NVIDIA - Long PositionNvidia Earnings: What to Watch on Wednesday After the Market Close
Nvidia (NVDA 1.22%) is slated to report its first-quarter results for fiscal 2023 (which ended April 30) after the market close on Wednesday, May 25. An analyst conference call is scheduled for the same day at 5 p.m. ET.
Nvidia
Nvidia great potencial BUY ZONE in the next futureNvidia: 1W
Some data before arriving at the Support and entry point.
1) Split last summer
2) China will soon ban all non-Chinese softwares in their state-owned companies.
NVIDIA is one of the best companies on all Wall Street with a very important future and a market capitalization of around $ 0.5T.
Currently, the price has dropped 50% to its all-time high of $ 350.
Where the Market Cap was $ 1T.
Big profit taking finds:
2 maximum decreasing between:
1) $ 315
2) $ 280
The breaking of the SUPPORTS a
1) $ 230
2) $ 210
3) $ 188 on the yellow average (100 EMA).
However, we have a MAXIMUM SUPPORT in the price range of $ 155 - $ 138.
Where we find the average 200 (Blue line) and a series of highs that lasted like one year. (31 August 2020 - 24 May 2021)
Buy when it is low and sell when it is high.
In the price rotation we will undertake to evaluate massive buy orders, obviously depending on the situation of all Wall Street indices in general.
For info write to us in private
LPI.sa
NVIDIA - Potential 100% Jump before Recession Hits? The absolute leader in graphic processing units NVIDIA has dropped nearly 50% from its historic high.
Is it still overpriced or is it time to start buying some shares of the giant?
Fundamental indicators:
Revenue and Profits - exponential growth for the past 10 years
Profit margin - very effective, one of few companies with impressive 36%
P/E - still overpriced at 48x, however it has considerably dropped from circa 90x just two years ago
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO NVIDIA resembles parabolic graph. However, there might be few alternative options to count waves using Elliott Wave theory hence this presents additional risks
Presented scenario suggests that after forming the historic high in November 2021 there was a sharp correction of nearly 50%
Few alternatives for the developing wave 4 may include - (1) Flat Correction (ABC), (2) Contracting Triangle and (3) Running Correction
The last scenario has been selected due to the following reasons - as the leader in this sector NVIDIA is still most likely to enjoy increased interest from the investors, as there are not that many growth companies left, and given the exponential pattern of the graph every time the price touches Moving Average investors are most likely to buy all the dips
Risks:
Recession - looming recession is going to have inevitable impact even on the leader of this industry
Crypto - Ethereum's move to proof-of-stake model is projected to reduce the need for graphic processing units. However, Bitcoin and other coins using proof-of-work model are still going to remain the main clients
All of this including forecasts and assessment of the risks will be cleared in the next report planned for 25 May.
What do you think about the prospects for NVIDIA ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Nvidia Losing SteamNvidia and other tech stocks like AMD are losing steam. Currently it is outside of it's main channel and printing a head and shoulders pattern. I am expecting some kind of bounce in the DCA area, the trick is to buy s l o w l y so you don't get caught without liquidity.
It's been nothing but bad news for the stock market, and the next Nvidia offerings are a ways away. Sit tight and buckle up, it's discount season soon
Time to revisit Nvidia!Hello Friends!
I’ve taken 5 positions of Nvidia from 2018 to 2020 and sold 40% on December 2021 at overbought conditions. I’ve been sitting on cash from that sale waiting for oversold conditions. I’m planning to look at how it reacts to the .236 and .382 zone. I believe the FEDs rate hikes, inflation, and potential chip oversupply from demand going down will give me an opportunity to enter positions below $165. Also that $165 target should bring down the RSI to oversold conditions.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NVIDIA (NVDA) | Approaching Technically a Strong Buying Zone!Hi,
1. Channel projection
2. AB=CD
3. 2xFibo levels
4. 50% drop from the ATH
5. Different TF EMA's
6. Mid-number
7. Strong horizontal area
Do your own research about fundamentals and if its matches with my TA you are ready to go.
