** NVDA Price Action Review for Earnings **Going OVer NVDA's price action leading up to Earnings. whats our plan what are we looking for and how do we plan on Trading NVDA this coming week. REmember Presidents day on Monday. we'll be on the beach working on our tan :)03:43by BobbyS8132
NVDA: Week of Feb 12Another bullish Heikin ashi setup on the hourly, as with last week. So not counting on any massive gap down or selling on Monday. If we do somehow manage to see some selling into Monday and gap towards those low targets that would be an ideal long entry. NVDA may be a bit choppy next week. Its over all major targets and has not seen any pullback. Though the chart does indicate continuation up, its a really hard call on this one. Watch the threshold breaks as always. I'm inclined to be long biased as usual as nothing ever goes down in this current market. Safe trades!by SteverstevesUpdated 191941
NVIDIA displays a robust uptrendNVIDIA displays a robust uptrend, confirmed by the price action consistently forming higher highs, a classic indicator of bullish sentiment. The Moving Average Convergence Divergence (MACD) substantiates this, as the MACD line is positioned above the signal line, indicating maintained upward momentum. Relative Strength Index (RSI) reads above 70, signaling that the stock might be in overbought territory; however, in strong trends, the RSI can remain overbought for extended periods. It's essential to watch for any divergence or RSI turning downwards as it might foreshadow a potential reversal or pullback in price. The stock's current price is hovering around the 726 USD level, with the Fibonacci extension levels providing potential targets and reversal points. The next significant Fibonacci level, the 0.382 extension, is near the 760 USD price mark, which could act as a resistance zone. Conversely, a retracement could find support near the 680 USD level, aligning with the 0.618 Fibonacci retracement. Volume Profile shows higher trading activity at lower levels, suggesting that if the price retraces, these zones might offer substantial support. This could align with smart money concepts, as institutional investors often accumulate positions at such high liquidity levels. Smart Money Concepts, with labels like 'BOS' (Break of Structure) indicating past areas where price structure was significantly altered, potentially by institutional activity. NVIDIA presents a strong uptrend with multiple indicators supporting continued bullish behavior. However, traders should be cautious of the overbought RSI and prepare for potential pullbacks to key Fibonacci levels, keeping an eye on volume profile zones for major support. Traders looking to follow smart money might consider these areas for strategic entries, keeping abreast of potential reversals signaled by RSI and MACD changes.Longby CryptoDiabloo4
NVDA Topped OutHello Birdies, The stock marketer biggest mover who has the responsibility to keep the market up is topped out. Since June it is in distribution phase. The price is at 1.618 fib level and also taking resistance at fib circle. Once it broke down from yellow line thats the start of bearish trend. The targets are on the line which were converted into support its time to retest and confirm them as support.Shortby BlackBirdTradingUpdated 444
NVIDIA 800 After earnings !NVIDIA’s recent earnings report has given investors several reasons to be optimistic about the company’s future. Here are some key takeaways: Record Revenue Growth NVIDIA reported a record revenue of $18.12 billion for the third quarter ended October 29, 20231. This is a significant increase of 206% from a year ago1. Such strong revenue growth is a positive sign and could potentially drive the stock price higher. Data Center Revenue The data center segment, which offers cloud and AI services, reached a record high of $14.51 billion in revenue in the third quarter1. This segment’s performance is crucial as it represents a significant portion of NVIDIA’s business. Continued growth in this area could further boost investor confidence. Artificial Intelligence (AI) Boom NVIDIA is benefiting significantly from the artificial intelligence (AI) boom2. The demand for AI chips is surging, and NVIDIA, being a leading player in this space, stands to gain immensely. This trend is expected to continue, providing a solid growth trajectory for the company. Analysts’ Expectations Analysts expect NVIDIA’s revenue to more than triple from the same period a year ago2. They anticipate NVIDIA’s revenue could reach $20.38 billion for the final quarter of fiscal 20242. If NVIDIA meets or exceeds these expectations, it could result in a bullish sentiment among investors. Custom Chip Unit Plans Reports suggest that NVIDIA is planning to launch a new business unit focused on custom chips2. This move could help NVIDIA capture a piece of the growing custom chip market and reinforce its position as the world’s most valuable chip company amid the AI boom2. In conclusion, NVIDIA’s strong financial performance, growth in its data center business, benefits from the AI boom, and strategic plans for expansion all contribute to a bullish outlook for the company post-earnings. Longby NYRUNSGLOBAL1
