Nvidia has an inverted head and shoulders pattern on the weekly.Nvidia has an inverted head and shoulders pattern on the weekly. What do you think about the target price range?Longby cerveloistUpdated 4
NVDA falling wedge after EarningsAfter a classic sell the news earning shake out, NVDA looks to have consolidated nicely under 500 Psych Level. Falling Wedge is Bullish, Sellers running out of gas... Got the pop higher in PM up $5 from 478-483... This can easily take us back to 500, FAST. And without Earnings in the way, I think the real 500 Break out is coming. Target 600 1/19/2024. Interesante Options; 12/1 390 C , 12/15 500 C , 1/19/24 500C . Longby Prophecies_R_UsUpdated 337
Weekly Bearish Shark. I'm very much a "M's and W's" guy when it comes to harmonics. I rarely look for or spot these ones with lots of false breakouts. But this looks like a textbook shark pattern. Textbook pic attached for reference. Shortby holeyprofit2212
NVDA: A Dangerous Turning Point (D and H charts).In our last analysis, we warned of a possible correction in NVDA's shares, right on the day they made a new all-time high above $500. The link to my latest public analysis of NVDA is below this post. What's most interesting is that NVDA's shares fell just to hit our target at $476.09, which we set in our last analysis, and apparently, it's working so far. In addition, the $476.09 is very close to the 21 EMA on the daily chart as well, reinforcing this support area. In the two days following my analysis, NVDA confirmed a bearish reversal pattern by triggering a bearish pivot on the hourly chart (as evidenced by the image below). A bearish pivot is a lower high than the previous one, followed by the breakout of the last bottom. As shown in the chart above, NVDA shares were on a rally, making rising tops and bottoms, surfing above the 21 EMA, until on November 22, a bearish pivot was confirmed. The share price quickly fell to our target which is its first support point, but despite being in a good place for a bottom pattern to form, there is still no reaction suggesting such an event. What if NVDA shares don't react at this support? From a technical point of view, it could look for its next support levels, such as one of the Fibonacci retracements as shown below: For now, let's stay tuned, as NVDA is once again in a critical price zone, and we will soon have a clear answer as to whether there will be a reversal, or a continuation of the short-term bearish sentiment. In any case, I'll keep you updated, so remember to follow me for more analysis like this, and support this idea if you like it. All the best, Nathan.by Nathan_BlackUpdated 2220
NVIDIA LogThis chart is based on the Nvidia logarithmic scale. Because of Nvidias explosive move towards the upside these charts can serve as a better way to see the full picture of whats going on. However I find it hard to find price targets because of the way these are done. Nvidia is clearly working inside this massive channel and it's a pretty clear and clean one too. Right now we are at the top of this channel and there is alot of resistance at these levels. Stop Loss is at $507 for this trade. I expect to see Nvidia make some moves down here testing either the 0.168 fib level ($256) or testing the middle of this channel. Testing the 0.168 seem's more likely than the centre of the channel but time will tell. If however Nvidia does manage to break out of this channel, a possible Long position could be looked at when it comes to retest. Although Nvidia is a great company I do feel it's more risky to go long here than it is to go short. I'll be placing stops in profit when we close in on that $400 level, right now that is a key level for where Nvidia can go. breaking $400 opens a potential move to fill that major gap that can be seen on the daily timeframe. SL - $507 Entry - $481 Shortby CJMackinnon1
Above 459 we go up to new highs, below high chance we see $400We're getting alternation between an almost indistinguishable wave 2 and this current wave 4. However, if we breach 459, then we have declined lower than .50% of wave 2 and 3, and although we have NO overlap, the chances are high we are no longer dealing with a wave 4. Therefore I will keep this simple, above 459 and we go higher to complete this larger pattern. Below 459 and I'm 75%/25% on price heading to 400 in a larger wave 4 flat.by maikisch9