Regards,
Vaido
NVIDIA (NVDA): Expressing the Crossroads We Are At As you can see this Pitchfork shows just how strong of a Bullish Trend the Technology Sector has been in for the last 20 years.
Price finally reached a point of Peak.
Now, this doesn't mean the top is in but rather shows just where we are in the cycle.
Price isn't at life-changing levels anymore , at least based on the previous 20-year trend .
In fact, the Price is still a great deal away from the 200MA .
Hedge Funds and high-level investors are well aware of these levels.
As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited .
That's not to say there won't be light at the end of the tunnel, there certainly will be.
The question is...
Are we already on the other side or are we just beginning?
It's broken through support - whats next for Nvidia? NVIDIA
Short Term - We look to Sell at 212.65 (stop at 225.34)
Our bespoke support of 210.00 has been clearly broken. Closed below the 20-day EMA. Mixed and choppy price action resulted in the early move lower being sustained and prices closing lower. The 61.8% fibonacci extension level is the target.
Our profit targets will be 160.25 and 124.10
Resistance: 210.00 / 250.00 / 290.00
Support: 190.00 / 160.00 / 150.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVDA Supply And Demand AnalysisHTF (Higher Timeframe)
-Price inside HTF monthly rally base rally demand
-Trend = uptrend
-Look for lower timeframe confirmation.
LTF (Lower timeframe)
-Downward ML Break
-Opposing Zones Removed
-Price inside monthly demand
-Daily Confirmation Setup (potential buy stop
so you would get filled on the way out + you
would get extra LTF confirmation.
OR
-OR you can use the daily as the HTF
and go down to smaller timeframes and
wait for new confirmation...
Nvidia Long Off Support? NVIDIA
Short Term - We look to Buy at 211.77 (stop at 202.40)
Preferred trade is to buy on dips. We are trading at oversold extremes. We look for a temporary move higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 240.26 and 284.00
Resistance: 250.00 / 300.00 / 340.00
Support: 210.00 / 190.00 / 160.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVDA COMPLETION OF ABC CORRECTIONMarket finished 1-5 Elliot Wave Theory, broke the down trend and is on a verge to complete ABC correction, we are expecting this to be a flat ABC correction, because it is a 88.6 fib zone, the top of down trend line line, which also can be counted as a retrace, sop we expect a bounce off of a trendline and price to rise up to at least B point of a ABC correction.
Target: 290.56 (61.8 fib zone)
Entry: 215.5
Invalidation: 190.5
Where Nvidia looks to set bounce .The stock has plunged over 24% since reaching a high of $289.46 on March 29 amid overall market turbulence, which was accelerated on Monday when Nvidia downgraded from Outperform to Neutral and lowered its price target from $360 to $225.
Whether the bounce in Nvidia can eventually turn into a rally, or whether the stock will rebound only enough to print a lower high before continuing its descent, will take some time to be known, but the stock has an abundance of work to do before reversing course into an uptrend.
Nvidia began trading in a downtrend on March 29, with the most recent lower high printed on April 4 at $275.58 and the most recent confirmed lower low created at the $262.67 mark on April 1. Since forming the last lower high, Nvidia has fallen over 20% lower without bouncing on the daily chart.
To continue in its downtrend, the stock will eventually have to bounce up to print another lower high, which could give bearish traders who aren’t already in a position a solid entry to take a short position. Bullish traders who are not already in a position will want to watch to see if Nvidia can begin to print an uptrend on lower timeframes, which could then develop into an uptrend on the daily chart.
On April 7, Nvidia lost support at the 200-day simple moving average, which is considered a bellwether for bearish versus bullish long-term sentiment. If the stock is unable to regain the 200-day SMA in short order, the 50-day SMA is set to cross below the 200-day, which would cause a death cross to develop on the chart.
Nvidia has two gaps above, with the first between $223.20 and $230.62 and the second between the $253 and $258.20 range.
Gaps on charts fill about 90% of the time, which makes it likely the stock will rise up to fill both empty trading ranges in the future.
Nvidia has resistance above at $230.43 and $252.59 and support below at $208.88 and $195.55