NVDA - NVIDIA short timeThe chart possibly ended its 5 wave rally and now it's going into a corrective wave. We should take maximum profit from it.
To make the trade more secure, we need to divide it into at least 3 entries. 1st entry to close at first target. Second entry to go at the end of the blue arrow that indicates the end of (C) wave. The 3rd entry will be held until the chart reach the wave IV of a smaller degree, although as a second wave the price has the potential to fall even by 61.8%. This is the case where we need to wait for a part of correction to form, or to make fundamental analysis
Write down in the comments your opinion about the stock decline
Nvidia
NVDA: You must keep an eye on these key points!Hello traders and investors! Let’s see how NVDA is doing today!
First, it did trigger the pivot point at $ 190.20, and it is doing higher highs/lows . What’s more, NVDA recently found a support at the previous bottom level around $ 178, and this bullish reversal structure is appearing in a very good moment.
Right now, NVDA is doing a pullback to the $ 190.20, which previously was a top, and now, it is supposed to become a bottom in the short-term, according to the Principle of Polarity . The 21 ema is quite close to this point as well, making it a dual-support level.
Of course, the situation is not that easy now, as we still have the purple trendline , which connects the previous 3 top levels, and could work as a resistance in the future again.
The daily chart gives us more clues:
The support at $ 178 is quite close to the 38.2% Fibonacci’s Retracement ($ 180), and it is easy to see now why NVDA did a bottom over there. This is a very strong support level.
What’s more, NVDA did a lower high/low in the daily chart, indicating weakness in the mid-term. Now NVDA is fighting to break the 21 ema, and it is losing, so far.
If the pivot seen in the 1h chart gets frustrated, and NVDA loses today’s low tomorrow, the mid-term trend will prevail over the bullish reversals pattern seen in the short-term, and we might seek the retracements again, even the 50% retracement, at $ 171. The 61.8% retracement at $ 163 is the last support level it could retest in a stressful scenario.
Honestly, I don’t see NVDA crashing, but don’t see it flying either. Either way, it is important to look at the bullish structure in the 1h chart, and Fibonacci’s Retracements in the daily chart for now.
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Crackdown on Bitcoin miners. Will this mean a drop in NVDA soon?NVDIA has been on a strong bull trend and we are now seeing a double top and possible retracement. If this goes down to the 50% Fib level, we are likely to see $480 followed by a sideways / consolidation period before it goes back up again. Maybe wait for the big dip to get into this one!
Let me know what you think....
NVDA Buy LevelsThe color coded support levels shown on the chart are the levels I am currently watching on Nvidia should an extended pullback occur.
The levels were found using a simple, multi-fibonacci retracement method based on previous swing highs and swing lows that allowed me to spot local fib levels. I will possibly make a post on this one day as an educational resource.
There is a lot that will go into this so there is no way I can cover everything in this one post. So check for updates in the future.
In the meantime, we will start with the most bearish scenario and that would be below the .236 fib level at around $715.
I personally do not trade below the .236 but there is no rule that exists that you shouldnt. Its simply my personal preference not to.
This is the basement floor where many traders would choose to place limit orders with hopes that they hit. This is the area where the largest potential gains are made.
PLEASE NOTE: Nvidia does not HAVE to reach these exact prices. This is just simply a point of reference for one to borrow. Please apply your own analysis to come to your own, best conclusions.
With that being said, my favorite fib levels to buy are primarily whatever level the current price is closest to. Which means the .786 level near $812 is the level that should get your attention as of right now.
As you can see, the price wasted no time dropping to this level and one should note that this was not random. The first level that price usually pauses at when pulling back is the .786 fib level. And if this level holds on larger time frames, that would be the first signal of a possible bullish reversal/continuation. If this level holds on the weekly, bears will be at risk of losing momentum, and bulls could retest the all time highs again.
On the flipside, if NVDA breaks the .786 fib level ($812) then that would be the first true bearish signal. And although this is a daily chart, we are truly looking for closes below/above the fib levels on the WEEKLY.
