Nvidia 1W Forecast until end of September 2024Old trend begging for correction. To stay healthy it needs a decent rest no shorter than a month bottoming at 103-ish. In the end of August it may resume to move up, but printing a lower high peaking in the end of September at 117.by discarding0
Nothing panicky about $NVDA so far.The chart does seem overextended, but I view it as a return to normality rather than panic selling. In fact, the entire market appears to be a "return to the mean" kind of market. What used to work, the Magnificent 7, has decreased slightly, but all the other 493 stocks are up. It's an overdue correction of an extended market. Notice the change in colour on my graph from blue to white a few weeks ago, which warned us about the decrease in bulls' power. Key points to watch for The first line of defence - $114 The second line of defence -$98 If you break the second level you are entitled to panic, until then look for other opportunities in the market. They seemed to be plenty now. If you want the indicator described, send me a message. by WavesInvesting1
Nothing panicky about $NVDA so far. The chart does seem overextended, but I view it as a return to normality rather than panic selling. It's an overdue correction of an extended market. Notice the change in colour on my graph from blue to white a few weeks ago, which warned us about the decrease in bulls' power. Key points to watch for The first line of defence - $114 The second line of defence -$98 If you break the second level you are entitled to panic, until then look for other opportunities in the market. They seemed to be plenty now. If you want the indicator described, send me a message. by WavesInvesting0
Gaming the Market: Shorting NVDA a Power Play?Trade: Entry: Short layered in around 132, w/ stop loss at 142 Profit target: 97 Levels of Interest: Gap (95-100) in IPDA 60 .61 Fib retracement to same gap area. Shortby BunkerBulls111
Making its mark back to 130 on the solid trendlineWhether the momentum continues with other stocks, the market air or the fact that it's back to business after an eventful 4th of July. I'm seeing all the signs of bullish sentiment.Longby themoneyman80117
NVIDIA _ Corporation _ Under _ Trading _ Venue _ NASDAQ. NVIDIA _ Corporation _ Under _ Trading _ Venue _ NASDAQ. For one who asked for trading strategy, please note the following: (1) I don't do YouTube, Website, SMS, WhatsApp, Telegram or any kind! Real trader in my view is very rare and the real one only few I can qualify as a trader. (2) I do not do teach ,this is not something can be thought, this doesn't mean I do not want you to learn its simply not possible as I do not use software, or any-kind, or books etc, I do everything manually and read numbers and calculate the data. (3) Just ask if you need a help and I will do my best to have a spare time to give the one who need how to structure their trading portfolio. Now lets Breakdown NVIDIA step by step! $129.69 $132.00 $135.90 $137.62 $138.47 $138.89 $140.04 follow by $140.024Shortby Skill-Knowledge-Conduct1
Chart Pattern Analysis Of NVDA K3 break up the ice line, It verified a fact that the supply pressure had been totally absorbed. The support at 118 USD is solid. So, it is likely that a larger scale consolidation is on the way, It will push the price up to test the upper price area of 134-140 USD. Or, another bull run had started from K3. This is a first good place to buy in. I will establish a tentative long positions at K3. Long-126.5/Stop-124/Target-140Longby nothingchangehereUpdated 5516
NVDA: Trading Near Key Support Levels (D&W charts).The chart for NVDA reveals key levels and patterns that that could change the game for it. On the daily chart, NVDA is currently trading within a defined range, with resistance around $140.76 and support near $118.04, between the ATH and its key support level. This consolidation phase comes after a strong uptrend, suggesting the market is taking a breather before potentially making its next significant move. However, the bias is slightly bullish, as the 21-day EMA is still acting as a support level today. Any bullish reaction around this EMA would be interesting. On the weekly chart, the $118.04 level is highlighted as a main support level and a possible bearish pivot point. This level is also observed on the daily chart, reinforcing its significance. If the price breaks below this support, it could signal the beginning of a bearish phase, with the next major support around the $97.40 level, which aligns with the top of the previous consolidation phase before the latest rally. The weekly chart also shows that the price is still above the 21-week EMA, indicating the overall long-term trend remains bullish despite the recent consolidation. To summarize, NVDA is currently in a consolidation phase within a well-defined range on the daily chart, with resistance at $140.76 (ATH) and support at $118.04. The bias is still bullish as the price is still above the 21-day EMA, however, if we lose this key support level, NVDA will lose momentum. In order to trigger a bear trend, it needs to lose the $118.04. We should watch for a breakout above the resistance for bullish confirmation or a breakdown below the support for a potential bearish move. Until then, range-bound trading strategies may be effective, focusing on buying near support and maybe selling near resistance. Be careful selling NVDA, as it is a bull trend, after all. 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.by Nathan_The_Finance_Hydra6627
Nvidia - History repeating itself?I drew the first leg of the trend and then copied the first leg and pasted it over our current trend. Is Nvidia history repeating the trend again?by Tienn1236
