NVDA - breakout continues NVDA - break out continues on this one after symmetrical triangle pattern breakout at $125. Stock hit first target of $130 watching for $136 and $140 next two targets in play. Stock is strong on indicators.
NVDA trade ideas
NVDA Technical Analysis on October 9, 2024Price Action:
Current Price: $132.99, with a recent high at $133.48.
Trend: NVDA is in an ascending channel, continuing a strong bullish trend with higher highs and higher lows.
Key Levels:
Support:
Immediate support at $130.61, which is the mid-level of the recent upward channel.
Lower support at $127.72, near the previous breakout point.
Resistance:
Immediate resistance at $133.48 (the current high).
Next key resistance is the psychological $135 level.
Indicators:
MACD: The MACD shows a slightly overbought condition, though it remains in bullish territory, suggesting momentum could continue upward.
Trading Plan:
For Bulls: Consider entering on pullbacks around $130.61 for a move toward $133.48 and possibly beyond to $135. Ensure stops are placed below the lower support at $127.72.
For Bears: A breakdown below $130.61 could signal a short-term retracement toward the $127.72 level, offering a potential short opportunity.
Outlook for Tomorrow:
Bullish Bias: NVDA's strong momentum could lead to a break of $133.48, with potential upside to $135. However, a failure to hold above $130.61 may signal a minor pullback.
Disclaimer:
This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
Chart Pattern Analysis Of NVDA
K2 and K3 keep climbing up.
It is a good signal for the bull market.
It seems that the market is accelerating here.
But for now,
I don’t have the confidence to buy it immediately.
If the following candles consolidate near the support to verify the bullish momentum,
I will try to buy it there.
Buy-126.2/Stop-124.8/Target-144
In NVDA (B) wave finishing up!!!As soon as we see five waves of "c" finished up on this uptrend, (B) will be done and wave 1 of (C) wave start rapidly.
If Nvidia can break out, 170 is in the cardsNvidia has experienced significant volatility over an extended period. However, it appears poised to enter a new phase of price discovery in the near future. Currently, the stock is approximately 6% below its all-time high, and a breakout above this level could signal movement towards the next resistance zone around 170. This target is supported by both a 1-to-1 extension and a 1.618 Fibonacci expansion.
With 37 days remaining until the next earnings release and the upcoming presidential elections, heightened volatility is expected. It is possible that Nvidia may reach the 170 level in the coming months.
NVIDIA Is Trying To Breakout Of A Triangle; Room For $150Hello Traders, and welcome to our new update!
This time I will take a look at Nvidia. It’s in a very nice recovery and looking strong, especially after retesting the $90 area and filling the gap from August, which occurred after earnings were released in May. This retracement was quite similar to the pullback we saw back in April, when the market retraced to the gap from February’s, following Q4 2023 earnings release.
Currently, Nvidia is coming out from an Elliott wave bullish triangle. This is significant because such triangles typically represent sideways price action between two contracting trendlines, where many traders tend to lose interest as the range drags on. However, as the price contracts, this is actually when we should expect a breakout, espeically when we see five subwaves labeled A-B-C-D-E within the triangle, it’s a strong signal that the breakout can be coming.
The confirmation for the breakout comes when the wave (D) swing high is broken, which was around $127. But now,the price is even pushing above $131.40, wave (B) high. if it closes above that level, I believe there’s a good chance the market will rally to new highs, potentially reaching the $150 area.
If you find these insights helpful, please like this idea or drop a comment below.
Gregor
NVDA higher - correction - higher $145Looks like NVDA will top this week with a couple dojis near $136.83 to end the week, then a small correction toward $126;and then a push higher to end June and the 2Q at near $143.87
After hitting $143.87 a 3 wave correction like Mar-Apr correction toward $116 while market digests the recent bullish move finishing its 3Q-4Q higher near $145
NVIDIA $NVDA | NVIDIA WEDGE BREAKOUT SOON - Sep. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA BREAKOUT SOON - Sep. 20th, 2024
BUY/LONG ZONE (GREEN): $118.25 - $130.00
DO NOT TRADE/DNT ZONE (WHITE): $114.75 - $118.25
SELL/SHORT ZONE (RED): $103.75 - $114.75 (can be extended to $92.00)
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA looks choppy and very ranging, but is consolidating towards a zone that has been tested roughly seven times. Bulls should be looking for price to pinch and breakout above $118.25 towards the $130.00 price area, or bears can look for price to pinch and breakdown below the $114.75 level towards the $103.75 area. Bears can also look for price to drop to the $92.00 area that had started the previous bull rally. Despite my three main timeframes indicating a bullish trend, I would be happy with a fast move in either direction.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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The AI Mania: The TruthFinancial prices are not reasoned, and they are certainly not random. The only logical conclusion is that they are unconsciously determined. NVDA is a striking example of this reality in the financial markets.
