NVDA needs to hold here, or 818if we lose this, we have a clear channel down to 818 Shortby krsnead2114
NVIDIA Bouncing off its Fib 0.236 support and is consolidatingNVIDIA Bouncing off its Fib 0.236 support and is consolidating. At the moment more bearish momentum but we will wait and see if the tide changes Mapped out in Blue line where we predict prices to go with price targetsby JK_Market_Recap0
NVIDIA Bullish ContinuationA few area to watch in support of bullish continuation. Watch areas for bearish retracement.by AnicaUpdated 1111
Short AgainThe attempt to correct the decline has been half-hearted only and has been sold immediately. The bearish, i.e. corrective mood has thus confirmed.Shortby motleifaulUpdated 5
NVDA Long Swing TradeEntry: 864.50 Stop: 834.55 Target 1: 922.25 Target 2: 967.66 Price traded below 3/04/2024 Week low. Given that price closed back inside the range, I'm expecting higher prices for the rest of the month.Longby Jaw13122
Investment Opportunity NVDAWe can see an accumulation of order on NVDA, all phases of the wyckoff have been executed, with the 1st liquidation (STB) and a BOS bullish, I'm expecting now the price to continue at least take the all time high.Longby EvergreenWealthAdvisor113
NVIDIA WEEKLY UPDATESGot bored on a dip, price of this stock filled the Weekly gap before it distribute to the higher 1000$ per stock. Are you short? well lets see how this AI driven stocks . This is not a financial advice folks. stay out your options trading, but its upto you. This is just my view. Your view is different, we are humans we have different perspective in life. My thoughts? distribute it to the higher bidder. Follow for more. Skip the chart folks, keep on grass daily. Weekly is better than daily. ciaoLongby keno19891
(NVDA): Speculative Insights and Price ProjectionsOur technical scrutiny of NVIDIA Corporation (NVDA) unfolds a blend of indicators that offer a mixed vista, particularly when synthesizing the latest price action, Ichimoku Cloud formation, Fibonacci retracement levels, volume patterns, and oscillators such as RSI and MACD. This dissection aims to furnish investors with an advanced comprehension of NVDA's current market posture and speculative price trajectories. Technical Observations: Price Action and Candlestick Formation: NVDA's recent price movements depict a mild retreat, as evidenced by the last candlestick's closure below its opening price. This bearish engulfing pattern may signal potential downside continuation. However, support near the 50% Fibonacci level at approximately $722 could play a crucial role in stemming the downward momentum. Ichimoku Cloud Analysis: The Ichimoku Cloud, or 'Kumo', remains expansive, indicating volatility and potential support zones. The recent price dip below the Base Line (Kijun-sen) at $902.11 suggests a short-term bearish outlook, with the Conversion Line (Tenkan-sen) at $868.80 possibly serving as an immediate resistance level. Fibonacci Retracement Levels: NVDA's price has retracted from its peak, seeking support at key Fibonacci levels. The $781 (61.8% retracement) zone is a critical juncture, with price action hovering around this area suggesting indecision. A decisive close below could propel the stock towards the $712 (50% retracement) mark. Volume and Volatility Indicators: A declining volume trend amidst the pullback hints at a lack of strong selling pressure, which may curtail the depth of the retracement. The Bollinger Bands indicate a constriction, suggesting a potential buildup for a volatility breakout. Oscillator Insights: The Relative Strength Index (RSI) is threading in neutral territory, hovering around 52.69, suggesting neither overbought nor oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) showcases a bearish crossover, with the signal line outpacing the MACD line, potentially presaging further downside. On-Balance Volume (OBV): The OBV indicates robust buying interest over the period, reinforcing the hypothesis that NVDA's underlying trend remains fundamentally upward-biased. Speculative Price Targets: Bulls: Should the bulls regain control, a sustained push above the Conversion Line could target the psychological resistance at $900, followed by a retest of the $960 zone (recent high). Bears: A bearish scenario that sees the stock sliding below the 61.8% Fibonacci level may find interim support near $712. A breach of this floor could precipitate a retreat towards the $650-$660 area, aligning with the 78.6% retracement level. Conclusion NVIDIA's stock presents a battleground where bullish resilience and bearish pressure are at a standoff. While the technical milieu offers no crystal-clear directional bias, the confluence of support levels and sustained buying interest delineated by OBV may cushion the downside risk. Traders should brace for volatility, with the key Fibonacci retracement zone serving as the litmus test for NVDA's short-term directional tenacity. Risk management through stringent stop-loss orders is advised to navigate the forthcoming sessions' potential turbulence. Note: This analysis is for informational purposes only and does not constitute financial advice. Investors are encouraged to perform their own due diligence before making any investment decisions.by AxiomEx0
