NVDA Breakout IncomingNVDA is building a clear Wedge or Bull Flag I would expect another day or two of smaller ranges then an eventual break out heading to near the 1K markLongby trinitydozier0724
Nvidia's GTC 2024: Unveiling Next-Gen AI Chips and SoftwareNvidia ( NASDAQ:NVDA ), the titan of artificial intelligence semiconductors, kicks off its highly anticipated annual developer conference amidst fervent speculation surrounding new chip unveilings and software advancements. As Chief Executive Jensen Huang takes the stage for his keynote address, investors and tech enthusiasts alike await eagerly to witness the latest offerings that will shape the future of AI technology. The Quest for Innovation: At the heart of GTC 2024 lies Nvidia's relentless pursuit of innovation, epitomized by the unveiling of its next-generation AI processors. With competitors like Intel and Advanced Micro Devices vying for market share, Nvidia aims to solidify its leadership position by introducing the formidable B100 chip, poised to deliver significant enhancements over its heralded predecessor, the H100. Beyond Chip Design: While Nvidia's prowess in chip design is undisputed, the company's foray into software products further underscores its commitment to holistic technological advancement. Huang is slated to reveal a plethora of new software innovations, reflecting Nvidia's multifaceted approach towards shaping the AI landscape. With its software and services business reaching a remarkable annual run rate of $1 billion, Nvidia ( NASDAQ:NVDA ) demonstrates its capacity to drive innovation across both hardware and software domains. Return to In-Person Engagement: Amidst the backdrop of a post-pandemic world, Nvidia's decision to hold GTC in person for the first time since 2019 signifies a symbolic return to normalcy. With an expected attendance of approximately 16,000 individuals—double the figure of the last in-person event—GTC 2024 heralds a resurgence of interactive engagement and collaborative exchange within the tech community. The Grand Stage: Huang's keynote address, set against the backdrop of a Silicon Valley hockey arena, represents a fittingly grand stage for the unveiling of Nvidia's latest innovations. As the largest venue ever secured for such an event, it underscores the magnitude of anticipation surrounding Nvidia's announcements and the pivotal role the company plays in shaping the future of AI technology.Longby DEXWireNews3
NVDA - Predictive Fibonacci SequenceAfter making such accurate predictions in our previous NVDA posts, we are back with another prediction. Based on Viaquant's Predictive Fibonacci Sequence we could expect a future top either at the level we are at currently, or around $1120. Here's why. - Our first level of $110 was established as strong support with a double bottom (green arrows). This created our base for this 10x move. - Our second level was established at $350 (red arrow). This was our first major resistance after bottoming for the first time at $110. - Once we broke that previous high price immediately visited the psychological $500 level. This level became important as it acted as resistance for 25 weeks before having it's parabolic breakout. Therefore, this level is established as an extremely important liquidity zone for the future. - If you look at our previous posts, you will notice the $730 level. This was our 1.618 of our micro trend which is also in alignment with the 0.618 of our predictive sequence. Earnings helped us break this level (as predicted prior) which lead us the to 0.786 ($900). - This level is also very psychological. We had one wick to the $1000 level but for the most part price action has been respecting $900. - Our weekly RSI is well in the red (overbought conditions) which has marked many of our previous tops, therefore it is time to start being more cautious. - But with the NVDA conference and the level of market FOMO right now, if we are to start closing above the $1,000 level, then we will reach a "predictive" top around $1,120. - Most likely the stock will split at some point as the valuation gets so high, but given the current chart here are our levels to the downside. - The first key level to the downside will be the $730 level as old resistance can act as new support. - But the most important level is the $500 liquidity level (also 0.618 if we hit a top around $1120). This level has a very high chance of being tested in the future and could even act as a bear market bottom is the stock is able to continue to be highly valued.by VIAQUANT2