Nvidia Short Follow Up - Initial Idea Just a follow up on my previous Nvidia idea that I've shared in the link. I am still running my long term short on Nvidia, last week we saw it go sub $400 before rallying back above $450. In this chart there are 2 lines I'm watching. The first is the newly forming downtrend which it seems to be sticking to at the moment The second in the strong long term uptrend that's held since Dec 22. That trendline was broken recently and now we are retesting it. I believe that momentum is running out in Nvidia and it's struggling to break Higher highs. That doesn't been we wont see a fake out in the coming week but I'm more inclined to believe that towards the end of the week we start to see Nvidia really falling off. My target for end of week $435 or lower. My Main Targets for this Trade: T1 - $373 T2 - $326 T3 - $263 T4 - $203 Once the gap is filled I will place a stop loss in profit and try ride this thing as far down as I can Thanks for reading, NFAShortby CJMackinnonUpdated 6
NVDA Short after falling strongly below a supportSupport broken with force yesterday, I expect the price to keep falling to the levels shown in the picture. First of all, I want to see a retest of the pre market high or the level above the current pre market price.Short01:36by danielesala19861
How to Trade on Earnings ReportsEarnings reports are a critical element in the financial markets, often triggering significant shifts in stock prices. This FXOpen article aims to walk traders through the complexities of trading these pivotal announcements. From preparation to strategy, discover key insights for making informed decisions during earnings season. Importance of Earnings Reports Earnings reports are a financial scoreboard for companies, released to share quarterly results with investors and analysts. These documents are pivotal in shaping market sentiment and often lead to significant fluctuations in stock prices. They encompass key metrics like revenue, expenses, and earnings per share, serving as a transparent record of a company's financial earnings. Investors keenly watch these reports as they provide a glimpse into the company's health and future prospects, often setting the tone for stock performance in the subsequent quarters. Preparing for the Earnings Season When earnings season approaches, traders are usually proactive in preparing for the influx of financial quarterly reports. One essential step is to create a comprehensive earnings calendar that lists upcoming earnings releases from companies of interest. Traders can also review past earnings reports and compare actual results against market expectations to gauge how a stock might react in the future. In addition to these, investors often consult SEC filings like 10-Q and 10-K reports to deepen their understanding of a company's financial health. Keeping tabs on analysts' predictions and expert commentaries can also provide valuable insights. A well-prepared trader is one who has extensively researched and planned for the season, thereby increasing the chances of successful trading outcomes. Key Metrics to Monitor When it comes to stock trading, earnings reports are a treasure trove of vital data points that can inform trading strategies. These metrics not only reflect a company's past performance but also offer hints about future prospects. Here are some important figures to keep an eye on: Earnings Per Share (EPS): This is the portion of a company's profit allocated to each share of stock. A high EPS can be a sign of profitability and is often compared to analysts' expectations. Revenue: The cumulative amount of money generated by the organisation. Meeting or exceeding projected revenue numbers is generally seen as a positive indicator. Guidance: This is the company's own forecast for its future performance. Strong guidance can positively affect stock prices. Operating Margin: This measures operational efficiency by comparing operating income to revenue. A higher operating margin can indicate a more profitable and well-managed company. Price-to-Earnings (P/E) Ratio: This ratio is used to value a company by comparing its current share price to its EPS. A lower P/E ratio might suggest that a stock is undervalued, while a higher one could indicate overvaluation. Dividends: Though not part of the earnings report, the announcement of dividends or changes to dividend policy can also influence stock prices. Earnings Report Trading Strategies Trading around earnings reports requires a distinct set of strategies, especially when dealing with companies about to report earnings. The market is often volatile during this period, and traders must tread carefully to navigate the complexities. Having a reliable trading platform can be a game-changer in this high-stakes environment. FXOpen’s TickTrader offers the real-time charts and trading tools necessary to help traders analyse trends and execute trades. Buy the Rumour, Sell the Fact This strategy involves buying stocks based on anticipated strong earnings and selling right before or after the report is published. The aim is to capitalise on pre-report hype and avoid subsequent volatility. Contrarian Approach Here, traders go against market sentiment. If a stock has been rallying before the earnings, but the fundamentals don't support