The lower range of each fib level are the buy areas. The tops of the fib levels are the expected rejection areas.
You can see the price at each corresponding level as follows:
$838
$812
$791
$777
$762
$744
$715
To the left of the candle sticks on the chart you will see an example of how to ladder buy simply using the fib levels. It is fairly common sense but one should feel free to tweak it and apply their own strategies as long as risk management is being practiced.
Check back in the coming days on this and if you have made it this far reading this please leave a like!!
Weekly Outlook! 7/12 - 7/16Here is what stocks we are looking at for the coming week! As well as a recap of last week's video!
NYSE:CAT
Looking for another swing high off of lows. Looking to get a confirmation for the break of it's current bullflag pattern over the $220 level.
NASDAQ:NVDA
NVDA has been range bound the last two days between $806 and $788. We will be looking for a range break in either direction of those levels
NASDAQ:ROKU
Nice dip here after the recent run we have seen. Looks like we got a break of resistance and will look to catch the next move higher over the $434 level
NYSE:YUM
Nice trend resistance break on Friday, looking to catch a move over a break of $119 for continuation
NASDAQ:EBAY
Nice bullflag pattern forming here at highs, will look to take the next move up after a break of the $70 level
NVIDIA to bottom fib retraction zoneTechnicals and fundamentals supporting short position
- Nvidia has risen 25% in the last month to date, suggesting it may have a gap to fill - 90% of gaps get filled
-Overbought on every timescale and has rarely stayed above a 80% overbought level for more than a few days, which it is long
- Stock split coming in mid-July, which will jumpstart a stock buying spree as the stock becomes more accessible to retail investors…due for a correction before the
- Based on this chart, Nvidia has retreated into its bottom fib zone every time after hitting its peak fib zone, which is where it is currently positioned
NVIDIA stocks analysisHi every one
this is the chart of Nvidia corporation. as you might know Nvidia is a Great company which is Very famous among Gamers and Miners for It's High quality Graphic cards which everyone is using right now! so the chart is showing a pretty interesting bullish pattern,a bullish Flag! as you know the price can increase as much as the Flag pole after the upward breakout of this pattern happens.which in this chart It has already happened so yeah The price can Increase to 1000$!!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Trading Idea - #NVIDIABUY
ENTRY: 545.00 USD
TARGET: 608.00 USD (+ 13% profit)
STOP: 512.00 USD
NVIDIA is a world leader in the design, development and marketing of graphics processors.
1.) Strong support at 536.70! This should help the price to move up in the short-term!
2.) NVIDIA's profit margins are among the highest of any traded company. The business is extremely profitable.
3.) The strong growth is one of the company's strengths. A further growth of approx. 70% until 2024 is forecast.
$NVDA Earnings Anticipation Nvidia cruising towards the top of its trading range as the company reports earnings this Wednesday May 26th, the report could definitely allow a breakout to happen near $700 if expectations and future projections are strong. High demand for graphics cards within not only the crypto community, but gaming community as well. Nearly impossible to get your hands on a 30 series card near MSRP these days. Watching closely.
NVDA getting ready for the earnings report
All eyes will be on Nvidia NVDA to report its Q1 results next week on Wednesday. The stock is down 12% over the last month, However, it seems that the stock is preparing for a probable trend reversal getting ready for the earnings report.
Prices could hit $590 and $600 respectively.
$NVDA Pullback$NVDA to pull back to the slow-moving average (purple highlighted area), using it as support, then potentially move higher as shown by the bullish Ichimoku cloud. There is clear disequilibrium between the fast and slow-moving averages (base and conversion lines) and price action has already started moving towards the base line at roughly $569.63 and my analysis shows that it will continue to close the gap between the moving averages before a continuation of an uptrend. Thoughts on this analysis?
NVIDIA idea NVIDIA idea
I think we have an interesting moment for this promotion.
For 8 months, the price was in a flat and formed a price range on the daily chart.
There was a breakdown of the resistance level and now we are witnessing its testing, which is a signal to continue moving along the trend.