NVIDIA 1000 SOON ?NVIDIA Corporation (NASDAQ: NVDA), a leading player in the technology sector, has been showing promising signs that could potentially drive its stock price to reach the $1000 mark. Here’s why: Strong Financial Performance NVIDIA’s financial performance has been impressive. In 2023, NVIDIA’s revenue was $60.92 billion, an increase of 125.85% compared to the previous year’s $26.97 billion1. Earnings were $29.76 billion, an increase of 581.32%1. This strong financial performance indicates a healthy and growing company. Positive Analyst Ratings The consensus rating for NVIDIA stock from 41 stock analysts is "Strong Buy"23. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. Future Growth Prospects According to forecasts, NVIDIA’s revenue for the year 2025 is expected to reach $136.09 billion, representing a growth of 21.67% from the current year1. The EPS for the year 2025 is forecasted to be $30.41, representing a growth of 22.03% from the current year2. These growth prospects could potentially drive the stock price higher. Dominance in AI and Gaming NVIDIA’s pivotal role in the artificial intelligence market and its dominance in the gaming industry are key factors that could drive its stock price. The company’s GPUs are widely used in data centers, gaming, and AI, sectors that are expected to grow significantly in the coming years1. Bullish Technical Indicators Based on technical indicators, the current sentiment is bullish and NVDA could hit $2,813.93 in 20254. This might be a good time to open fresh positions on NVDA, as trading bullish markets is always a lot easier4. While the road to $1000 may have its ups and downs, the combination of NVIDIA’s strong financial performance, positive analyst ratings, future growth prospects, and dominance in key sectors makes a compelling bull case for its stock. Longby NYRUNSGLOBAL0
“Only Up” Trend coming to an END? NVDIA As you can see in the chart i have shared last time NVDIA hit these levels led to a significant move towards the downside of the channel. It is easy to be blind right now and think “only up” but i am removing the emotions from my trading strategy and i believe we will see a move downwards incoming weeks/months on NVDIA i believe this will affect the whole markets even the crypto markets. Just think with your head at this moment, we have been in a ranging only up trend for the past months/weeks. Of course you can attempt to milk out a little more gains but be careful… by Clocktivker2
NVDA predictions Using the Next Pivot indicator and SSL Hybrid, I am able to get an idea of what will happen the next day. The indicator simply doesn't know that it's predicting the midnight instead of the next day. by MoneySeedUpdated 1
NVDA - started selling covered calls @ 2:1 ratioI expect a minor pullback or NVDA moving sideways. I started selling weekly calls against stock on a 2:1 ratio sold weekly 1100 calls @ $7.32.by Bubbalouie111
NVDA Review & AnalysisGoing over NVDA chart looking for clues and trying to listen to what the market is telling us. NVDA broke its Uptrend and is now battling. listen in for analysis.02:16by BobbyS8130
NVDA SELL++++NVDA is struggling to hold fibonacci support at .236 mostly likely we settle at .618 $687.41 which is also cloud support if that doesn't hold it'll get nasty. Either way, it's NOT a buy hereShortby ShortSeller767711
A Traders’ Weekly Playbook: Long event risk, short sleepThe markets will come alive this week reacting to the outcomes of an incredible array of tier 1 event risk, with some 14 central bank meetings, including six G10 central bank meetings, as well as numerous emerging market central banks too. At a more micro level, Nvidia takes centre stage with the highly anticipated GPT conference a potential volatility driver for the AI juggernaut. We consider that the findings could impact the wider semiconductor space and even promote volatility across broad markets. In the playbook, we break down what matters most in each event risk and what could drive market moves above all else, while offering trading thoughts on where the skew of risk resides. This coming week there will be opportunities across markets, but more importantly, the ability to skillfully manage risk and assess correct position sizing will be where traders live to fight another day. For a more detailed run-through of the week’s events, as well as analysis of the technical set-ups front of mind and the trades I am reviewing, join the livestream on TradingView on Monday at 1pm AEDT. Good luck to all. Key event risk for the radar this week Nvidia GTC conference (18-21 March) After a record 10 weeks of consecutive gains for Nvidia’s share price, investors get a chance to hear more about the future of generative AI, as well as new products in the pipeline and potential sales opportunities through the lens of the AI market leader. We hear from CEO Jensen Huang (on 18 March) and other key figures within the business. Expectations that the conference will hit the sweet spot are sky-high and the options market implies an -/+11.6% move in the share prices by Friday. The importance of Nvidia to the broad US and even global equity market can’t be overstated and the read-through to semiconductors and the wider NAS100 is a real risk. AI has been the key equity theme