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NVDC34 trade ideas

NVDA POISONED FOR MORE BEARISH SWINGOn April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40, there's a higher possibility of a bearish swing towards the next minor level at $660. Also, traders take note of the first low-high swing at $908.8 which is another factor of a higher possibility of a bearish sentiment buildup
NASDAQ:NVDAShort
by ChartsEmpire01
NVDIA: bottomed but may consolidate for a while. Massive upside.NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100. Whatever the case, this is most likely NVDIA's bottom, a symmetric -21.33% correction with an enormous upside on the 4.0 Fib extension, like the two Highs prior. For the time being our target is a more modest one on the 2.0 Fib (TP = 1,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
Dollar, VIX, Gold, Spy, NVIDIA ALL Right On TrackTraders, As stated in my video on Sunday, all charts/indexes that we have been tracking and utilizing as leads for our crypto price predictions are still right on track. A quick review (left to right) shows: - The dollar has found support and, if my overall thesis is correct, could bounce here and travel up to that 107 target before dropping from our bearish ascending megaphone pattern - The VIX has also found support and could likely bounce up from here. - Gold (reppin' precious metals/commodities) has formed a gap above current price. Likely sooner rather than later, it will look to fill that gap and continue its upward trend to our target of 232 before pausing again. - SPY (reppin' stocks) has touched the bottom of my red channel according to expectations and may now likely continue downwards into the orangish/yellow channel once DXY, VIX, GLD bounce and turn up again. - NVDA (reppin' mega corp leaders) has a gap below which it will likely look to fill sooner rather than later. If DXY, VIX, and GLD bounce while the stock market, lead by mega corps like NVidia, continues down, it will put pressure on our lead crypto Bitcoin which will likely follow. Alts, though as speculated previously may have formed their lows, would likely retest their recently printed lows as support. Trade accordingly until one or more of our charts can prove me wrong. If I am wrong about further pullback, a local bottom is likely in and we will continue our WAVE 5 blowoff top in stocks. Bitcoin will exaggerate this price movement. Alts will absolutely fly and blow minds. We'll know soon. Until then best on all your trades, Stew
NASDAQ:NVDAShort
by stewdamus
NVDA Update: How Low Can She Go?NASDAQ:NVDA was over-speculated. It is a component of many ETFs based on all kinds of index funds, from semi-conductor ETFs to Big Blue chip companies, etc. NVDA was the big loss stock for the NASDAQ on Friday. The huge down day was due to many retail investors and smaller funds running for the door. This has nothing to do with its earnings report. It is a universal panic in the stock market. Pro traders bought the stock in the last few minutes of the trading day. Now the stock is close to being a buy on the dip candidate. The angle of descent is too steep to sustain but the price can collapse further as there is not a Dark Pool Buy Zone firmly established at this level. Revenues and earnings have been showing exponential growth but the next earnings report is a month away. Just keep in mind that the economy is booming. We had a nudge of higher inflation mostly due to oil prices but some due to corporate growth. Inflation = Growth.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
Nvidia ($NVDA) Plunge 10% on Friday's Trading SessionThe recent tumultuous journey of this AI-chip giant has left both seasoned investors and keen traders on edge, prompting a closer examination of its trajectory and potential future movements. The Magnificent 7 Retreat: A Sector Under Scrutiny NVIDIA's recent 10% plunge, amidst broader market jitters, signals a sobering reality for the so-called 'Magnificent 7' of U.S. mega-cap tech stocks. As the first-quarter earnings season unfolds, concerns over stretched valuations and macroeconomic uncertainties have cast a shadow over the sector. From Tesla to Meta, Microsoft to Alphabet, the tech behemoths are facing heightened scrutiny. NVIDIA's sharp decline, coupled with losses in other tech giants, underscores the fragility of market dynamics and the daunting challenges ahead. Unraveling the Rout: Understanding the Catalysts The catalysts behind NVIDIA's downward spiral are multifaceted. Super Micro Computer's decision to withhold preliminary earnings data served as a trigger, amplifying anxieties across the AI sector. The lack of guidance from related stocks and concerns over earnings reports have exacerbated the sell-off, eroding investor confidence. Moreover, broader macroeconomic factors, including the Federal Reserve's stance on interest rates and geopolitical tensions, have added to the market's unease. The ripple effects of these uncertainties have reverberated through NVIDIA's stock price, intensifying the volatility. Charting the Course: Long-Term Resilience Amid Short-Term Volatility Despite the recent turbulence, NVIDIA's long-term charts paint a picture of resilience. From its origins in the Bitcoin mining frenzy to the post-COVID rally, the stock has weathered multiple bull runs and bearish phases. While short-term moves may sting, the long-term bullish trend remains intact. For long-term investors, maintaining a keen eye on support levels, particularly the critical $660 mark, is imperative. Any breach of this level could signal a potential shift in sentiment and warrant reevaluation of investment strategies. However, as of now, the stock's upward trajectory remains promising for those with a patient outlook. Balancing Risk and Opportunity In the wake of NVIDIA's recent downturn, navigating the path ahead requires a delicate balance of risk and opportunity. Traders must exercise caution, particularly in short-term positions, while remaining vigilant for potential rebounds. Establishing robust stop-loss measures and closely monitoring key resistance levels can mitigate downside risks and capitalize on potential upside opportunities. Whether considering long or short positions, prudence and foresight are indispensable virtues in the volatile realm of NVIDIA's ( NASDAQ:NVDA ) stock. Conclusion: As NVIDIA's rollercoaster ride continues, finding stability amidst uncertainty is paramount. While the market may sway with each earnings update and geopolitical development, steadfast investors recognize the enduring value of NVIDIA's innovations and adaptability. In the face of short-term fluctuations, the long-term trajectory of NVIDIA's stock offers a beacon of hope for those willing to weather the storm. By charting a course guided by diligence and insight, investors can navigate the turbulence and emerge stronger on the other side.
