NVDANVDA ran into some resistance at the 1.618 extension level. If NVDA resolves higher, there is a lot more upside...next target would be $700by mggagni111
Tentative head and shoulderTentative head and shoulder pattern emerging, we have downside support that might stop bearish movement. As I always anticipate what the price can possibly do, I have plotted a downtrend line with a bullish anticipation indicated. Read the candlestick story teller when the price trade near or intersect any of the lines (support or resistance). Shortby ForexCollegeUpdated 334
Nvidia 10-17 November As we saw the range movement between the two key levels continued (around 400 and 470$) but as I saw now the apocalyptic posts continued here. No, we will not see 325$ soon, if the Q3 is ok, and if we see at all. However, we are on the upside key level now and should be careful next week. We are also close to US10Y key support level. Thus, my advise is to watch carefully the economical data and fundamental news next week. A possible down and short is very likely, however, also do not forget the earning report on 21th, thus, I significant movements are not so likely before that. Only if we see very bad data a real deep correction is possible which was predicted by many here but not so deep. On the other hand if the Q3 data is good again we can expect to continue the long movement and forget about the 400$ level. Trade smart. Good luck! by kometata223
Nvidia 24-25 October As I expected the 400-406$ support survived. Forget about levels like 320$-375$. We made a good increase via several important resistances just for a day and we will attack directly 444$ levels today. From this point I see two possibilities - range/consolidation below this resistance or above it. Personally, I believe that we will broke 440-444$ based also on the good Google, Meta, Microsoft and so on reports which should be watched. US10Y should be closely watched by traders too. No big fundamental news are expected so this is the moment for the recovery. I expect similar situation with Tesla but there the key level seems to be 222$. Longby kometataUpdated 443
Nvidia: Checked out🏨✅NVDA stock did not miss the opportunity to head for our last relevant target zone in line with our primary assumption. As soon as the minimum requirement was reached, the stock immediately launched a 17% surge, confirming the anchoring of the low of the green wave within this zone. Those who used this zone to enter the long side can now tighten the stop to the entry level. From here, the price should rise significantly and soon break through the resistance at USD 521.39.Longby MarketIntel2
NVIDIAI've been short on Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490. My previous trade is still running and the old chart can be found under my idea, everything is still valid in that chart. I decided to make a new chart, as there's been some big moves recently on Nvidia. I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch. The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning. Targets: T1- $406 T2 - $373 T3 $326 ($373 & $326 would fill the gap) Target 3 - $263 Target 4 - $203 At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can. Shortby CJMackinnonUpdated 2
NVIDIA: Bearish- SHARKS detectedNVIDIA: SHARKS detected In a significant industry shift, Baidu Inc. BIDU has reportedly ordered AI chips from Huawei in a move away from its longtime supplier Nvidia Corporation NVDA, signaling changes in global technology alliances. What happened: Baidu struck a deal with Huawei to supply artificial intelligence chips, marking a shift from its usual supplier, Nvidia, Reuters reported. The move is attributed to increasing US restrictions on technology exports to monitor: EMA.200 and EMA.50 GAPS around $423 and $306 the PRZShortby Le-Loup-de-Zurich112
#NVDA# Tech stocks will see a price correction in the short termNVIDIA Corporation (NVDA) NASDAQ:NVDA Market Dynamics and News Analysis NVIDIA Corporation, a leading name in the GPU industry, is currently trading at $452. With a market performance that has significantly outpaced the S&P 500 index, NVIDIA has been a standout in the tech sector. Here's a closer look at the company's market dynamics, financial health, and recent news that could influence its future performance. Current Market Price and Valuation Current Price: $452.72 Overall Rating: C (58.74%) Performance: NVIDIA has returned 95.12% over the past 193 months, outperforming the S&P 500's return of -14.35%. Financial Health Valuation: With a PE ratio of 108.94, NVIDIA's valuation is on the higher end, suggesting that the stock is priced at a premium compared to its earnings. Capital Structure: A debt-to-equity ratio of 0.39 indicates a balanced capital structure, which may provide some resilience in volatile markets. News Highlights AI and Cloud Spending Industry Tailwinds: Increased capital expenditures by tech giants such as Amazon, Microsoft, and Alphabet in AI and cloud services could benefit NVIDIA, a leading supplier of GPUs and chips. However, the focus on capital-intensive sectors may pressure profit margins. Earnings Preview Analyst Recognition: NVIDIA's inclusion in Zacks Investment