Let’s consider the past three years. Many may not realize that the majority of U.S. stocks peaked in 2021. The recent all-time highs in a few select technology companies have served as a smokescreen for an ongoing bear market that began that year. NVDA, at the center of the AI craze, exemplifies this trend. Since 2023, NVDA has surged roughly 1,200%. Is this due to any significant changes in the company or its earnings? No. The truth is that there is no logical way to evaluate what a stock should be worth. A stock’s value is simply what someone is willing to pay for it, and that price cannot be rationally determined.
It seems likely, given the current evidence, that the market is following a robust fractal pattern described by the Elliott Wave Model. Prices follow this model because it is rooted in our DNA. The herding instinct, which resides in our basal ganglia, unconsciously drives us to join the herd when situations are uncertain and stressful. This unconscious, endogenous process affects every human being daily. Many of the choices we make, such as where we put our money (stocks, bonds, real estate) or even what we wear out to dinner, are influenced by this unconscious social mood. R.N. Elliott discovered that the stock market, our main meter of social mood, follows a hierarchical fractal pattern. This pattern describes the movements of social mood, which then influences a person’s mood, which in turn influences their emotions, leading to actions. Under this framework, the character and tenor of news/events become predictable.
Many point to P/E (price/earnings) ratios as a measure of value, but this indicator has proven useless for NVDA. Its P/E went from 19 in January to 144 in March to 56 currently and maintained a uptrend the entire time, yet its investors do not seem concerned. Let me make a bold claim that shouldn’t be bold at all: NVDA is the new Cisco, echoing the dot-com bubble. This will end the same way every financial mania has ended since the South Sea bubble of 1719-1722—with a major crash.
There is nothing logical about NVDA trading at a P/E of 144 (and now 56), yet analysts still tout it as one of the greatest investments of our time. I am not arguing that AI isn't revolutionary. I’m saying there's a difference between AI and AI stocks. AI solves problems; AI stocks rise and fall with the market's mood. The internet is still with us, yet internet stocks (NASDAQ) crashed 78% after the internet mania of the early 2000s.
A change is coming to the world of finance, where empirically driven analysis will be seen as much more fitting for the financial marketplace. The paradigm on which modern macroeconomics depends is fallacious. The tide is changing. Watch as fundamentalists and growth stock enthusiasts hide away and rationalize any reason for why the crash happened. Many will exclaim that it was obvious, saying things like, "The yield curve was inverted for over 750 days; of course, we were going to get a recession!" But that's not what they’re saying now! Now they are giving you every reason to buy and hold. The truth is, there has never been a time in financial history where we have seen overvaluation like we are seeing today. To put this in perspective: the base money supply is $7 trillion. Derivatives bets control over $200 trillion. THIS SPECULATION BUBBLE WILL NOT END WELL. Be safe.
My target for NVDA is 11 dollars
Cheers,
Bardini Capital aka abardini
Work Cited:
Prechter, Robert R. The Socionomic Theory of Finance. Socionomics Institute Press, 2016.
Despite the criticism directed at Prechter, his research remains remarkable and largely unrecognized by the public. Yes, he’s made some incorrect predictions in the past, but dismissing all of his work because of a few bad calls is shortsighted. And if anyone finds an analyst with a perfect track record, let me know.
Yet another LOVEly setup. NVDA to 200 roughy before June 2025.NVDA will take the market by storm. Only now will people care though because Jimmy Cramer says so LOL
We knew way before. VPA is king and showed bullish strengths while exposing bearish weaknesses
Order flow, premium, and open interest of contracts all confirm this
See you guys at $280 around 2026 ;)
How FOMO Can Kill a Trader’s Gains!FOMO, or the Fear of Missing Out, is a feeling many traders know well. It’s that worry that you’re missing a big opportunity while others are making money. While it’s natural to want to jump in, FOMO can lead to bad decisions that erase months of hard work (unfortunately, this is from a personal experience). In this article, we’ll explain why FOMO is dangerous, how it traps traders, and how you can avoid it.