for a while and will continue to be so, and Nvidia is at the epicentre of this. The prospect of a sell-on-fact scenario is a real risk. Tencent – a key influence on the HK50 index, Tencent report earnings on 20 March with the options market implying a -/+3.8% move on the day of earnings. The HK50 index has formed a wedge pattern within a long-term bear channel – a set-up that needs monitoring – preference to chase strength should price break above 17,200. FOMC meeting (21 March at 05:00 AEDT) and Chair Jay Powell’s press conference (05:30 AEDT) What to focus on: • The Fed won’t cut rates at this meeting and the guidance and overall tone will likely remain unchanged from prior commentary. US interest rate swaps price 75bp of cuts by year-end, so the FOMC statement, economic projection (SEPs) and Jay Powell’s press conference will need to reconcile against that pricing. • The ‘dots’ are key – if 2 Fed members lift their projection for the fed funds rate in 2024 it will result in the median projection for the collective being reduced to 2 cuts (from 3) through 2024. Given market pricing for 75bp of cuts this year, a move towards 2 cuts for 2024 as the median ‘dot’ should cause US bond yields to spike higher, taking the USD higher and US equity and gold trade lower. • The longer-term projection for the fed funds rate – or what is considered the ‘neutral rate’ for Fed policy - currently sits at 2.5% - could this be revised higher to 2.75%? • If the Fed’s 2024 dot for 2024 remains at 4.6% (and for 3 rate cuts), but we also see an upgrade to the 2024 GDP forecast (currently 1.4%), we could feasibly see a relief rally in equity and gold and promote USD sellers. Trader thoughts: The algo’s will be set to respond rapidly to the 2024 dot, as this is what matters above all else. A move to pencil in 2 rate cuts this year is not consensus but it is a real possibility and would likely see markets implied rate cuts by December 2024 reduced from 75bp to 60bp of implied cuts. This outcome would see the USD spike and see equity and gold trade lower. Conversely, if the 2024 ‘dot’ remains at 3 cuts, then we could see an immediate relief rally in risky assets and gold. The risk to markets seems balanced, so it seems prudent to reduce exposures over the FOMC meeting and look to react accordingly when the facts are known. BoJ meeting (19 March – likely seen between 1pm and 4pm AEDT) • Despite strong union wage increases on Friday, 29 of 31 economists see BoJ rates left at -0.1%, with a view that the BoJ send a strong signal they will hike rates in the April meeting. Market pricing, however, implies a 10bp hike at 50%, suggesting an elevated risk of JPY volatility over the meeting. • We also look for changes to Yield Curve Control (YCC) and/or the pace of bond and ETF purchases. Trader thoughts – Again, the algos will play a key role in determining initial market moves, and hedge funds will set them to respond squarely on whether we see a 10bp hike or not. While the broad market is short of JPY it feels that unless we see a 10bp hike and changes to the rate of JGB purchases then it will be hard to promote a material move higher in the JPY. Swiss National Bank (21 March at 19:30 AEDT) • The Swiss swaps market prices the chance of a 25bp cut at 30% • 18 of 20 economists see interest rates unchanged at 1.75% Trader thoughts – Two weeks ago the broad view was that the SNB could cut rates by 25bp, perhaps even by 50bp – now the broad consensus view is that the SNB leave policy unchanged at 1.75%. Given market pricing, the risk is we see a bigger move lower in the CHF on a 25bp cut, than any potential rally in the CHF should the SNB leaves policy unchanged. Short CHFJPY and Long USDCHF positions subsequently look attractive – although, as many traders will attest to, trading over news like this needs to be carefully considered and position sizing is of paramount importance. Banxico (22 March at 06:00 AEDT) • Mexican swaps price a 25bp cut at an 80% probability. • 16 of 18 economists see a 25bp rate cut to get the overnight rate to 11% Trader thoughts – With a 25bp cut - that commences a potential cutting cycle, largely priced by rates traders, a surprise outcome to leave rates unchanged could see USDMXN trade through 16.65 and into new cycle lows. Should the market get the expected 25bp cut we could see a move through 16.75, but the extent of the rally will be down to the statement and whether there is a strong appetite to cut again soon. Bank of England (21 March at 23:00 AEDT) • The BoE statement will likely be a low volatility event for the GBP, with the UK swaps market not pricing the first full 25bp cut until August. Look for a 7-1-1 split decision and a patient stance, with the BoE content with current market pricing on rate expectations. Trader thoughts – I hold no real directional bias for the GBP from this meeting, so GBPUSD will likely take its direction from the UK CPI print