Research's earnings preview underscores its robust performance and market confidence. Trillion-Dollar Club Market Position: Predictions suggest Meta Platforms could join the trillion-dollar valuation club, which currently includes NVIDIA. This hinges on Meta's ability to monetize its services and successfully implement AI strategies. Technical Analysis Short-Term Outlook Resistance: The first significant resistance level is at $467.20, with the RSI nearing the overbought territory, indicating a potential for a short-term price correction. Support: On the daily chart, the price remains above the MA, with major support between $430 and $445. The 200-day moving average provides further support at $357.51. Long-Term Trend Bullish Signals: The MACD on the daily chart shows a bullish expansion, with the market giving a bullish crossover signal. Correction Wave: The weekly chart suggests that the market is at the end of a correction wave 'a,' with wave 'b' expected to conclude around $460. The Ichimoku Cloud indicates strong support below, suggesting resilience to short-term pullbacks. Investment Strategy Given the current tech wave, particularly in AI, holding NVIDIA shares may be advisable for those with a long-term investment horizon. For investors with a shorter-term focus, it may be prudent to take profits at around $460, selling 30% of holdings, and consider rebuying at lower support levels—15% at $400 and another 15% if the price dips to around $350. This strategy aims to maximize profits while managing risk in a volatile market. Conclusion NVIDIA stands at the forefront of technology, driving growth in AI, gaming, data centers, and autonomous driving technologies. Despite high valuations and potential market headwinds, the company's innovation and strategic market position make it a compelling choice for investors looking to capitalize on the tech growth trends. However, careful monitoring of market conditions and strategic trading around resistance and support levels can help in optimizing investment outcomes.Longby TradingMaestro9226
NVDA : H&S breaking down, with a 23% profit Target NVDA : H&S breaking down, with a 23% profit Target NVDA has broken down a nice Head and Shoulder formation, for a projected 23% profit. On this case, It is interesting to note those points : This NVDA H&S Target should be placed around 308.00$, as projected the H&S calculation. This price Target at 308.00$ correlates with the lower base of a Gap-Up, realized on the May 25th 2023, when NVDA Results were published. Also, this 308.00$ Target coincides with the 0.50 Fibonacci retracement, starting at the low of Oct. 13th 2022. And, this 308.00$ Target may be joined around that date of the next NVDA Results planned for Nov. 21th 2023. So... a Short trade, right now, would be a smart suggestion, followed later with Long trade. As usual a protected Stop is always appropriate. Have fun… WynTraderShortby Wyn-TraderUpdated 10
NvdaBigger pattern at play is the Bearish descending triangle . The next break of 400 will begin the gap close of 300. Smaller pattern at play here is the fallen wedge. The target here would be the 461 gap close which aligns with trendline resistance. Target 400 Stop loss 465 Sector also pushing at resistance SMHShortby ContraryTrader2229
Long NVDA for the long term - Ideal Entry areas -dollar cost avgLong NVDA for the long term - Ideal Entry areas -dollar cost avg 1st buy zone 300-280 2nd buy zone is? Please look at the chart layout purple boxLongby BrayZD20233
$NVDA NVDA NVIDIANVIDIA is still inside a diamond pattern. Diamonds can be tops or consolidation, but my bias here remains short.Shortby SheepTrades2
$NVDA Diamond TopNVIDIA NASDAQ:NVDA appears to be topping out after a massive 362% rally. Pattern has been forming from July 2nd and it's still working itself out as of October 14th. Watching for a breakout in either direction but favoring the short side personally.Shortby SheepTradesUpdated 115
NVDA short initiatedNVDA analysis- NVDA has started its distributive phase. It is in an ascending triangle formation with momnetum deceasing as mentioned in RSI. It has toched 400 3 times meaning selling presssure coming. IMO it is open to got to 380 and provide one of the best short entry at 450 levelShortby Seasaw_markets1111
Nvidia Price Is +3% Up Eventhough The Shares Have DroppedHi its Lubosi stocks, and the price of Nvidia is up by 3% Today. -- This may shock you but Nvidia NASDAQ:NVDA is a good buy as long as you dont use margin. -- Trading with margin is a very advanced skill. -- Because of that this pick is for a beginner. One time i tried to buy stocks at x10 Margin and i made 20% profit. -- But later on i lost -10% of my hard earned profits. -- Because of this i have decided to share only beginner level trading stock option strategies. -- The key thing to remember when trading stock options is DO NOT USE MARGIN. Worst case scenario dont USE MORE THAN X3 Multiplier. -- Disclaimer:This is not financial advice .Do not buy or sell anything i recommend to you - Rocket boost this post to learn more. Longby lubosi1
I will sale $nvdaI will sale NASDAQ:NVDA ..i sale if touch Resistance or buy on supportShortby mylive4u226