The NASDAQ:NVDA Story: How FOMO Wiped Out 3 Months of Gains
Let’s say you’ve been trading carefully for three months, making steady progress. Then one day, you see headlines everywhere: “NVIDIA ( NASDAQ:NVDA ) stock is soaring!” Everyone’s talking about it on social media, and people are posting their big profits.
You start feeling anxious. You didn’t plan to trade NVDA, but the fear of missing out kicks in. You decide to buy the stock, even though it’s already at its highest point.
But soon after, the stock price drops, and you’re stuck with big losses. In just a few days, the gains you worked hard for over three months are gone—all because FOMO made you jump in without thinking.
What Causes FOMO?
Here are some common things that trigger FOMO in traders:
Social Media: Seeing others bragging about their gains makes you feel like you’re missing out.
Market Buzz: When everyone is talking about a stock, it feels like you have to act fast or you’ll lose your chance.
Seeing Others Profit: Watching friends or other traders make money makes you question your own strategy.
Overconfidence: After making a few good trades, you might start thinking you can time the market perfectly.
Fear of Falling Behind: You don’t want to be the only one not making money, so you make impulsive trades.
How Retail Traders Fall for FOMO
FOMO is especially tough on retail traders, who are often newer to the market. Here’s how it usually happens:
Following the Crowd: Instead of doing their own research, traders jump into stocks because everyone else is.
Impulse Decisions: They buy stocks based on emotion, not logic or analysis.
Chasing Losses: After losing money in a FOMO trade, they take even more risks to try and win it back.
This kind of behavior can lead to bigger and bigger losses, making it hard to recover.
Here are 5 tips that I hope can help you avoid FOMO in trading:
Have a Plan
Before you start trading, make a clear plan. Know when you’ll buy, when you’ll sell, and stick to it. This helps you avoid getting swept up in hype.
Limit Market Noise
Avoid spending too much time on social media or reading news that hypes up stock movements. It’s easy to get influenced, but remember, your strategy is more important than others’ excitement.
Set Realistic Goals
Whether trading short-term or long-term, focus on consistent, well-planned trades. For short-term traders, aim for steady, smaller gains rather than chasing quick profits. Stick to reliable setups that match your strategy.
Manage Your Emotions
Take a step back and think before making decisions. Don’t let fear or excitement control your trades. Stay calm and follow your plan.
Learn from Mistakes
Everyone makes mistakes in trading. What matters is learning from them. Instead of rushing into more trades to recover, reflect on what went wrong and how to avoid it next time.
Takeaway
FOMO can lead to bad decisions and wipe out months of progress. The fear of missing a big opportunity is strong, but chasing after hyped stocks can backfire. By staying disciplined, keeping your emotions in check, and following a solid trading plan, you can avoid the traps of FOMO and keep building your gains over time.
NVDA For Tomorrow Trading 10/8/2024Key Levels:
Resistance: The recent high at 130.63 is a critical resistance level to watch. Breaking this level could lead to further bullish momentum.
Support: There are several support levels on the chart:
The first support is at 128.10, where NVDA is currently hovering.
A lower support zone is at 126.62, and below that, strong support is seen around 123.06 and 122.35.
Trendline:
NVDA is trending upwards, following the white ascending trendlines. As long as it respects this trend, NVDA could continue its upward move.
A break below the lower trendline could signal a reversal, and 126.62 would be the key level to watch for downside potential.
Volume:
The recent increase in price has been accompanied by higher volume, which is a positive sign of bullish momentum. However, volume appears to be tapering off slightly, which could suggest potential consolidation or a pullback.
Indicators:
While not visible, based on the price action and consolidation around 128.10, the current momentum may slow down if it fails to break through resistance.
Plan for Tomorrow:
Bullish Scenario: If NVDA holds above 128.10 and breaks through 130.63, expect a continued move upwards, potentially testing higher resistance levels around 132.50-135.00.
Bearish Scenario: A break below 126.62 could signal a deeper pullback toward 123.06, with the next support at 114.84.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions.
$NVDA Shows Strength - Despite $SPY Weakness!Overall, NASDAQ:NVDA was the name to pay attention to today.
