NVDA April 17, 2024: How Much The Correction Could Be?In a long-term uptrend, corrections are inevitable. How much the correction will be depends on each individual stock. At the end of the session on April 17, 2024, NASDAQ:NVDA is correcting towards the MA-50 and is temporarily closing below the 10-week MA, if during the session on April 18,, the last session of this week, the stock cannot recover above it. The stock is still in a long-term uptrend, as the 30-week MA (orange line) is still in an upward trend. Since the beginning of 2024, it has increased by 80%, so corrections of 20%-30% are completely normal. Looking at the weekly chart, we can see that in the last 6 months of 2023, NASDAQ:NVDA had a sideways consolidation period for 6 months with a range of nearly 25%, waiting for the 30-week MA to catch up before narrowing the volatility and entering a new uptrend. If that scenario repeats this time, NASDAQ:NVDA could correct 25% from the top to the price range around $730, waiting for the rising 30-week MA to catch up, before entering the next upswing.by longsonvn3
NVDA needs to hold here, or 818if we lose this, we have a clear channel down to 818 Shortby krsnead2114
NVIDIA Bouncing off its Fib 0.236 support and is consolidatingNVIDIA Bouncing off its Fib 0.236 support and is consolidating. At the moment more bearish momentum but we will wait and see if the tide changes Mapped out in Blue line where we predict prices to go with price targetsby JK_Market_Recap0
NVIDIA Bullish ContinuationA few area to watch in support of bullish continuation. Watch areas for bearish retracement.by AnicaUpdated 1111
Short AgainThe attempt to correct the decline has been half-hearted only and has been sold immediately. The bearish, i.e. corrective mood has thus confirmed.Shortby motleifaulUpdated 5
NVDA Long Swing TradeEntry: 864.50 Stop: 834.55 Target 1: 922.25 Target 2: 967.66 Price traded below 3/04/2024 Week low. Given that price closed back inside the range, I'm expecting higher prices for the rest of the month.Longby Jaw13122
Investment Opportunity NVDAWe can see an accumulation of order on NVDA, all phases of the wyckoff have been executed, with the 1st liquidation (STB) and a BOS bullish, I'm expecting now the price to continue at least take the all time high.Longby EvergreenWealthAdvisor113
NVIDIA WEEKLY UPDATESGot bored on a dip, price of this stock filled the Weekly gap before it distribute to the higher 1000$ 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