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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! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, NASDAQ:NVDA , AMEX:SPY , nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts, NYSE:SNOW , nvdawedge, wedgepattern,
NASDAQ:NVDA
by TonyAiello
4
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.
NASDAQ:NVDA
by BardiniCapital
8
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.
NASDAQ:NVDAEducation
by David_SpotTheTrend
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.
NASDAQ:NVDA
by BullBearInsights
$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.
NASDAQ:NVDALong
by PennyBois
2
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.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
NVDA: TA for tomorrow trading (10/07/2024)Key Levels: Resistance Zones: 127.66: This appears to be a significant resistance level based on past price action. The price is currently approaching this level, and it might act as a barrier for further upward movement. 125.17: Another key level where selling pressure could appear, based on previous consolidation and rejections. Support Zones: 122.85 - 122.45: These zones are crucial as they represent the immediate support level, where buyers previously stepped in. It’s important to see if the price holds here in case of a pullback. 114.70: This is a major support zone, and a break below this could signal further downside potential. Price Action: There’s an upward trend forming from the low around 114.70 to the current price, indicating bullish momentum. However, the upward channel shows the price nearing a resistance point, which might cause consolidation or a pullback. The recent breakout from a descending trendline suggests a potential continuation of the uptrend, but the price approaching 127.66 might see some rejection unless there’s strong buying volume. Volume Analysis: The volume spikes on upward movements indicate buyer interest, but recent candles show a bit of hesitation as the price nears resistance levels. Watch for a volume increase if it attempts to break through the 127.66 level for confirmation of bullish momentum. Indicators: The chart shows oscillating movement near the zero line, indicating a possible indecisive market. Watch for a clearer direction from the oscillators in the next session for a stronger signal. Strategy for Tomorrow: Bullish Scenario: If NVDA breaks above 127.66 with strong volume, this could be a signal for a continuation of the uptrend, with a potential target of around 130 or higher. Bearish Scenario: If NVDA fails to break the 127.66 resistance, look for a pullback to the 122.85 - 122.45 support zone. A break below this support may indicate further downside, possibly testing the 114.70 support again. Entry/Exit Points: Bullish Entry: On a confirmed breakout above 127.66, enter long with a stop-loss slightly below 125.17. Look for targets around 130. Bearish Entry: If price gets rejected at 127.66, a short position could be considered with a target around 122.85. Place a stop-loss above 127.66 to manage risk.
NASDAQ:NVDA
by BullBearInsights
NVDA Update Trading Strategy Analysis for NVDA Futures (1H Timeframe) Overall Setup: Timeframe: 1 Hour (1H) Trading Objective: Identify entry points, take profits, and trailing stop loss levels for a short-term trading strategy. Key Indicator: Using a combination of Algo Support/Resistance zones and Pivot Points (PP) to establish Entry, Stop Loss, and Take Profit targets. Risk Management and Trade Setup: Entry Point: The Entry is set at the 1H support level of 117.45. This is a high-probability bounce zone if the uptrend continues. This level also aligns with the Support from lower timeframes such as 15-minute and 30-minute charts, making it a strategic entry for a trend continuation. Stop Loss (SL): Stop Loss is set at the lower support level of 116, which is slightly below the Entry point to mitigate risk if the price does not follow the expected trend. Placing SL below support helps avoid premature stop-outs due to market noise. Trailing Stop Loss (TSL): The Trailing Stop Loss is initially set at 123.71. As the price moves up and reaches TP 1 or TP 2, the trailing stop will automatically adjust to lock in profits. Using a trailing stop allows the position to capture more gains if the trend extends further without exiting too early. Take Profit Structure: TP 1: 124.44 - This is the short-term take profit, representing a 7% - 10% profit target. TP 2: 127 - The intermediate-term goal, providing a 15% profit. TP 3: 133.14 - The final long-term take profit point, maximizing profit with a 20% target. Strategy Adjustment: If the price moves favorably and hits TP 1: Trailing Stop Loss should be moved up to the Entry point to ensure a risk-free trade. Maintain the position for a potential move to TP 2 or TP 3. If the price reverses and hits the Stop Loss: Consider closing the position entirely and reassessing the trend from higher timeframes (e.g., 4H or Daily). Timeframe Breakdown and Role in Strategy: 1H Timeframe: Used to establish key support/resistance zones, Entry, and Stop Loss points for short-term trading. 15-Minute Timeframe: Utilized to identify intraday fluctuations and confirm signals. 2-Minute to 5-Minute Timeframes: Focus on identifying candle wicks and fine-tuning entry points for quick scalping trades. Trend Analysis: Currently, NVDA is in a short-term uptrend with a strong resistance at 124.44. If it breaks through this level, the price could continue climbing towards the next targets at 127 and 133.14. Volume and trend indicators are also supporting this upward scenario. Important Considerations: Always adjust the Trailing Stop Loss as each TP is reached to ensure gains are protected. Monitor trading volume and volatility to fine-tune the strategy and react quickly to changes in market conditions. Weekly Timeframe Setup (Trailing Stop & TP Analysis): In the weekly setup (as seen in the shared chart), the Trailing Stop Loss acts as a key pivot to manage longer-term positions, with: Entry Point at the weekly support level. Stop Loss set slightly below the weekly wick. Trailing Stop Loss adjusted using mid-points of daily, weekly, and monthly resistance levels. Scalping Timeframe Explanation: For scalping strategies: 2-Minute Timeframe: Used for pinpointing candle wick levels over a 2-day, 5-hour range to identify micro-trends. 5-Minute Timeframe: Helps define support and resistance levels for the 15-minute timeframe and guides scalping entry points. 15-Minute to 30-Minute Timeframes: Used for higher precision entries, especially in choppy markets. This combination allows for quick scalping and precise short-term entries, making the strategy adaptable for both trending and ranging markets. Swing Trading Strategy Explanation: For swing trades: 15-Minute Timeframe: Date range set to 3 days, 8 hours, with a focus on establishing short-term support and resistance. 1-Hour Timeframe: A broader view with a 7-day, 4-hour range, used to capture intermediate trends. 2-Hour Timeframe: A 14-day view to align with larger support/resistance structures, ideal for position holding. 4-Hour Timeframe: Establishes a 28-day trend overview, aiding in long-hold decisions. Investment Strategy Overview: For long-term investments: Daily Timeframe: A pattern spanning 175 days helps identify major trend shifts. Weekly Timeframe: A pattern covering 840 days (approximately 2.5 years) provides a holistic view of major support/resistance and trend direction. 1-Hour and 2-Hour Timeframes: Serve as intraday wicks for entries and exits on longer timeframes. 4-Hour Timeframe: Support and resistance points for the weekly trend. Conclusion Using the outlined strategies and timeframe-specific setups, this approach can be tailored to various trading styles, whether it’s scalping, swing trading, or long-term investing. By aligning Stop Loss, Trailing Stop Loss, and Entry points with key support and resistance levels, traders can maximize profit potential while maintaining strong risk management.