and moves in the S&P500 and broad risk semantics. That said, the trend in GBPUSD skews risks to the downside, and I favour GBPUSD shorts, with stops above 1.2770. RBA meeting (19 March at 14:30 AEDT) • Aussie interest rate futures prices a zero probability of a cut at this meeting, with a full 25bp cut priced by September. We also see 38bp (or 1.5 25bp cuts) priced by December. • The RBA statement will likely remain largely unchanged, guiding that “it will take some time before inflation is sustainably in the target range”, and “further increase in interest rates cannot be ruled out”. While other central banks actively express a bias for rate cuts, it would be a shock to the market if the RBA opened the door to cuts in this statement. Trader thoughts – the RBA meeting will likely be a low-volatility affair, and AUDUSD is likely to take its direction this week from the FOMC meeting, as well as iron ore, copper, and Chinese equities. A break of 0.6550 may see the early March lows of 0.6477 revisited, although this would be unlikely unless the VIX index trades into 17% and we see broad de-risking through broad markets. Norges (Norway) Bank (21 March at 20:00 AEDT) – the market implies a zero probability of a change in Norwegian interest rates at this meeting, with the first 25bp cut not fully priced until September. I am biased for USDNOK to push towards the top of the range at 10.70. China PBoC 1 & 5-year Prime rate (20 March at 12:15 AEDT) – after a larger-than-expected cut last month to the prime rate (the benchmark rate that households and businesses can borrow from commercial banks), the PBoC are unlikely to cut the prime rate again this time around. A surprise cut would therefore likely see Chinese/HK equities rally. Colombia central bank (23 March at 05:00 AEDT) – the consensus is for rates to be cut by 50bp to 12.25%. Will this forum be the catalyst to see USDCOP break out of the tight trading range the pair has held throughout 2024? Brazil central bank (21 March at 08:30 AEDT) – the overwhelming consensus is that we see the Selic (interest) rate cut by 50bp cut to 10.75%. Other key economic data points of note – China retail sales/industrial production/property sales (18 March), Canada CPI (19 March), UK CPI (20 March), Australia employment report (21 March), EU manufacturing and services PMI (21 March). by Pepperstone8
NVDA - Bullish Symmetrical Triangle | March 2024Symmetrical Triangle Breakout Pattern for NVDA - This could also be a head shoulders to the downside but with so much momentum going into next week and recent upgrades from major financial institutions anything is possible.. I’m bullish on this oneLongby GOLDENLAWD0
$NVDA ONCE IN A LIFETIME!MY PLAN: Calls > 912.50 Puts < 850.94 RARE inside week for this MEGA mover - LOTS of short WICKS came in If shorts get squeezed we can FLY HIGH - I plan to automate my options ❤️if ur in!by tradingwarzone1115
NVDAtoo much support confluence around 888 NASDAQ:NVDA sned this stonk higher, 1069+ before 4/20, with haste P.S. wyd if they announce stonk split at their conference next week anon?Longby jhonnybrah1
NVDA week of March 11NVDA tanked on Friday and continued to tank after hours to the projected low targets for next week. The HA setup shows that we should test below 852. Likely open gapped down. I wouldn't short. As of now we will be opening already in the weekly short targets and if we gap down it will probably open below. Immediate anticipation into Monday is a wick below 852, Overall anticipation into next week is rangey to bullish up bias. Overall bias on NVDA is long. This was just a punishment to the people who thought stocks go straight up ;). Safe trades!Longby SteverstevesUpdated 2828125
NVDA 2023 GTC - Before / During / AfterWith GTC 2024 approaching next week (starting 3/18/24) I did a look back to GTC 2023. There is obviously more hype going into this year's event (and different macro conditions), but may be useful to reflect. This year Nvidia peaked near 975 on Friday 3/8 and fell sharply that very day. It's since recovered as of this writing to about 875. Let's see how it all plays out this GTC and the weeks that follow.Longby radiohead007119
wedge h&smean head n shoulders forming - however a bullish breakout above the wedge could mark a continuation of the bulltrend - or a delay of the correctionShortby The_Gains447
Nvidia uptrend may be running out of steam, where are the stops?Nvidia currently trading at 36 times sales and pricing in all the forward growth in earnings analysts can see. Many cheap stocks trade at 1-2 x sales, normal price to sales for growth stocks might be 5-10x sales. But 36 x times has a huge built in growth premium which makes holding these growth names risky. Its just like a premium on precious metals at the coin dealer, except the growth premium here far larger. The trend is in tact as long as NVDA stays above 20 day moving average, in my opinion. sox index and sox/gold may be showing waning momentums signals already. by optionfarmers2
