NVIDIA posted outstanding gains last week, lifting more than 25% to a four-week high. The turnaround erupted at the 200-day moving average, raising hopes for a sustained bottom and end of the downtrend that started in November.
An update on NVIDIA
We are a month further and a lot has happened in a month.
Looking at the 4 hours:
Following the previous TA, the bulls had failed to break through. As a result, as reported, we may have started to fill the gaps that were lower, which have now been filled. It was perhaps a bit early to call but… in the end the double bottom W pattern formation...
$NVDA NASDAQ:NVDA has been a market leader, among the last tech stocks to trade lower during the correction.
$NSDQ100 is still trying to find its way back to above key resistance levels whereas $SPX500 & $DJ30 are already above these levels. Turning point is on the horizon, for now I'm just loading up on better setups.
Nvidia (NVDA) – The graphics chipmaker’s stock added 2.3% in the premarket after Wells Fargo added it to its “signature picks” list. The firm anticipates upbeat announcements from Nvidia at its upcoming investor day, and also said the recent market downdraft has helped create a favorable risk/reward profile.
Hi Elliotticians, NVIDIA Corporation can be making a bullish impulse, up from 2014. At the moment however we see price in a temporary decline, which can be a correction in the making; wave IV which can unfold as a three-wave correction and look for support at the Fib. ratio of 0.382 and 0.50.
Trade well!
NVIDIA - Short Term - We look to Sell at 206.22 (stop at 217.69)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 210.00, which will confirm the bearish sentiment. Closed below the 20-day EMA. Short term oscillators have turned negative. Follow through bearish momentum from 346.00 resulted in net losses.
Our...
Entry: 153
Target: 250
Invalidation: 128 ( I will not be putting invalidation level on my trade, since it's a strong company we should see a gain in price in a long term)
Pattern: 1-5 Elliot wave and full ABC correction, now we are wating for market to complete Elliot wave downwards and complete wxy combination. We should break the head and shoulders pattern,...
Goals 209, 193. Invalidation at 268 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Looking for a fill of the gap at 232 which coincides with the 2.0 extension of this 5-wave move down. Head & Shoulders pattern with negative MACD divergence.
NVIDIA - Short Term - We look to Sell at 251.38 (stop at 266.57)
We look to sell rallies. 50 1day EMA is at 248.00. Trend line resistance is located at 252.00. Short term oscillators have turned negative. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke...
Not investment advice, just what I think I see...
Testing the bottom with a lot of buyer pressure, buyers will be picking up momentum Fri-Next Week.
Most likely the smart investors will wait for 200-205 to get in and then we may see a break out long.
It seems like the top ten Nasdaq 100 mega companies are due for a beating in the coming weeks as we head towards the much anticipated rate hikes, tapering, and balance sheet shrinking. Nvidia is also suffering with the Covid supply issue as well as a decline in sales as pricing for their products like graphics cards are selling for 2x MSRP. It doesn't seem like...
I`ve noticed that from time to time NVDA does some intraday retracements from which it recovers.
If you want to buy the sell-off wicks, you can put buy orders between $198 and $215.
In this choppy market there are chances for NVDA to hit the support areas more often before going up again.
Looking forward to read your opinion about it.
NVIDIA - Short Term - We look to Sell at 269.00 (stop at 291.43)
We look to sell rallies. Previous resistance located at 270.00. Previous support located at 210.00. Trading within a Bearish Channel formation. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our...
NASDAQ:NVDA
NVDA has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
NVIDIA has a tiny Daily Demand within the monthly, please check stop losses for high liquidity moves. This...
Hi followers and other TradingView users,
Baron Rothschild, a British banker and politician from a wealthy family, once said that the best time to buy is “when there is blood in the streets.” In simple words, when everyone else is selling, it's a great time to fill your portfolio.
At the moment, there have been quite scary times considering the current situation...
