One more new high for NVDAThe bullish sequence in NVDA is incomplete. It needs one more new high. Compared with other tech/semi-conductors like AMD and SMCI which have already broken down, it is possible that NVDA would be the last giant standing making a new ATH while the others made a lower high before everyone rolls over.Longby TraderBwaterUpdated 3
Nvidia in symmetrical triangle.Trade idea NVIDIA - 48h expiry - We look to Buy at 870.50 (stop at 846.50) As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. This has resulted in a large symmetrical triangle formation being posted on the intraday chart. Trend line support is located at 870. The bias is to break to the upside. The primary trend remains bullish. Trading close to the psychological 1000 level. Trading has been mixed and volatile. Our profit targets will be 930.50 and 940.50 Resistance: 905.50 / 924.08 / 938.50 Support: 890.00 / 870.00 / 850.10Longby Signal_Centre15
NVDA is at its peakNVDA is about near its top if it hasn’t reached it already. It could send feelers up towards the 915 level by mid April but I doubt it. It’s about to begin its descent to 580. Three possible paths, all of them lead to 580. The most likely path, since I expect it will drop as quickly as it rose, is it will make large gaps down at these levels: 775 by mid June 680 around mid August 640 by the end of February 2025 580 will be the bottom in June 2025 However, it could jigsaw its way down in which case it will take these levels 820 by the beginning of Oct 720 November 640 February 580 June Least likely scenario: A single dramatic plunge to 550-570 by August Slow ascent to 640 Feb Drop back to 580 by June Shortby fmpax22114
NVDA March 20, 24: A High Tight FlagOn March 20, 24, NASDAQ:NVDA is moving in this high tight flag pattern. I am looking for an entry if this stock will move out this flag on high volume.Longby longsonvn3
NVDA: Where to next?I didn't post a weekly idea on NVDA because there was no clear setup. Don't get too excited, there still isn't :-P. For the last little while we have been confined in this wedge pattern. It actually broke down from the lower trend line today quite susbtanitally but we ended the day reclaiming it. We will go to the top of the range most likely in the 920s. I honestly don't doubt this one bit. Taking the current uptrend on the hourly timeframe and plotting it back from October of 2022, these are the hourly ARIMA results from now till the end of the week: 927 is our EOW 80% level. 940s are our 95% level. It continues to limit downside and predict upside, both when using full history and when using the October low trend. Because I have the data and model trained already, let's run it for the rest of this week and all of next week (a total of 42, 1 hour candles, because Remember next week is a short week!): 971 is our 95% for next Thursday. If we make some great progress this week to the 80 or 90 range it will push the forecast up a bit more (towards the 1,000 mark that everyone is watching). Let's see what happens into EOW and we can process the new information. I will probably post the updates as an addendum to this idea, so stay tuned if you are interested! Safe trades everyone!Longby SteverstevesUpdated 1116
NVDA's White Support Line for a Potential Rebound Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum has been bearish. For now NVDA is near a white support line and bulls are looking for a rebound here so that NVDA has some upside for day 2 of the GTC event.by realchartchamp5
NVIDIA Bulls Charge into Uncharted Territory with ConfidenceAfter NASDAQ:NVDA successfully weathering a weak environment in the last season (yesterday) , today the AI darling appears strong and ready to achieve new gains. AST Score trimmed the alarm yesterday, signaling a potential local top despite a weak market environment, today things look brighter again. Our indicator shows strength, as the base (beige) line crossed the blue panel, indicating that the bulls are in control once more! Furthermore, our Random Variable indicator is signaling favorable conditions with the light green light on! Talking about yesterday, I really admired how NVIDIA bulls defended the lines despite a very weak performance by the MAG-7 group, especially considering the grim show put on by TSLA and AAPL. In a nutshell, NVIDIA has silenced the alarms and is poised to soar to new highs in uncharted territory. Don't forget to follow me; I'll keep you updated on the latest NASDAQ:NVDA trading best moves. The information provided regarding any financial advice, investments, or business transactions is for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Before making financial decisions, it is strongly advised to seek the advice of qualified professionals and assess your individual situation. Neither the language model nor its trainer assumes any responsibility for decisions made based on the provided information.Longby Carlos_F_444Updated 2
NVDA $930, then $10600. Notes to follow; NVDA Technicals Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target. Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar. Breakout normally around $930 This leaves a technical target for NVDA around $1050 Conclusion: Perfect technical = Stock trading on emotion and MOMOLongby drchelsea1117