Ascending Triangle forming on NVDALooking pretty bullish here, waiting for a break out on either side.Longby supamichy6615
NVIDIA - The top; lets the great Short beginHappy 2024 dragon year! This is the year of China, when they will most certainly reclaim their world stage position- aka take Taiwan back. I predict that when military action will begin NVIDIA stocks will fall.Shortby aialchemistUpdated 2215
NVDIA targeting $1150 before a correction.Arguably one of the hottest (if not the hottest) stock in 2023 has been NVDIA Corporation (NVDA), currently sitting at roughly + 570% from its October 2022 market bottom. Our December 18 2023 long (see chart below) hit its target, with the price even soaring higher: The question is, will it keep rising or finally give way to a proper correction or at best consolidation? Based on the vastly overbought 1W RSI (84.00), we are approaching levels of May 2022, which gave way to July's consolidation. That consolidation however (July - December 2023) is identical to those of September 2020 - March 2021 and January - April 2017. All three consolidation phases took place in the middle of a Channel Up, broke below the 1D MA100 (red trend-line) but found Support and rebounded on the 1W MA50 (blue trend-line). Note that between all Channel Up patterns a strong correction took place that reached as low as the 1W MA200 (orange trend-line). The correction phase was confirmed only after the price broke below the 1W MA50. As a result, as long as the 1D MA100 holds and closes all 1W candles above it (or at worst the 1W MA50), we expect NVDIA to hit at least $1150, which would represent a rise marginally below +207.00% from the consolidation's bottom. As you can see on the chart, the previous 2 Channel Up patterns, peaked on the same % range (+207% and +210%) from their respective consolidations. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot3351
Nvidia has run to hard?Nvidia In the last 5 weeks, Nvidia's shareprice has run 45% From a pure technical perspective: 1. Shareprice is 37% above its 20 week moving average (black line). 2. Shareprice is far outside of its bollinger bands, thus, extremely overbaught. 3. The current week candle looks like a doji candle, which indicates indecision. 4. The sequential count is currently on a perfected SELL 9 count candle. High probability indicates to a shareprice that has run to hard and which is ready for either a pullback or consolidation. IF we get a pullback in the Nvidia shareprice, expect the Nasdaq to follow, as Nvidia sentiment is what currently drives the index higher. by chsmit0
1200 soon? Are we in the climax zone?We all know we are in AI bull market. But for how long and how much more? If we can learn anything from history, this stock can hit 1200-1300 range with in 6 months. The last leg of the bull market is always exponential before it crashes hard. by babu_trader5
Nvidia at resistanceNVidia has reached the line linking the lows since 2022. It is also showing some negative divergence on the momentum RSI-5 indicator. Would be expecting a pullback towards at least the $600 area, even maybe the $505 area. A break above the recent high near $750 would invalidate this view.Shortby powerintegralUpdated 8815
Nvidia Q424 preview – this needs to be on everyone risk radar Whether trading equity, equity indices or even FX, Nvidia’s Q424 earnings (due after-market on 21 Feb) should be firmly on the risk radar. Markets could come alive with movement and traders may need to dynamically react. How the Nvidia share price reacts immediately after its earnings results and CEO Jensen Huang’s guidance could have far-reaching implications - not just for those holding exposures in Nvidia equity CFDs - but for those with open positions in NAS100 and US500, and even risk FX, such as AUD, NZD, and NOK. Nvidia is a true market darling – it hits the sweet spot in A.I revolution, which may not be a completely new theme, but given the sheer rate of change in the evolution market participants still have very low conviction when it comes to forecasting future cash flows. This inability to price certainty only increases the volatility. Looking at consensus expectations on sales, margins, and earnings may not prove to be overly worthwhile, given fundamentals mean little for what is essentially a pure momentum vehicle like Nvidia. It’s the commentary and guidance and the tone of the outlook that inspires investors, notably around its long-term data centre sales. We can explicate how the business is