the hype, a contrarian might short the stock, expecting a correction post-earnings. Post-Earnings Announcement Drift (PEAD) This strategy capitalises on the tendency of stocks to gradually drift in the direction they moved post-earnings. Traders buy stocks that beat expectations and short those that miss, with a plan to hold for several days or weeks. Event-Driven In this approach, traders closely monitor corporate events other than earnings, such as mergers or regulatory changes, that might influence stock prices around earnings announcements. Volatility Skew Traders analyse the implied volatility of the stock leading up to the earnings report. A significant change could offer clues about market expectations, enabling traders to position their portfolios accordingly. Common Mistakes and How to Avoid Them Navigating earnings reports involves several challenges, and traders often find themselves making common errors. Here are some of those mistakes, along with ways to sidestep them: Emotional Trading: Traders sometimes let emotions guide their actions, particularly after unexpected earnings results. Keeping a trading journal can provide valuable insights into emotional triggers. Ignoring Volatility: Market volatility is usually higher around earnings season. Utilising tools like the Volatility Index (VIX) can offer an understanding of market conditions. Incomplete Information: Decisions based solely on headlines or analysts' predictions often lack depth. Comprehensive research, including past performance and industry trends, provides a fuller picture. Over-Leveraging: It's tempting to amplify potential gains using leverage, but this increases risk. Traders often manage this by setting strict risk-reward ratios. Failing to Diversify: Putting all eggs in one basket, especially with companies about to report earnings, is risky. Diversification across sectors can mitigate some of that risk. The Bottom Line Trading during earnings season is a nuanced endeavour, requiring a blend of preparation, strategy, and keen observation of key metrics. A reliable broker can further enhance a trader's edge in this challenging landscape. For those interested in taking their trading to the next level, opening an FXOpen account enables access to a robust platform and tools for navigating the complexities of earnings reports. Happy trading! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen1126
NVDA: Last week of NovemberAnd last but not least NVDA. Break and hold over the blue, its a long to the high targets. Break and hold below the orange, its a short to the low targets. NVDA can be a bit bipolar and do 180s midway through the move, so its more of a "lock in your gains when you got em" kind of stock. For example last week: But based on current momentum, I don't think it will have problems reaching a target ;). Just my thoughts, safe trades! Longby SteverstevesUpdated 6640
$NVIDIA Rally is Over (for now)Don't talk unless you can improve the silence 🎵 Xzibit - Paparazzi (Instrumental) 🎵 definitely not a financial advice at allShortby frikko23Updated 225
Nvidia should be on it's way to $467Currently I have NVDA starting a c-wave of iv down to 467 minimum. If at anytime price breaches the $449 area, chances become very high, NVDA may have topped. Under that scenario, I expect price to find support in the $400 region and to hold that area and rally, could mean that is our minor a-wave bottom. Suffice to say, if you own NVDA, raising some cash at these levels seems prudent.by maikisch4418
How much better can things get? Potential double-top.After reporting earnings earlier last week, shares of NVIDIA have been struggling to march higher, and if you wonder how this is possible despite astounding results, here is some food for thought. The tech giant has experienced an unprecedented rally of more than 360% since October 2022, and it is no secret that the revolution in the AI sector has highly contributed to this fact. It did not take long until the talk in the news was all about large corporations investing hundreds of billions of dollars to fund artificial intelligence research and about AI disrupting various fields and reshaping the world as we know it. With this narrative playing out, the tech giant delivered outstanding performance for the second quarter of fiscal year 2024. Its GAAP-calculated operating income was up by 1,263% YoY, net income by 843% YoY, and diluted earnings per share by 854% YoY; then, on top of that, in the third quarter of fiscal year 2024, operating income increased by another 53% QoQ, net income by 49% QoQ, and diluted earnings per share by 50% QoQ. While these are indeed incredible results, more often than not, when things are starting to be too good, the situation starts to beg the question of how much better they can get. Therefore, it is also important to consider the