NVIDA Looking Ahead
Through the previous week, we have seen increased volatility within the market with many eyes looking at NASDAQ:NVDA historic loss. Many question as to whether or not DeepSeek brought the end of NVDA's market dominance or if it will continue its bull run. Looking ahead to figure out which scenario will play out, for NVDA to continue its bull-run I'd like to see them break past that previous lower high at $130.29, eventually to hopefully reclaim some of the gap left in the DeepSeek wake. If it fails to reclaim that lower high and push down to a lower low, I would then be watching the lower key levels at $100.95 and $90.69 as a resistance level.
Trade ideas
Nvidia's Price Approaches the $110 MarkThe stock has dropped more than 11% over the past five trading sessions due to newly imposed tariffs on Taiwanese semiconductors (which could increase Nvidia's costs) and growing concerns over DeepSeek's advanced AI model, which has intensified competition in the sector. Additionally, rising global trade tensions have led investors to lose confidence in Nvidia's future market outlook. As one of the most influential technology companies worldwide, a potential slowdown in global economic growth could negatively impact Nvidia's sales and revenue projections.
Accelerated Downtrend
Nvidia has already undergone a significant decline from the $150 price zone and is now approaching the key support level at $114 per share. So far, the sharp bearish moves have largely been accompanied by price gaps, and no clear trend-defining structure has emerged to establish a decisive bearish bias. This suggests that, in the long run, investors should watch for potential bullish corrections, given the speed of the recent sell-off.
RSI Indicator
The RSI line has consistently declined and is now approaching the oversold zone near the 30 level. This signals a strong imbalance between buying and selling pressure, which could increase the likelihood of short-term upward corrections in the stock price.
Key Levels
$130: The most significant resistance level, representing a neutral price zone over the past few months. A return to this level could reinforce a sideways market outlook in the coming weeks.
$114: A critical support level, aligning with the 61.8% Fibonacci retracement barrier. Sustained movements below this level could reinforce the bearish perspective and trigger a more extended selling wave.
By Julian Pineda, CFA - Market Analyst
NVIDIA has reached the first targetNASDAQ:NVDA created a perfect double top pattern, breaking the baseline forcefully and offering up to two perfect pullbacks that only confirmed that the $127.7 level had ceased to be support and had become a critical resistance .
A few weeks ago, we already warned that considering shorts on NVDA was feasible due to the breakdown of a previous pattern (see previous ideas). Now that the double top has broken down, the most common target would be to see prices around the $103 area , which, given NVDA's strong fundamentals and monopoly in AI, seems unlikely.
But with Trump, you never know! If market uncertainty persists, the most extreme level would be around the $90 area, where a significant amount of money should appear to buy NVDA at a substantial discount.
Spike Not Yet DigestedIt looks that we are building a bottom after the broad spike 2-3 days ago.
There is big volatility as the market is not yet aware whether the fallis over already. The more it is option expiration day today.
Thus today is decisive whether we are able to close the spike which would be healthy.
I think that we we settle down today to open higher on Monday when the otions will have expired.
NVDA Trading Plan: Waiting for a Break Above SMA 150 at 130.84Currently, the price of NVDA is 117.81, which is below the 150 SMA (128.9). The suggested entry point is 130.84, which is safely above the SMA 150, indicating a confirmation of upward momentum.
Entry Strategy:
Wait for the price to break above 130.84.
Ensure the SMA 150 continues to trend upward for additional confirmation.
Stop Loss:
Set the stop loss was at 126.97, below the SMA 150, to minimize risk.
Target:
Monitor the price action for key resistance levels to determine potential profit targets.
Alerts:
Set an alert on TradingView at 130.84 to notify you when the price breaks the entry level. NASDAQ:NVDA
NVDA - Waiting for a pullback to add to my short exposureThe first NVDA analysis went pretty well.
Let's see what we can do from here.
Over the weekend the world was going crazy once more. This knocked the markets down and they opened in the red, and so does NVDA.
I would like to see a pullback to the 1/4 line. Because this would give me the chance to load the short even more.
Target is the Center-Line.
(Former analysis linked)
Incoming 50% correction for NVIDIA to $50Patiently we waited and finally it has happened.It was the month of January 2025 when this immense bubble would break support. 2 years after it first confirmed in September 2022.
A number of reasons now exist for a bearish outlook. Look left. On the above 5 week chart:
1) Price action and RSI support breakouts.
2) RSI support confirms resistance on past support.
3) Looking left previous corrections were at least 50% from the support exit, that’s $50 today should that repeat.
4) Looking left the chart suggests this correction is over after 210 days. In other words August 10th presents a unique long term investment opportunity.
Is it possible price action continues upward trend? Sure.
Is it probable? No.
Ww
NVIDIA at Crossroads: Will $116 Hold as the New Support? Jan. 3Technical Analysis:
* Trend Overview: NVDA has recently broken below the short-term support trendline, aligning with a bearish pattern. The stock is testing a critical support zone around $116, with declining momentum.
* Key Indicators:
* MACD: Bearish crossover with increasing negative divergence indicates selling pressure.
* Stoch RSI: Currently near oversold levels, showing possible consolidation or a short-term bounce.
* Volume: Rising sell volume signals strong bearish conviction as the price approaches key support.
Support and Resistance Levels:
* Immediate Support: $116 (critical level).
* Secondary Support: $110 (aligned with the next significant demand zone).
* Resistance Levels:
* Near-term resistance at $124.
* Further resistance at $128.95 and $149.10 (as noted by the CALL wall).
Options and GEX Analysis:
* Highest Positive GEX Level: $128.95, serving as the next potential gamma resistance.
* PUT Dominance: Significant PUT support around $116 aligns with technical support, offering a strong defensive zone.
* Volatility Metrics:
* IVR: 70.4% (indicating above-average implied volatility).
* Options Flow: 41.4% CALLs dominance suggests a lack of bullish sentiment, though potential for a rebound remains.
Scenarios:
1. Bullish:
* Entry: Above $124 on strong momentum.
* Target: $128.95 or higher if the gamma squeeze accelerates.
* Stop Loss: Below $120.
2. Bearish:
* Entry: On a breakdown below $116 with strong volume.
* Target: $110 or lower.
* Stop Loss: Above $118.
Conclusion:
NVDA is testing a critical support zone. A break below $116 could intensify the bearish momentum, while holding this level might attract short-term buyers aiming for $124+. Options data suggests bearish sentiment dominates, yet watch for unusual activity at support.
Range or Double top on Hourly?Range or Double top?
Is NVDA going to continue the short-term down trend or have a price reversal? Hypothetically if the price moves below 118.33, the chance increases for more bearish activity, if price closes above the high wave candle the 120-price range and price does not consolidate there is a possibility of price movement to 128.92. Please keep in mind the MACD (Chris Moody) indicator is very close to having a bearish cross over and the Stochastic RSI is bearish; and in addition, we had some very interesting news events this weekend that may sway the markets acting like invisible engulfing candles.