NVIDIA, Is not over yet. Lets find out why. NVIDIA, Is not over yet. Lets find out why. Lets see where is leaking from and put them together. First we need to see how much they have manipulated the data. Quarter 1, 2024 during Feb support was confirmed over Jan, 2024 as well as Quarter 4, Dec 2023, but NVIDIA clearly ignored the correct retest level . Expect as low as $522.52. Then when arrived at Feb, 2024 and March it did the same wrong moves, expect as low as $746. And more incorrect moves during early April over March, meaning expect as low as $746 range. During quarter 1, 2023 made lot of fake retest, expect market revert to the level of $424.22. May 2023 a new support was confirmed then NVIDIA made a wrong retest level, this mean expect a big drop at some point to level of $292.39 range. Now we go further down and we see it has done the same during Jan, 2023 where a support was confirmed for Nov 2022! Very naughty move! Again, Expect as low as $162.01. Conclusion: NVIDIA will still go higher after the first retest at $746, if support is not confirmed then expect $522.52. Then will go to $1,027.22, $1,108.38, $1,147.51, could even go to level of $1,36.59. This is where to expect all the above lower price happen as NVIDA Economic Cycle will end! So watch out! Shortby Skill-Knowledge-ConductUpdated 1116
*RARE* $NVDA Weekly HAMMER*RARE* NASDAQ:NVDA Weekly HAMMER After 3 weeks of red closed NVDA is looking for a huge bounce back next week 618 support is below as well I plan to fully automate my optionsby tradingwarzone112
Nvidia May Have Begun a New RallyMy 03/12/24 post noted that NVDA could reach 1157.74. On 04/09/24 it appears NVDA may have completed a shallow month-long correction. Daily Stochastic has a bullish line cross. Its possible NVDA could reach the 1150 zone sometime in the next two weeks. Longby markrivest223
101% Option Play on NVDA Today! Just wanted to share our heck of a option play that we pulled this morning with NVDA, as a projected pullback from the recent bounce and reaction from the CPI/PPI/Unemply. Data that was release this weekend. CNBC Analysts touted this as a safehaven, but I thought it was a false narrative based on the TA and what we were seeing on the charts going into the Aftermarket Session, yesterday. Pullbacks are healthy, so we exact a rebound back to the north based on the past few trading sessions. Stay Tuned for more as we move forward with providing you our Daily MyMI Option Playz at MyMI Wallet!Shortby MyMIWallet1
Weakening Patterns: NVDANASDAQ:NVDA is over-speculated on the short-term and intermediate-term trends. It has minimal support nearby for holding for a position trade. Without retail groups or smaller funds, the price action is weakening at this time. Nvidia doesn't report until May 22 which is very late in the season but for now, it has some minor rotation going on. If it continues to hold above the black line, then it can pattern out the excessive price gains. This is not a strong sell short opportunity, but it is important to keep an eye on this stock for the next couple of weeks. by MarthaStokesCMT-TechniTrader2
NVDA H&S??Danger looming, watch for a neckline break... could pull back to the .5 fib.. if we break past the resistance line above the right shoulder, we are in the clear for more upside.Shortby The_Gains5
Nvidia may have topped in it's corrective retracePrice has entered and exited the target box for this retracement. Although price could try to get higher in the target box, only a move that breaches the recent low of $830 will signal a confirmed top that could be long term in nature. Best to all, Chrisby maikisch6614
$NVDA-#NVDA-Nvidia-Long IdeaEntry: Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it. Stop Loss: Will be below the swing low. Take Profit: TP1 will be at the bearish Zone, TP2 will be at the Highs.Longby Just-Technicals3
NVIDIA Bouncing off its Fib supportNVIDIA Bouncing off its Fib 0.236 support. Mapped out in Blue line where we predict prices to go with price targetsby JK_Market_Recap2
NVDACurrently, NVDA seems to be forming a double bottom pattern, indicating a potential upward trend in the stock. I plan to wait for a pullback to around $892 before entering a long position. My profit-taking targets are set at $924, $940, and $967.Longby AmyThongbai115
Ohh NVDANVDA recently broke out of a falling wedge. After breaking all time highs, and making a 10% correction, is this their a shoulder being formed that will reject at the target of .618? Who knows. All I know is I will trim my position at this fib level and look to short at that time with a tight stop loss if price action says it’s ready. Join me.Shortby kingjtimothy6
$NVDA: Bounce to $926Hi everyone, Today's market took a downturn, with SPY and QQQ experiencing significant drops, in contrast to VIX, which saw a significant increase. Currently, NASDAQ:NVDA finds itself at a critical juncture, relying on the daily indicator for support. If the market conditions improve and NASDAQ:NVDA manages to recover from this point, we could see it reaching a price target of $926. Let's watch closely to see how these developments unfold. Best of luck to everyone navigating these market conditions!Longby SierrasTradesUpdated 336
$NVDA 618 FIbonacci Setup NASDAQ:NVDA THIS IS HUGE My Plan: 875C>870.31 | 840P<840.78 I LOVE Fibonacci as soon as we touched the 618 HUGE POP UP now with a TIGHT inside bar to close!by tradingwarzone5