NASDAQ:NVDA
by DEXWireNews
(NASDAQ:NVDA) Warning: Nvidia's Stock Faces Impending Correctionand Undervaluation Despite Strong Fundamentals! 1. Potential Price Dip Below $500.00: Despite strong fundamentals, there's a possibility for Nvidia's stock price to fall below $500.00. This suggests a cautious outlook, indicating that market conditions could lead to downward pressure on the stock. 2. Anticipated Correction: There's a looming expectation of a significant correction in Nvidia's stock, signaling a potential shift in market sentiment. Investors should be vigilant and prepared for this correction, as it could impact short-term price movements. 3. Key Levels to Monitor: It's crucial for investors to pay close attention to key levels in order to maximize profits and mitigate risks associated with Nvidia's stock. These levels serve as important indicators of potential price movements and can inform trading decisions. 4. Undervaluation and Revenue Opportunities: Despite the possibility of a correction, Nvidia is viewed as deeply undervalued. Engaging in short out-of-the-money deals could present additional revenue opportunities for investors. 5. Upward Potential with Caution: While Nvidia has the potential for significant upside, with a projected increase of up to 25% from recent highs, caution is warranted. Before reaching these highs, a correction ranging from 15% to 25% is anticipated, which could fill a price gap and potentially attract the price towards the 200-day moving average as a support level. 6. Short-term Target: In the short term, a target range between $742.17 to $688.85 is considered plausible. This indicates a more conservative outlook for Nvidia's stock performance in the immediate future. In summary, Nvidia's future stock performance appears to be influenced by a combination of factors including potential corrections, undervaluation, revenue opportunities, and short-term targets. Investors should carefully analyze these factors and market conditions to make informed decisions regarding their Nvidia holdings. 🚀🚀Boost this idea to reach more people like you! 🚀🚀 NFA PLEASE, DYOR/MYOD!! Hope to See your Likes 👍 to Support My Work To Follow All My Ideas, Go to My Profile and Select the Follow Green button 😁 Please Re-Evaluate Before Make Your Last Decisions Check my Profile for more.
NASDAQ:NVDAShort
by Decodingthemarket
5
NVDA - the way it's meant to be played™Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NVDA has been overall bullish from a long-term perspective, trading above the blue trendline which is acting as a non-horizontal support. After breaking below the last low marked in red, NVDA has been in a correction phase from a medium-term perspective. Moreover, the green zone around $650 is a strong demand zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and blue trendline. 📚 As per my trading style: As #NVDA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:NVDA
by TheSignalyst
1
Buying the Opportunity: NVDA BTDDespite the recent market downturn, the long uptrend and strength of Nvidia and Meta remain intact. While short-term market fluctuations may present challenges, the long-term growth potential of Meta and Nvidia outweighs the current market volatility. Risk-Reward Profile: While investing in any stock carries inherent risks, the risk-reward profile for Meta and Nvidia appears favorable at current levels. Despite short-term losses, utilizing volatility to compute a close stop-loss level can effectively manage risk in this negative environment while leaving ample room for potential gains. This strategy, frequently employed by seasoned traders, maximizes opportunities in turbulent markets. Stop level: 810 Weekend Factor: However, it is important to keep in mind the negative exposure to war-related news associated with any long trade carried before the weekend. There's no guarantee that Monday's open will align with or exceed the stop level, potentially resulting in larger losses than anticipated. Therefore, investors should carefully assess their risk tolerance and adjust their positions accordingly. *************************** The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing in stocks carries risks, and individuals should conduct their own research or consult with a financial advisor before making investment decisions
NASDAQ:NVDALong
by Carlos_F_444
NVIDIA (NVDA) Slumps 10% Consecutively for 5 Days NVIDIA ( NASDAQ:NVDA ), a prominent AI technology firm, has experienced a significant 10% decline in its stock over the past five days, leading some to speculate that the company's AI bubble may be bursting. This downward trend could be indicative of a broader bear season in the AI ecosystem. One potential cause of NVIDIA's recent decline is the disruption of its business model. The company does not directly manufacture chips; instead, it designs semiconductors that are produced by the Taiwan Semiconductor Manufacturing Company. Some of NVIDIA's key clients, including Meta, Amazon, OpenAI, and Microsoft, have recently begun designing their own AI chips, resulting in a loss of market share for NVIDIA. Intel and Google have also recently launched competing AI chips, including Gaudi 3 and Axion, further threatening NVIDIA's position in the market. Despite these challenges, some analysts argue that the AI bubble has not yet burst. Bryan Beal, a top business executive, has suggested that NVIDIA's recent decline is not indicative of broader market trends. Rather, it is a reflection of the company's specific challenges. Moreover, NVIDIA's market capitalization, which reached $2 trillion in February 2024, remains higher than that of Alphabet and Amazon, making it the third-most valuable firm in the United States. However, the recent economic data and inflation reports have caused markets and policymakers to lower their expectations for interest rate cuts, which has in turn caused tech stocks, including NVIDIA ( NASDAQ:NVDA ), to waver. At present, NVIDIA's stock is trading at $762 on Nasdaq, having experienced a 10% decline in the last 24 hours and a decline of over 14% over the past five days. Overall, while NVIDIA ( NASDAQ:NVDA ) may be facing challenges in its AI business, it is still a major player in the market and is likely to continue to play an important role in the development of AI technology.
NASDAQ:NVDAShort
by DEXWireNews