Be prepared for a sharp drop in NVIDIA stock.There is good reasons to be careful in the stock market going forward for a while, and there are still no trees or shares that have grown all the way up into the sky. Although some stocks are starting to come pretty close now to making it. Technical Analysis of NVIDIA Corporation (ticker on Nasdaq: NVDA) NVIDIA Corp. (NVDA) is in a long-term rising trend (cf. weekly chart) and the share is now meeting technical resistance against the upper trend line in this long-term rising trend. At the same time, various momentum indicators (in the weekly chart) and such as Stochastics, RSI and MACD now signal that the share is likely to face a downward correction in the short and medium term In the event of a downward correction, there is now little technical support for the share, and a correction can thus be significant. According to the long-term rising trend, the stock is now right up against the resistance level at the upper trend line of this long-term rising trend. Yes, according to this long-term upward trend, the overall technical picture for the stock now indicates that it may well get a correction down towards the lower trend line in this upward trend, and down towards USD 35.00 - 50.00 during the next 3- 9 months. The share is currently trading at around USD 127.00, and it may thus be heading for a sharp downward correction for the NVIDIA share over the next 3-9 months. This is what the technical picture for the share now signals, and it is, as I said here, a picture that repeats itself among several of the largest IT companies now and for the stock market index Nasdaq Composite, that a major downward correction may be imminent. It may sound extreme that some of the world's largest companies may see their shares correct sharply downwards and perhaps fall 30-70% within 3-9 months, but also remember that several of these shares have between 5-10 doubled itself during just the past two years. It is typical for the stock market to 'exaggerate' both on the upside and on the downside, and hence very strong fluctuations on the stock exchange and individual shares. Shortby StockCharts3652
Nvda being squeezedNvda is being squeezed which is forming a nice bull pennant. I expect it to break upwards and reach new highs within the coming weeks. The stock is bouncing off of the trendline and it could be up from here.Longby bigppboy7
NVDA Breakdown Short IdeaNVDA looking weak on the daily charts and flushing down on the hourly charts here. This suggests a nice near term short trade idea. Shortby finvizclub111
NVDA at the bottom of parallel channelNVDA parallel channel analysis. This analysis is for informational purposes only.by quietbull7
NVDA Looks Good For Higher PricesLooking good for higher now that we are trading above the POC. We need to flip the VWAP into support next to really aim for the VAH (White Line). Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only. by Navitility3
NVDA at Critical Support Ahead of PowellThings were looking quite bullish this morning and still could be, but we're seeing a spike in volatility here leading into Powell's speech. I think it could easily go either way. Very simple trade idea for NVDA. It's right at support and I doubt it stays here for long. Whichever direction it chooses, NQ will likely follow. I'm sort of getting a bad feeling for bulls, but that's just a feeling. Closing positions and waiting for Powell. Looks like we're gearing up for a big move, which is not what I expected so maybe not. I wouldn't think Powell is going to say anything significant, but being cautious just in case.by AdvancedPlays1
NVDA longFinancial structures accumulates their positions for August-December rallyLongby Blessed_VP1110
Stocks pairs trading: NVDA vs TSLALet's examine the trade potential for NVDA and TSLA by analyzing their key financial metrics and recent performance to determine reasons for going long on NVDA and short on TSLA. Profitability Metrics: NVDA: ROA of 70.10%, ROE of 115.66% TSLA: ROA of 13.93%, ROE of 24.28% NVDA demonstrates superior profitability metrics, reflecting efficient management and higher returns on both assets and equity compared to TSLA. Performance Metrics: NVDA: Perf Year of 179.65%, Perf YTD of 159.63% TSLA: Perf Year of -7.01%, Perf YTD of 4.00% NVDA's performance metrics significantly outperform TSLA, highlighting its strong market momentum driven by advancements in AI technology and strategic partnerships. Recent News Highlights: NVDA : Recently announced new AI and graphics products, and partnerships with companies like XPENG and MediaTek. Their Q2 fiscal 2024 results showed a substantial increase in revenue and operating income, bolstered by growth in AI and data centers TSLA : Facing operational challenges and competitive pressures. Recent earnings reports highlighted a decrease in EPS Q/Q by 53.71%, and sales Q/Q dropped by 8.69%, indicating potential headwinds Decision: Long on 2 NVDA Short on 1 TSLA By focusing on NVDA’s superior growth prospects, profitability, and market performance, coupled with TSLA’s current operational challenges, this strategy aims to capitalize on NVDA's strengths while hedging against potential declines in TSLA.by joyny3
NVDA breakdown possible129 below trendline breakdown possible with can test 128/127/125.50/121 if sustainShortby Equity_Research_Analyst-02112