Nvidia's Downturn: Correction or Cyclical Shift?Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company's future and the broader health of the chip market. A Look Back: Nvidia's Meteoric Rise The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth. • Gaming Boom: The surging popularity of video games, particularly during the pandemic lockdowns, led to a massive increase in demand for Nvidia's powerful GPUs, which are essential for delivering high-fidelity graphics experiences. • AI Revolution: The rapid advancement of artificial intelligence (AI) applications, from self-driving cars to facial recognition technology, created a growing need for Nvidia's specialized AI processing units (AIGPU). • Cryptocurrency Craze: The rise of cryptocurrencies like Bitcoin and Ethereum, which rely heavily on GPUs for mining, further boosted Nvidia's sales. These factors combined to propel Nvidia's stock price to dizzying heights, culminating in an all-time high of $950 per share in late March 2024. A Rude Awakening: Entering Correction Territory However, the recent weeks have painted a different picture. As of April 10, 2024, Nvidia's stock price has fallen over 10% from its peak, officially entering "correction territory." This is typically defined as a decline of 10% to 20% from a recent high and is often seen as a sign of a market overcorrection or a fundamental shift in the company's prospects. Possible Causes for the Downturn: Several factors could be contributing to Nvidia's current woes: • Market Saturation: The gaming industry might be approaching a saturation point in terms of high-end PC sales. This could lead to a decline in demand for Nvidia's top-tier GPUs. • Cryptocurrency Volatility: The recent slump in cryptocurrency prices has led to a decrease in mining activity, potentially impacting Nvidia's sales to miners. • Supply Chain Concerns: Ongoing global supply chain disruptions could be hindering Nvidia's ability to meet production demands, leading to shortages and price hikes. • Analyst Cautiousness: Some analysts are expressing concerns about the sustainability of Nvidia's growth trajectory, particularly in the face of increasing competition from other chip manufacturers. Is This Just a Temporary Blip? Despite the recent decline, some experts remain optimistic about Nvidia's long-term prospects. Here's why: • The Metaverse Advantage: The burgeoning metaverse, a virtual reality-based online world, requires powerful graphics processing capabilities, which could be a major growth driver for Nvidia. • AI Adoption Continues: The adoption of AI across various industries is expected to continue at a rapid pace, ensuring a sustained demand for Nvidia's AIGPUs. • Innovation Powerhouse: Nvidia is known for its constant innovation and cutting-edge technology development. This could lead to new product categories and revenue streams in the future. Navigating the Uncertainty: What Investors Should Consider With conflicting signals emerging, investors are grappling with whether this is a buying opportunity or a sign of a more significant downturn. Here are some key considerations: • Market Sentiment: Keep a close eye on the broader tech market and overall economic conditions. Factors like interest rate hikes and inflation can impact investor confidence and, consequently, technology stocks. • Company Performance: Evaluate Nvidia's recent financial performance, future product roadmaps, and its response to emerging challenges. Are they taking steps to address supply chain issues or developing new markets? • Analyst Opinions: While not infallible, analyst ratings can offer valuable insights into the potential risks and opportunities for Nvidia. Beyond Nvidia: The Broader Chip Market The correction in Nvidia's stock price might be indicative of a broader slowdown in the chip market. Investors should monitor other major chipmakers like AMD and Intel to gauge the overall industry sentiment. Conclusion: A Crossroads for Nvidia Nvidia undoubtedly faces headwinds, with its stock entering a correction territory. However, the company's strong fundamentals and position in high-growth markets like AI and the metaverse suggest its long-term potential remains intact. Investors should carefully consider the company's future prospects, the broader tech market landscape, and their own risk tolerance before making any investment decisions. The coming months will be crucial for Nvidia to navigate these challenges and demonstrate its ability to sustain its impressive growth trajectory. Shortby bryandowningqln0
Big Levels on Big TechBig technology stocks have moved sideways for the last month. Now there could be some important levels for names like Nvidia as investors digest today’s higher-than-expected inflation report. The main pattern on today’s chart is the March 11 low of $841.66. This level has provided support since the chip giant’s peak on March 8. (It’s also a weekly low.) Closing below it could make traders think about a test of the post-earnings gap on February 22. MACD has also been falling since mid-March. That could suggest direction has been turning more negative. At least two other AI-themed stocks may face similar predicaments. First, NASDAQ:SMCI Super Micro Computer formed a tight range above its March 20 low and a falling trendline. Traders may next eye the February 20 low of $692.50 as potential support. Second, NASDAQ:AMD Advanced Micro Devices has pushed toward its low from February 21. Traders may next eye around $149, the high in late December and early January before the stock broke out to new record territory. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.Editors' picksby TradeStation1111878