third validation is that we are approaching their earnings report, which could create buying pressure for NVDA before the report, as previous reports have favored the stock and driven the price upward. BUT WAIT ! HOLD YOUR HORSES BEFORE THAT!!! We cannot ignore the order block I have around $134. Be cautious there, as it’s a zone where the price previously had significant liquidity. My prediction is that we may see a retracement before a strong push to our point of interest. Thank you for supporting my analysis. Best regards,Longby RocketMike1112
Closer to 140 than it seems all indicators follow up to targetHas been volatile, and after the initial breakout, we are now looking for a continuation breakout into the second phase of the resistance and make it to 140 before possible signs of weakness in buying and sentiment reversal.Longby themoneyman802
NVDA - Head and shoulders BreakoutNVDA - The price has just crossed the Neck line of its Head and Shoulders formation (Inverse H&S). - From the inverse Top of the Head to the Neck line, there is a difference of +47.1% - Adding this +47.1% to the Neck line, the minimum Target price should be placed à 195.75 - If one wants to place a Stop , for now it should be under the last lower low Longby Wyn-Trader3
NVDA Breakout or Rejection? Major Levels to Watch NVDA is at a make-or-break point, and it’s time to pay attention! 🔥 Key Resistance: 👉 $137 is the line in the sand! A breakout above $137.49 could send NVDA rocketing higher. 📈 Key Support: 👀 If the rejection happens here, look for price to drop into the $132-$133 zone, where fresh opportunities might open for the bears. 📉 📌 Keep these levels on your radar — it’s shaping up to be a high-volatility move! Are you ready to take advantage? 🌊 MB Trader by Mindbloome-Trading1
NVDA to 165NVDA broke the wedge with conviction here. The weekly stochastic RSI is opening up and a run is expected leading into earnings. The golden fib ratio on the most recent correction is 170$, my PT is about at this level, I believe we get there is 5-6 weeks. The only concern to note is volume falling off, hopefully the DXY can correct and we can move on here. Short-term 145$ 5-6 weeks 165$Longby Apollo_21mil5
Distribution Patter for the last few months in Nvidia!Selling started at the top and the price has stayed in range, making multiple attempts for break out. GREEN TRAPZONE - clear uptrend confirmed with Angle 6 in place now. RED UMVD - Distribution, i.e. Profit selling. Most likely a spike above the range as this would be the 3rd attempt, before falling back towards the GREEN TrapZone. Hopefully GREEN UMVD will show up for the strength.by SnowflakeTrader4
Chart Pattern Analysis Of NVDA. K1 and K2 is a strong bullish engulfing pattern, But unfortunately, K3 failed to close upon K2 to verify the strong momentum. And the demand or supply pressure sharply decreased here. So, it is possible that the following candles consolidate here for days and then choose to break up or fall down. On the other hand, It is also likely that K4 close below K2 immediately, If that’s the fact, A larger scale consolidation will starts here. Long-136/Stop-134.6/Target-144 Long-130/Stop-128/Target-144Longby nothingchangehere4
NVDA PULLBACK COMINGNVDA pullback to multi-year support line is coming. This is inevitable. They only have 3 major customers: MSFT, GOOG, META. They will eventually slow down spending.Shortby I_AM_FROM_THE_FUTURE5525
$NVDA weekly chart, ABCD harmonic. Short idea.NASDAQ:NVDA NASDAQ:NVDA ⚠️weekly chart, ABCD pattern. 135.05 is the 0.886, if lost, could lead to a -37% drop down to 84.83. This is a warning to reduce long-exposure if we cannot close the weekly, and especially the monthly above 135.05...Shortby Dagger_Six8
$NVDA daily chart, long idea. Deep crab harmonic.NASDAQ:NVDA NASDAQ:NVDA daily chart, deep crab harmonic. Now breaking the key level of 131.26 (neckline resistance + 0.886 retracement for the ABCD pattern). This key break can now setup a very bullish projection up to 166.14. Key levels: 131.26 - neckline resistance 136.15 - x point resistance 141.60 - ATH's >141.60 we fly to 166.14Longby Dagger_Six7
$NVDA Out of Gas? 120's Pit Stop Next Week?I've been following and trading this closely around the 135 level. It looks like it DOESNT want to make it to 140 for a reject (although monday gap ups can change everything) this "Rounding" top pattern is forming on lower time frame I am looking to buy the dip next week for eventual new ATHs on NASDAQ:NVDA , currently No Positions AI isn't close to finished, or even fully realized imo... "$200 is my next fiblevel and target, probably "blowoff top" into 220s 240s around March-June 2025" - Prophecies Shortby Prophecies_R_Us5
NVDA breakout or breakdown?NVDA is trading at major resistance levels. Depending who you speak to, NVDA is about to breakout or breakdown. From a positioning perspective, it's a much higher probability to start looking for short entries up here. I don't see any point wishing luck for a long entry here. Don't chase it, wait for a pullback. Based on it's ATR levels the past quarter, the best time to go long NVDA is 3 standard deviations below it's SMA20 and short 3 standard deviations above it's SMA20. Also, NVDA stochastic is about to peak and therefore roll over in a few days. 3ATR resistance = 139 SMA20 = 122 -3ATR support = 106 Short 1 : 4 trade idea: short = 139 stop = 143 profit = 123 Short options trade idea: A) short call credit spread 11/15 expiry sell 105 call buy 130 call B) short put 11/15 expiry buy 135 put C) Already invested 100 shares 11/15 expiry collar sell 120 call buy 150 put NVDA options data: 10/18 expiry Put Volume Total 303,946 Call Volume Total 536,585 Put/Call Volume Ratio 0.57 Put Open Interest Total 1,247,714 Call Open Interest Total 1,651,970 Put/Call Open Interest Ratio 0.76 11/15 expiry Put Volume Total 61,504 Call Volume Total 147,008 Put/Call Volume Ratio 0.42 Put Open Interest Total 1,083,844 Call Open Interest Total 1,060,778 Put/Call Open Interest Ratio 1.02Shortby Options3603