Market Dynamics Part 1: How to Spot AccumulationIn this two-part series on market dynamics, we’ll delve into the concept of Accumulation — where institutions investors quietly build a position in a stock. Understanding and identifying this phase in the Market Cycle has the potential to give retail traders a much deeper understanding of price action. Understanding Accumulation in the Market Cycle The Market Cycle, developed by Richard D. Wyckoff, includes four phases: Accumulation, Markup, Distribution, and Markdown. The Accumulation phase is characterised by sideways price movement as the institutional ‘smart money’ accumulates shares without attracting too much attention. Recognising this phase early can potentially provide traders with opportunities to position themselves ahead of the crowd. The Market Cycle Past performance is not a reliable indicator of future results Why Spotting Accumulation Matters Identifying the Accumulation phase is pivotal for several compelling reasons: • Strategic Early Entry: Catching the accumulation phase early is like finding a quiet beach before the crowds arrive—it allows traders to enter positions when prices are more favourable, enhancing overall trade timing. • Optimised Risk Management: During accumulation, market volatility tends to diminish, enabling traders to establish tighter stop-loss levels. This creates the potential for improving the risk/reward characteristics of a trade. • Aligning with Institutional Moves: Recognising the accumulation phase empowers traders to synchronise their strategies with institutional investors. This attempted alignment, while not always accurate, has the potential to place the tailwinds of institutional demand behind your trade. How to Spot Accumulation While the accumulation phase of the market cycle may appear almost indistinguishable from the distribution phase to the untrained eye, astute traders can uncover subtle clues that reveal the underlying dynamics at play: 1. Candle Patterns: Price action during accumulation typically manifests as a series of small-range candles with long lower shadows (indicating buying interest at lower prices) and occasional small inside days (where the range of the candle is within the previous day’s range). 2. Support Levels: During accumulation, price often finds support at key levels, such as previous swing lows or established support zones. These levels act as strategic buying points for institutional investors looking to accumulate positions at favourable prices. 3. Swings: A small series of higher swing lows during a period of consolidation can indicate that buyers are stepping in at higher prices, a hallmark of accumulation. 4. Relative Strength: Another indicator of accumulation is a stock's strength relative to its sector or the broader market. This strength is particularly noticeable in weaker market conditions, where stocks showing resilience or outperformance may indicate accumulation. By understanding these nuanced signals amidst seemingly similar market phases, traders can potentially gain a tactical edge in anticipating price movements and aligning their strategies accordingly. Practical Examples: Tesla (TSLA) Here’s a recent example of accumulation in Tesla. The stock formed a small sideways range characterised by a series of small candles. Support held firm as prices formed bullish candle patterns. This phase was marked by a series of higher swing lows, signalling intensified accumulation before prices eventually broke out into the markup phase on strong volume. Past performance is not a reliable indicator of future results Coinbase (COIN) Coinbase’s accumulation phase followed a deep pullback. The first subtle sign was a bullish hammer candle, followed by a series of small sideways days. The market then retested the hammer candle lows, finding support. A small inside day pattern was followed by another bullish hammer candle. Two consecutive gap-up days took prices above the recent swing highs, signalling the start of the markup phase. Past performance is not a reliable indicator of future results Conclusion The goal of price action trading is often to try and align your trades with the phases of the Market Cycle, ensuring you are moving in harmony with the market's natural ebb and flow. By focusing on specific market behaviours and patterns, you can potentially identify when “smart money” institutional traders are quietly positioning for the next directional move. In Part 2 we will explore how to identify the Distribution phase, which is equally important for recognising when the market may be topping out and preparing for a downturn. Look out for more insights on Market Dynamics! Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom12
NVDA - Corrective for sure, but when is the fall?Hey all, Penny man here to collect a few pennies for my piggy bank. This looks like a text-book B wave corrective setup. Only question is do we fall from here or do we have one last leg up before falling? Overall Bearish Price Target: $104 Reasons? 1.618 extension of leg A plus matches with significant daily VWAP level from the last significant bottom of a pullback we made earlier this year. What you might see: B wave's typically have a perfect setup that tricks investors that the resumption of the up trend will continue, only to make a lower-high and turn around. Personally, I really wanted to see the $130 range before having a decent pullback. But, expect to see analysts downgrading ratings, possible some bearish news in the coming weeks, will expedite the downturn exponentially once we clear the local low of $118.00.Shortby ThePennyManUpdated 8
NVDA to correct back to 122NVDA's chart needs to rebuild even if still more bullish legs to come - Most likely pulling back to 122 - we will reassess if a long trade is prudent depending if and how we get to 122 areaby ridethemwaves6
NVDA near longer term predictionNVDA near longer term prediction. This analysis is for informational purposes only.by quietbull2226
Nividia - almost time to short!We have about 2 weeks to go until the market jumps up, and then dives down. This will give us an approximal double top in Nividia. The FED minutes (beginning of July) and the FOMC rate meeting (end of July) will provide a whipsaw not unlike what happened with March 2020 pandemic. See my AMEX:SILJ and NYSE:NEM threads about the repeating fractal I found that shows another week down, two weeks up, and a crash. After the crash the FED is going to lower rates considerably, so feel free to load up on Nividia 2 and 3 month OTM calls. Find them for $5 and flip them for 20x imo. This will be the last market rally then it will fall precipitously next year after the election. If Biden wins we get CBDC's, if Trump or RFK Jr. wins we get a gold standard.Shortby EmptyEternityUpdated 3341