broader economic context. There is an apparent slowdown in multiple sectors outside of technology, like manufacturing, real estate, cargo transport, etc. These other sectors could eventually ripple into the tech industry, impacting overall economic growth and investment. Moreover, replicating the astonishing success of the last year indefinitely is improbable. Market saturation, increased competition, and potential regulatory changes are just a few other factors that could contribute to the normalization of growth rates. Regarding technicals, RSI, Stochastic, and MACD have started to decline in the past few days (on the daily chart), accompanied by the formation of a potential double-top pattern. As these developments are bearish in nature, we are growing increasingly suspicious about the upcoming move in the stock. Consequently, we will be attentive to NVIDIA’s performance in the following days and weeks. Illustration 1.01 Illustration 1.01 shows the daily chart of NVIDIA and simple support/resistance levels derived from peaks and troughs. Technical analysis gauge Daily time frame = Slightly bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. Shortby Tradersweekly8818
When to sell NvidiaNamaste! Nvidia was one of the stocks which benefited hugely by the AI (Artificial Intelligence) boom. It corrected around 68% from its all time high during October 2022. Looking back at that time, I thought it as some serious happening because Meta was down around 76% , Netflix 77% , Tesla 72% , Amazon 55% , etc. I knew these were a good buys and probably sold at 100 or 200% gain . Off course I couldn't buy because I am Indian and trading in US markets is complicated. But now, I think it is time to book the profits in Nvidia at $490 . Key reasons affecting my decision: 1. The stock is overvalued. 2. AI hype is cooling off. 3. I am expecting a recession in the year 2024. 4. My bearish Instinct . Other things anyone can do:- 1. Sell at above mentioned prices and buy back at $347, which will result in around 30% in opportunity profit. Remember, I have nothing to win and nothing to loose. Any gain or loss arising out of my analysis is yours . Consider your financial advisor before taking any steps. Disclaimer: This article should not be considered as an investment or trading advice. The analysis is based on my understanding and experience in the markets. You must do your own analysis and/or consult your financial advisor before investing or trading.Shortby UnknownUnicorn7637383Updated 776
Momentum, Growth and Innovation: NVDAWe have just added a new position (NVDA) to our 'Growth, Momentum and Innovation' portfolio with 11% of total equity. Here is the link to our updated portfolio, which is up > 20% in the last month: www.tradingview.com Here is a more detailed analysis of this trade: Technical Analysis Trend: NVDA has been in a general uptrend, as indicated by the price being above the major moving averages (50-day, 100-day, 200-day), which are also sloping upwards. Moving Averages: The stock is currently trading above its short-term moving average (50-day) but there appears to be a slight pullback, which could be seen as a buying opportunity in an uptrend, as per Minervini's trend following strategies. Volume: There's been increased trading volume on up days, suggesting strong buying interest. According to Minervini, higher volume accompanying price advances is a positive sign. Relative Strength Index (RSI): The RSI is not in an overbought territory (below 70), which could indicate that there is still room for upside before the stock becomes overextended. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but starting to converge, indicating potential for a change in momentum. However, as long as the MACD remains above the signal line, it is typically considered bullish. Support/Resistance: The stock has recently bounced off a support level and is making its way towards a potential resistance area. The pullback to the support could be part of a "high tight flag" pattern, which Minervini finds favorable. Price Action: The recent price action has formed what appears to be a consolidation pattern after a strong uptrend, which may be indicative of a pause before a continuation of the trend. Background Analysis Market Conditions: Mark Minervini advocates trading in sync with the overall market. If the market indices are in a confirmed uptrend, individual stock trades like NVDA are more likely to succeed. Earnings and Fundamentals: NVDA is known for its strong market position in graphics processing units (GPUs) and its expansion into areas like artificial intelligence, autonomous driving, and data centers. Sector Performance: NVDA is part of the technology sector, and its performance is often tied to the tech industry's overall health. A bullish sentiment in the tech sector can contribute to individual stock success. Risk Management: Following Minervini's risk management rules, it's essential to have a predetermined stop loss to protect capital. The trade should also be sized appropriately, not risking more than a small percentage of the trading capital on any single trade. Entry Point: According to Minervini's strategy, this entry is considered a pullback entry which further reduces the risk of this trade.Longby JS_TechTrading2