NVIDIA consolidatingThe major US stock indices ended higher yesterday, breaking three days of back-to-back losses from the middle of last week. The mid-cap Russell 2000 failed to join in however, ending Monday’s session down 0.7%. All the US indices were weaker this morning, but picked up as the day wore on. Investors are likely to sit on their hands now during the two-day Fed meeting which ends tomorrow. There’s virtually no chance of the Fed announcing any change to interest rates at this meeting. But its accompanying statement, its quarterly Summary of Economic Projections and Fed Chair Powell’s subsequent press conference all offer up opportunities for the US central bank to provide insight into its current thinking. The concern is that, following last week’s disappointing inflation releases, the Fed may indicate that it is pushing out further the timing of its first rate cut since March 2020. This could also see it revise downward its projections for how many cuts we may see this year. The June meeting is currently the favourite for the first cut, and there’s no doubt that there will be plenty more inflation updates, along with other significant data releases, which will help give a clearer picture about the state of the US economy before then. But a shift towards September can’t be ruled out. In addition, analysts will be listening out for any changes the Fed may make to its balance sheet reduction programme. Yesterday, NVIDIA hosted a tech conference where it announced the production of its newest and most powerful AI chip, Blackwell. Investors seemed underwhelmed, and the company lost around 1% in after-hours trading. But like the broader market, the stock turned higher later in the session. The 4-hour chart, as shown above, suggests that the stock is currently consolidating after its latest long rally, and investor appetite remains positive for now. It appears to be forming a pennant, although currently there are too few touch points on both the top and bottom lines for this to mean anything significant as yet. But often, although certainly not always, a pennant breakout resolves in the direction of the earlier trend. Maybe tomorrow will bring a resolution. by TylerNorcross1
NVDA - Once a Castle, Always a Castle🏯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NVDA has been overall bullish, trading within the rising wedge in green. Currently, NVDA is in a correction phase and approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the previous major high and lower green trendline. 📚 As per my trading style: As #NVDA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst4424
Time to Test Some Lower Levels for SupportBack in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution phase and has earnings as a catalyst this week. What remains to be seen is if this distribution phase will have an upthrust (UTAD) to achieve one more higher high, or if it will get its sign of strength to the downside. Bulls might ask why would it reverse now? - because increasing demand has become unsustainable with out making a pullback to establish some significant support below. ----------------------------------------------------------------------------------------------------------------- Near Term expectations for price action: - I'm looking to enter some near-term puts on other names next week, but I'm not playing NVDA until after earnings (there are better plays) - But I think NVDA (and semis group) is arguably most important driver of overall market currently *** 715 is the most important level - If 715 holds as support NVDA will see a higher high in the coming weeks - If it sees a sustained break below 715 then it will become bearish near-term and will need to test some lower levels for support before attempting new high Chart - important areas explained: ** If NVDA is trading inside the shaded green diamond going into earnings then I'm expecting a gap up following the report to breakout above 742 3 most likely paths: GREEN arrow (bullish): drop to test 715 going into the earnings report and then breakout above 742 - if this occurs my upside targets will be 777, 792 and 816 by end of March 2024 RED Arrow (near-term bearish, but will provide buying opportunity): break below 715 to around 697-707 and then test 715 for resistance but get rejected ( if this occurs I will buy Mar 1 puts, and my downside target will be 661-683 by 2/28-3/1 ) black arrow ("worst case" scenario bearish): I don't think NVDA will crash but its setup does actually allow that as a possibility if 661 fails as support)... in this scenario we will get the same price action as the RED path, but 661 would fail as support. If this occurs there is downside risk to 560 and my targets will become 619, 585, 560 .. This would actually be the best case scenario for traders ha $$$$ - not enough evidence yet to expect this but I am watching close. See linked ideas of my previous NVDA long ideas if you need validation that I'm not just some doomsday preacher, I'm looking at it unbiased as possible.by JerryMandersUpdated 5656112
NVDA Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong Green TrapZone. by SnowflakeTraderUpdated 3316
Will Any Other Chip Company Catch NVIDIA?NVIDIA leads the chip industry, especially AI chips and their product announcement today was nothing short of remarkable. They had the entire web buzzing about their newest releases. It does not appear that any other company is even close to what they've accomplished and they are years, if not decades ahead. Even Intel and AMD are chasing with a longshot. The big question is whether any of these companies can catch up with NVIDIA in a matter of years or if NVIDIA will stay ahead. However, this also leads me to the real reason I am writing this post: Are there any other chip companies we should keep an eye on? Share your thoughts and suggestions for other companies to research in the comments!by scheplick2213
Midnight $920 broke through upper boundary but didn't hold. Last night, 3/17, midnight trading $920 high would of broken upper boundary signaling an uptrend. But it didn't hold. Perhaps we're waiting for FOMC meeting 19th-20th. Overall I think we're still in an uptrend. by MoneySeed5
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