NASDAQ:NVDA
by TWRTEAM
2
NVDA price bounced exactly at the green zone, around 115.25. WOWThe price bounced exactly at the green zone, around 115.25. WOW, do you remember my analysis of Nvidia from last week? I can't even believe it myself; it was incredibly accurate! Every time I apply price behavior with price action, I always remember the words of my mentor, Al Brooks. He told me: "Just remember, Mike, price action is ALWAYS RIGHT." I believe that it's the trader who makes mistakes, not the price action, because it will always be on the correct side. That’s why I always recommend drawing trend lines, channels, and minimizing the use of indicators that might make you see something different. This way, you'll be more accurate in your decision when executing an order. Going back to Nvidia... There’s something about the last candle that has me a bit uneasy. This can be very misleading because the price HASN’T BROKEN THE CHANNEL YET! The advantage we have here is that the last candle shows a buying pressure wick, but it hasn’t fully broken out of the channel or shown volume yet. However, I still believe that Nvidia will likely break out at any moment because it bounced off my green zone, as we said in the previous analysis (well before), and it didn’t even reach the #4 sequence, which would have been at the channel’s support. Now, we just need to wait for a breakout confirmation. But what will happen after it breaks out? We’re looking for an N3 pattern. An N3 pattern involves three movements: #1 Breakout and New High #2 Pullback and Rebound #3 New Extreme That simple. Will it happen? No one knows for sure. The next step is the breakout, and after that, we let the price do what it needs to do so we can position ourselves for the next move. Stay very alert this week! Best regards, and thank you for supporting my analysis.
NASDAQ:NVDALong
by RocketMike111
NVDA Weekly and Daily Outlook: Bullish Trend with Mixed Signals NASDAQ:NVDA Technical Analysis Weekly Perspective The weekly technical indicators for NVDA show a predominantly bullish outlook, with strong support from moving averages across various timeframes. Oscillators: Most of the oscillators remain in neutral territory. The Relative Strength Index (RSI) is at 59.09, indicating that the stock is not overbought or oversold. The Momentum (10) is showing a buy signal, reflecting a possible upward move, but the MACD is indicating a sell, suggesting some divergence in short-term momentum. This points to a cautious outlook, where price action might not be fully supported by underlying momentum. Moving Averages: All the key moving averages (both exponential and simple) are signaling buys. The 10, 20, 50, 100, and 200-period moving averages are all below the current price, which reinforces the strong upward trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also confirm this bullish sentiment, with the stock remaining above these key levels. Despite the neutral signals from most oscillators, the moving averages strongly support the continuation of the upward trend. However, some caution is warranted due to the conflicting momentum signals. Daily Perspective On the daily chart, NVDA’s technical indicators show a slightly more bullish tone compared to the weekly outlook. Oscillators: The daily RSI is at 58.39, close to the upper neutral zone but still not overbought. The Awesome Oscillator and Momentum (10) are both giving buy signals, indicating positive momentum in the short term. The MACD is also in buy territory, which could suggest the continuation of the recent uptrend. Most other oscillators, like the Stochastic %K and Williams Percent Range, remain neutral, reinforcing the view of balanced price action for now. Moving Averages: All moving averages, both exponential and simple, are signaling buys. The price is above the 10, 20, 50, 100, and 200-period moving averages, indicating strength in the trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also reflect a strong bullish stance, with the price staying above these levels. In summary, the daily analysis reflects a stronger short-term outlook with positive momentum and solid buy signals across all moving averages. Conclusion NVDA presents a strong bullish trend across both the weekly and daily charts, supported by moving averages that are firmly in buy territory. While oscillators on the weekly chart are mostly neutral, short-term momentum indicators show strength on the daily chart. This suggests that NVDA is in a solid uptrend but with some mixed signals that warrant caution, particularly in monitoring momentum for potential shifts.
NASDAQ:NVDALong
by CF_444