likely tracking from recent earnings numbers from the likes of AMD, SMCI and TSMC, and given the strong trends we’ve seen of late can assume sales are growing at a solid clip. Options structures price big moves on earnings If we look at the options market, the implied or expected move for the day of reporting sits at an impressive -/+11%. That level of implied volatility could indeed be mispriced, but an -/+11% move for a company with a $1.83t market cap would be staggering. When we consider that Nvidia has the fourth largest weight on both the S&P500 and NAS100, commanding a 4% and 5% weighting on each index respectively, an -/+11% move could have significant implications – especially if the move in Nvidia’s share price spreads into other A.I and mega-cap tech names, which it most probably would. Should we see a move in US equity futures it would likely impact the USD and risk FX, such as the AUD, NZD, or NOK. Staying in the options space, we see that Nvidia’s 1-week call options (10% out-of-the-money) currently commands an implied volatility of 100.8%, a clear premium over 1-week put options (with strikes 10% out of the money) at 85%. This is rare, as put option implied vol is typically higher than calls, given the increased relative demand to use put options to hedge against equity drawdown. We also see that 9 of the top 10 most traded options strikes recently (expiring on 23 Feb) are traders buying call options, which just adds to the view that equity traders are positioning portfolios for higher levels and remain incredibly bullish on their near-term prospects. The bottom line – Nvidia’s share price is not being driven by fundamentals – valuation matters little – it is all order flows and momentum. What matters to traders here is that the market expects a huge move on the day of earnings, and this could send ripples through broader markets. This creates opportunity but it also is a risk for traders that needs to be managed – put Nvidia on the risk radar. Editors' picksLongby Pepperstone88189
NVDA ready to give some back?With seven bearish arrows bunched up like this on the free LuxAlgo Watson Envelope indicator on the weekly timeframe, is worth a shot at some Feb/Mar (or further) PUTs?Shortby bfallsUpdated 444
NVDA bulls still hold control 🐿️A short term dip to 525/trend support is possible before the next big rip.. I think we head higher to 600-700+🎯 in the next big rally though. clear higher lows and extreme trend supports. boost and follow for more! thanks 💜Longby Vibranium_CapitalUpdated 8835
diamond topLooks picture-perfect. What do you think? leave comments below. Shortby DollarCostAverage446
Reason NVDA isnt budgingWe are at a crossroad, unless the algos kick in I dont anticipate us breaking the bigger trend channel. Not saying it cant happen but it seems unlikely at this current time. Other reason could be traders prepping for earnings. by GreekStrike0
NVidia - Will it continue to run past $750?$750 is the level to watch for NVidia Current trajectory should take it there by next week's friday. If it drops down to 700, it's very liable to drop more. Given their current news about local AI and the AI war against that's opening up against them for $7 Trillion, I'd personally expect to see share value to continue to climb to $850 by mid MarchLongby tankingtomawar331
NVIDIA - a correction could be imminentIn the languages of the world, there is no word or sentence to describe the bull storm of the past few weeks. Almost every day, the stock rushes from high to high, and every setback is bought. Those who short have a subscription to burning money. So just keep going long and making money? Be careful! Because currently, it appears that a significant correction in NVIDIA stock could be imminent. The stock has recently made significantly lower highs, while the OBV (On-Balance Volume) is near its highs or even (in some timeframes) continues to rise. This is a massive hidden bearish divergence. We do not recommend blindly shorting NVIDIA, as this would be reckless. However, we now caution against continuing to go long in the market, as a significant setback could be imminent.Shortby Ochlokrat7
NVDA at resistanceNVDA now at 1.618 Fib extension. Expecting a pull back here. Wait for lower time frame topping pattern to emerge before entry. May need to test the 700 zone before reversal. Daily RSI plus 80. Stoch 5,1,1 plus 80 Targets on reversal confirmation would be: 9 ema 21 ema Green box.by WadeYendallUpdated 2215
Fib Circle analysis on NVDAReally interesting how the Fibonacci circle predicted some of the major moves in the past. Surprise surprise, it look like it's pointing to a major move on the 21st of Feb, 2024, which coincides with earnings. Coincidence? Longby supamichy449