NVDA 30 Minute Falling WedgeNVDA is at a falling wedge on the 30 minute chart. Bounced off of the supply zone. Looking for a break to the upside.Longby CRUZ-CTRLUpdated 1
Nvidia Pulls Back After EarningsNvidia is the top performing member of the S&P 500 this year, up 227 percent. Despite that big move, the chip giant has actually gone nowhere for over four months. But will that remain the case into yearend? The first pattern on today’s chart is the price area between $470 and $476. That roughly matches NVDA’s high in mid-October (depending on whether you take intraday or closing prints). The stock has attempted to stabilize in this zone in the last four sessions. Can it keep holding and turn old resistance into new support? Second is the 21-day exponential moving average (EMA). This EMA hasn’t been very important lately, but it did mark the bottom of the uptrend several times in the first half. Remaining above it could also make traders think direction is still positive. Finally, NVDA potentially stands to benefit from momentum in the final weeks of 2023. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information 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, futures or cryptocurrencies); 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 (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. 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.by TradeStation14
AI Monster Has a Lot to Live Up ToThe Bear Case There is no question that NVDA is a killer company with a monster product line. But let's not forget that there is a difference between a good product and a good investment. Valuations matter, and this company is still trading at extreme multiples of the typical metrics - P/E, P/B, P/S. Even though they've crushed earnings estimates the last two quarters, the stock has responded negatively in both cases, or at least not positively. A failure to react as expected is often a sign of exhaustion and can be seen on the chart with the inability to stay above the $500 level, which may favor a short to medium-term bearish position. The Bull Case This is a tricky one though - some analyst estimates put valuations on this bad boy at as high as $1,100/share, which would represent a market capitalization of $2.7 Trillion. Even with the extremes in the common valuation multiples mentioned above, growth has to be accounted for, and the stock's PEG (Price-to-Earnings-Growth) Ratio is actually at a level that has marked some historical lows in the past. In the wise words of Elon Musk "Place your bets accordingly". by thisbemax112
NVDA internal struture are weak stop loss above $495NVDA short term indicator are weak with bearish cross over on trending indiators warrant sell rally with stop loss above $495,current wave count suggesting wear on a an impulsive internal structures heading much loweer potentially $440 on break of $470/460 support, gold, bitcoin, falling yield and yield curv e inversion 10 yr-3months doesn't support risky assets.Shortby fxmetalanytime1
Nvidia Drill Down for Wave v of 5 of ( 1 ) CompletionIn the micro count, it appears we're in our wave iv with another low to come to complete. From there I am expecting one more high to complete this two-decade pattern. by maikisch7723
NVDA Seasonality - Flat to down for rest of year? NVDA has come back up to a resistance point and I feel that it is again over extended. Just like I did a few months ago, I opened a call credit spread way above the highs. The seasonality of NVDA is flat to down for the month of December. Thought the best way to play that would be a credit spread. by jgoody4x3
Starting Coverage on Nivida (NVDA)Starting with the big picture containing all the price action within Trading View charts. Based on fib extension levels my long-term green labeled count is my primary. Purple is an alternative, but again, based on fib extensions levels it seems unlikely that purple is the optimal long-term count. Nonetheless, in either scenario, we should be entering a period of sustained downside that even in my alternative count will last years. I will drill down into the daily and the micro patterns to get at a top for v of V of 5 of (1)by maikisch8
NVDA run into cloud resistance offer sell rallyNASDAQ:NVDA run into cloud resistance around $485 zone, rejection will be dire for bulls? Below $470 looks critical sell rally: stop above $495 target $447Shortby fxmetalanytime1