Classic Bear PA on Long Term Resis: Break and trap patterns. NVDA went into a large clear uptrend on the break of the 1.61 fib. This is something we see in Elliot wave uptrends. If you follow my regular postings day trading you'll see me trading 1.61 breaks all the time and it's always when we get to the 2xx and 3.20 fibs I am most active in trailing my stops, because big reversals can come from these levels. NVDA has a big bearish engulfing candle. Something generally positive for a bearish thesis. Personally, I'm not all that fond of shorting in these spots. I think it's always fair game we can retrace the last candle (Red) or even spike out the high (Blue) before a real reversal. I know I'm going to bet on the red path and I know if that loses I'll bet on the blue spike out. if the market keeps going higher, I know I'll lose in these two spots. I don't mind losing in these two spots but I hate shorting the lows and then losing in these two spots on top of that. This is why you tend to see me shorting into rallies. Because I don't trust price action signals to not screw me over a high percentage of the time. But with all that said - strong follow on a bearish engulfing candle would be notable with the bear signal coming on the spike out of major resistance. I'd be so much happier shorting NVDA on a spike out of the 4.23 fib. At that point I'd think I'd seen all the risk for bears. If the bear trade was ever going to work, it'd have to work there. I'd not have to worry about final head fakes any more, just have to worry about being completely wrong (Which is better. Having to think about being 90% right and losing money is harder than just having to be aware you may be wrong). At this point we can plan the break levels. Using an inversion of the 1.61 breakout strat used to aid the bull forecast at 500. If a break, retest and re break of the 800 zone can be made - good chance we see NVDA trading significantly close to the 4.23. 570 or so min target on short. The stop loss shorting here would be just above the high because the blow off risk to 4.23. Unfortunately, this can be subject to stop hunting in nominal spike outs with harmonics. It's a risk you always have to be aware of when shorting into early classic reversal candle patterns. The breaking of 1.61 would be compelling for an important high made in NVDA. Conversely, if we hold there the case for 1200 or so is strong. Pending how things look at that level I may or may not buy some 1100 calls. If I end up heavy in a short I'll probably be sure to buy them just as some common sense protection. Chance of waterfall event under the 1.61. Just like the rally went parabolic when breaking above it. Shortby holeyprofitUpdated 5
Do you see the rising wedge?I decided to revisit the NVIDIA chart to identify what is going on with the slowdown Euphoria movement for potential reversal. What I found was a rising wedge pattern. The liquid grab from 2 days ago confirmed it, as the trajectory was over extended. It was easy for bears to drag the price back down as no one was expecting such upside movement. If NVDIA breaks below Or above the edge patterns I then look for support and resistance entry point. Shortby dezymezy186602
EXPECT $500+ OUT of NVDAAt this point NVDA is unstoppable. It will not pull back until at least $500 - $520. But even at that point it could easily turn the top of this upward channel trend Into support and then we are looking at clear skies and smooth sailing until $1000. I mean why not? NVDA could easily demand a more than 2 trillion dollar market Cap. Especially considering when its quarterly revenue is at a whopping 7 billion, giving the stock the admirable PE ratio of 213. This one has room to run. Insiders might be dumping large blocks of shares but nothin g that should give investors reason to be cautious. Fasten your seat belts because AI is in charge of this rally.Longby Goontata84Updated 464614
NVDA It appears that the price chart may be forming a cup and handle pattern, suggesting a potential bullish trend if the price remains above $922. Conversely, a price below $850 would indicate a bearish sentiment. Additionally, the MACD indicator has crossed down, indicating a potential downward momentum. In my analysis, I anticipate the price may touch $850 and then rebound, as there is substantial support in that zone.by AmyThongbai112
NVDA AT BEAUTIFUL SUPPORT!! EXPECTING A BOUNCE!There's a triple confluence here on NVDA, This is a massive support level with a developing 45min order block. With these confluence and a strong company leading the tech/AI world, I would expect higher prices to come unless we get a random negative event. I'm bullish and looking to break $1,000 in the next few months. Let me know your thought sin the comments below Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.Longby Navitility225