NVDA - At ResistanceNVDA just hit our 1.618 target from our $ 500 recent top to our $ 110 bear market low. This could be a potential top for NVDA as the weekly RSI is at a key resistance (red line). The only thing that is scary is Nancy Pelosi is still in her long position. This was after she bought the last low and is currently up over $ 1.4 million. Will be keeping an eye on how this develops.by VIAQUANT111
Nvidia: A Game-Changer in Tech and FinanceOne company has emerged as a true powerhouse: Nvidia ( NASDAQ:NVDA ). With its recent surge in market value and influence, Nvidia's story is not just about astronomical growth figures; it's a testament to the transformative power of innovation and the relentless pursuit of excellence in an increasingly AI-driven world. At the recent World Government Summit in Dubai, Nvidia ( NASDAQ:NVDA ) CEO Jensen Huang made a profound statement: every country needs to build its own artificial intelligence infrastructure. It's not just about economic potential; it's about safeguarding sovereignty and preserving cultural identity. In a world where technology knows no borders, Huang's words resonate deeply, urging nations to take control of their technological destiny. Nvidia's ( NASDAQ:NVDA ) dominance in the market for high-end AI chips has been nothing short of spectacular, catapulting the company to a staggering $1.73 trillion market value. But beyond the numbers lies a deeper narrative of democratization. By democratizing access to AI through swift efficiency gains in computing, Nvidia is empowering industries and individuals to harness the power of artificial intelligence like never before. Challenges Ahead Yet, amidst this exponential growth, concerns about the dangers of AI loom large. Huang dismisses these fears as overblown, drawing parallels to other regulated industries like cars and aviation. However, the real challenge lies in navigating geopolitical tensions, as evidenced by the recent U.S. restrictions on Nvidia's AI chips. Despite these challenges, Nvidia ( NASDAQ:NVDA ) remains resilient, working with customers worldwide to comply with regulations and expand its global footprint. Checking the Numbers Nvidia's ( NASDAQ:NVDA ) meteoric rise has rewritten the playbook for growth stocks. With a staggering 379.7% increase since 2022, Nvidia ( NASDAQ:NVDA ) has surpassed industry titans like Berkshire Hathaway and Tesla, reshaping the investment landscape in the process. The company's market cap now accounts for a significant portion of major ETFs, underscoring its pivotal role in shaping the tech-heavy market of tomorrow. Comparison to Tesla stock Comparisons to Tesla's historic surge in 2020 only scratch the surface of Nvidia's unparalleled value creation. In just over a year, Nvidia ( NASDAQ:NVDA ) has added $1.37 trillion to its market cap, setting a new standard for growth and innovation in the tech sector. As investors and analysts alike ponder Nvidia's future trajectory, one thing remains clear: the company's impact extends far beyond financial markets, signaling a seismic shift in the technological landscape. Conclusion In conclusion, Nvidia's journey from a semiconductor giant to a global AI powerhouse is a testament to the transformative power of innovation and resilience. As nations race to build their AI infrastructure, Nvidia ( NASDAQ:NVDA ) stands at the forefront of this technological revolution, shaping the future of industries, economies, and societies worldwide.Longby DEXWireNews4
Riding the Long Trend:Nvidia (NVDA) Analysis on the 6-Hour Chart Title: Riding the Long Trend: Nvidia (NVDA) Analysis on the 6-Hour Chart Analysis: Hello Traders, Nvidia (NVDA) continues its upward trajectory with impressive momentum on the 6-hour chart! Volume indicators suggest strong participation, indicating a continuation of the long trend. NASDAQ:NVDA Volume and Momentum Analysis: Volume trends on the 6-hour chart are robust, reflecting increasing market activity and confidence in NVDA 's price movement. This surge in volume aligns well with the ongoing upward momentum, reinforcing the likelihood of the uptrend persisting. Technical Analysis: The 6-hour chart reveals a clear picture of NVDA 's bullish momentum, with price action consistently favoring upward movement. This sustained uptrend, coupled with robust volume, provides a strong foundation for further price appreciation. Conclusion: With volumes on the 6-hour chart indicating strong support for the ongoing uptrend, traders may consider riding the momentum in NVDA . However, it's essential to remain vigilant and adapt to any changes in market dynamics. Don't Forget to Engage: Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you find this idea compelling! Feel free to share your insights and charts in the comments section below to enrich the discussion and help the idea reach a wider audience. Your engagement is invaluable! Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions. Happy trading! Longby MarxBabu2