Even though the AMEX:SPY traded to the downside, NASDAQ:NVDA held strong with a push above $130.
The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Potential political headwinds are not to be discounted quite yet.
This trade carries risk, however, my cost-basis is below $20/share so I'm not sweating it.
IF NASDAQ:NVDA continues on this upward trajectory - we should see $170/share by early next year.
IF NOT - we can get another great dip buy opportunity in the low $100s.
NVDA SWING BUY Following my Market analysis where I consider the market can bet the ATH, with strong crypto.
NVDA looks very well for the fundamentals and technical.
Defined a clear wedge in the High time frame, Breakout and now consolidating above the down trend, Looking for a potential Target as ATH or even Higher.
$NVDA Short OpportunitiyReasons I am bearish on NASDAQ:NVDA
4-hour trendline resistance
4-hour bearish order block
Entry: 131.98
Take Profit: 100.27 (scale profits on the way down)
Stop Loss: 140.80
NVDA: Breakout on WatchNVDA remains one of the hottest AI stocks, and has seen prolonged consolidation for nearly 6 months. We are now seeing a trend break to the upside. The past week or so has shown us lower lows, and higher highs. Watching for a couple closes outside this range.
NVDA: The Next Inflection Point! (D&W charts)Since our last study on NVDA, the price has successfully held above its critical support points, and we now see a good recovery.
The “Above the Stomach” pattern that we identified last month has been triggered, and NVDA is now looking for its next resistance levels.
The link to our previous analysis is below this post, as usual.
Daily Chart (Left):
Higher Highs and Higher Lows: The price is forming a series of higher highs and higher lows, which is a classic bullish trend pattern. This suggests strong upward momentum, with buyers stepping in at each retracement.
Resistance Level at $131.26: The next key resistance level is $131.26. This price point coincides with a previous peak and also aligns with a broader resistance zone observed on both timeframes (D and W charts). If the bullish momentum continues, the price could retest $131.26, and even if it materializes a pullback to the 21-day EMA wouldn't ruin the bullish sentiment.
Weekly Chart (Right):
Above the Stomach Pattern: The weekly chart shows a recent bullish reversal pattern known as "Above the Stomach." This pattern, which we deascribed in our previous analysis, suggests a potential shift from bearish to bullish sentiment.
Pivot Point at $131.26: The $131.26 area has been highlighted as a pivot point on the weekly timeframe, representing a key decision zone. A successful breakout and close above this level would likely trigger a more significant rally.
Ascending Channel: NVDA is trading within an ascending channel, maintaining its bullish trajectory. The lower boundary of the channel has acted as reliable support, suggesting that the long-term trend remains intact as long as the channel is respected.
Conclusion:
NVDA is showing strong bullish signs, supported by the formation of higher highs and lows on the daily chart and the validation of a bullish reversal pattern on the weekly chart. The main level to watch is $131.26, as a breakout above this point could accelerate the rally. For those seeking a longer-term perspective, maintaining the trend within the ascending channel is crucial. If $131.26 is broken, the next potential target could be the ATH.
Break out or nahNVDA has broken out of a triangle. If momentum is maintained, we could see $150 as a target
long NVDA ideacontinuation pattern breakout with tight stop
very bullish staging on higher time frames
blue sky breakout
high probability of follow through
entry $128.11
stop $114.8
max risk $92
sell at fib nodes
+$13 (sell 1 share at high, set stop break even)
+$64 (sell 2 shares at 1.32 fib)
+$86 (sell 2 shares at 1.61 fib)
+$186 (sell 2 shares at 2.61 fib)
no trail
NVDA: Sell ideaBe careful at NVDA we are in an overbought zone on a time unit of one hour. Given this configuration we would have a high probability of seeing the market go down. Let's be careful and vigilant.
NVDA Wave Count: Wave 3 Targets Above $125, Breakdown Below $123Hey traders, it’s Mindbloome Trader here with an NVDA wave count from the 4-hour to 30-minute chart. If we break above $125, we’re aiming for wave 3 on the upside. But if we drop below $123, we could see more downside action. Stay sharp and trade what you see!
NVDA Key Levels: Long Above $125.17, Short Below $123Hey traders, Mindbloome Trader here! Just sharing my latest NVDA chart—if we break above $125.17, I’m going long. But if we dip below $123, I’m ready to short. These levels are key, so keep an eye on them. As always, trade what you see and stay sharp!
