Nvidia_analysis
NVIDIA DOUBLE BOTTOM W PATTERN ADAM EVEAn update on NVIDIA
We are a month further and a lot has happened in a month.
Looking at the 4 hours:
Following the previous TA, the bulls had failed to break through. As a result, as reported, we may have started to fill the gaps that were lower, which have now been filled. It was perhaps a bit early to call but… in the end the double bottom W pattern formation is as good as a fact. In fact, I spot 2 that are almost similar (large and smaller one). The price targets of both formations are stated, both the 100% price targets by means of clap and flap… but also the 69% price targets based on the ADAM EVE Double bottom W pattern
(bottom price - neckline price = X * 0.69= Xa then.... the neckline + Xa = price target).
However, the necklines must be broken and preferably provided with a re-test.
If the bulls are rejected at the first neckline, there is still hope for the USD 224 otherwise a decline towards the earlier USD 210 support will undoubtedly be tested again.
Nvidia Long Idea$NVDA NASDAQ:NVDA has been a market leader, among the last tech stocks to trade lower during the correction.
$NSDQ100 is still trying to find its way back to above key resistance levels whereas $SPX500 & $DJ30 are already above these levels. Turning point is on the horizon, for now I'm just loading up on better setups.
NVDA: Descending Triangle Break NVIDIA - Short Term - We look to Sell at 206.22 (stop at 217.69)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 210.00, which will confirm the bearish sentiment. Closed below the 20-day EMA. Short term oscillators have turned negative. Follow through bearish momentum from 346.00 resulted in net losses.
Our profit targets will be 165.54 and 137.15
Resistance: 250.00 / 270.00 / 285.00
Support: 210.00 / 200.00 / 190.00
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.
NVIDIA to Sell-off? NVIDIA - Short Term - We look to Sell at 269.00 (stop at 291.43)
We look to sell rallies. Previous resistance located at 270.00. Previous support located at 210.00. Trading within a Bearish Channel formation. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 270.00, resulting in improved risk/reward.
Our profit targets will be 211.24 and 201.15
Resistance: 270.00 / 285.00 / 330.00
Support: 210.00 / 200.00 / 190.00
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.
NVIDIA RISING WEDGE**NASDAQ: NVDA 1D HEIKIN ASHI/2H Normal Candle**
Started with a clean chart…
On the Daily Time Frame
A Descending Broadening Wedge mostly bullish.
The Fibonacci series pulled into the downtrend (high to low) where we should be watching the Golden Pocket in particular. Should the bulls come above and re-test it could give an impulse to look further up again. If we are rejected, the bulls will have to recharge to make another attempt, which could be accompanied by a decline beforehand and gaps will be filled. There is also the possibility to print a W pattern ($269 in that case would be the neckline).
On the 2H chart I zoom in on the last leg up where we find an Rising Wedge which could be a reason for a decline. breaking out on the pattern we see that the re-test is now taking place which could be an important point for the bulls to re-enter the pattern and break out on the Descending broadening wedge. In the event of a rejection, it gives the bears the chance to fill the specified gaps (reason of the normal candle view).
The annual figures will be presented today after the close of the stock market.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*
NVIDIA DESCENDING BROADENING WEDGE**NASDAQ: NVDA 1D HEIKIN ASHI/2H Normal Candle**
Started with a clean chart…
On the Daily Time Frame A Descending Broadening Wedge mostly bullish.
The Fibonacci series pulled into the downtrend (high to low) where we should be watching the Golden Pocket in particular. Should the bulls come above and re-test it could give an impulse to look further up again. If we are rejected, the bulls will have to recharge to make another attempt, which could be accompanied by a decline beforehand and gaps will be filled. There is also the possibility to print a W pattern ($269 in that case would be the neckline).
On the 2H chart I zoom in on the last leg up where we find an Rising Wedge which could be a reason for a decline. breaking out on the pattern we see that the re-test is now taking place which could be an important point for the bulls to re-enter the pattern and break out on the Descending broadening wedge. In the event of a rejection, it gives the bears the chance to fill the specified gaps (reason to the normal candle view).
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*
NVDA: Bottom is Near NVDA finally starting to hit some demand around $208. I am a buyer from $200-$220 for commons and any retest of that area I will look for a bounce long.
Will need to get a feel that day about where we are at, but should be good for swings once we get one more touch this week down. Under $200 market is dropping to $4000 SPX.
Nvidia: Buy the Dip?NVIDIA - Short Term - We look to Buy at 223.00 (stop at 203.00)
Preferred trade is to buy on dips. Levels close to the 50% pullback level of 231.07 found buyers. Trend line support is located at 210.00. The stock is currently outperforming in its sector. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 272.00 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.
NVIDIA sees bears in short term. NVDAShort term outlook.
Bearish outlook for gains at 255, then 244. Invalidation at 294.
Not as bad as Tesla, but way too overinflated in short.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Nvidia Analysis 24.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Nvidia Analysis 11.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
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NVDA (NVIDIA CORPORATION) WILL DOWN BEFORE UPNVDA (Nvidia Corporation) will down around $258 for correction and after that, it will definitely make a new high as a preferred count (projected by with black line) as a complex correction. Another side of the view is an alternative count ( projected by with red line) it can be the 1st wave and it will down a little bit and it doesn't make a new low below $271.45 if it sustain above these level then we can't make a new low but if not sustain then we will going to make a new low. After the rise, we can see the resistance around $311-$324 and if we break the trend-line then we can assume, we will go for a new low.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#NVDA #NVIDIA
Nvidia Analysis 18.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Nvidia Analysis 07.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Nvidia Stock projection after the drop Hello everyone, as we all know the market action discounts everything :)
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Nvidia Stock starting push back up after the drop caused by the Evergrande problems where we see the stock pushing from 206.27 up to 225.34 in 3 days, That's almost a 10% increase in a very short period of time.
NVDA has an average volume of 26045000. This is a good sign as it is always nice to have a liquid stock.
Both The Long-term trend and Short-term trends are looking positive.
Possible Scenarios for the market :
Scenario 1 :
The market has reached the first resistance line located at 224.58 but a breakout didn't happen yet, Looking at how the trend is moving we should be seeing a breakout soon that will jack the stock price up and the first stop this stock is doing will be at the second resistance at 229.58 where it might have some push back from the Bears that could drive the price back to the 224.58 level, After reaching that point the Bulls will pull up and gather buy power to push the market to the 237.66 level.
Scenario 2 :
The market has reached the first resistance line located at 224.58, The Bears could step in and take control and drop the price here to show the Bulls that it's not gonna be easy for them to gain control which will lead the price dropping to the first support level at 214.42 where the battle over control will happen with Good chances of Bulls winning which will be the start of the push to the 237.66 level
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 58.86 showing good strength in the market. No divergence has been found between the indicator and the market
3) The Stoch is in the upper end of the middle zone showing good momentum, With a positive crossover between the %K (78.31) and %D (52.83)
Daily Support & Resistance points :
support Resistance
1) 214.42 1) 224.58
2) 209.42 2) 229.58
3) 206.84 3) 233.65
Fundamental point of view :
When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 84% of all stocks and NVDA has a Return On Assets of 18.32%. This is amongst the best returns in the industry NVDA outperforms 88% of its industry peers.
The Earnings Per Share has grown by an impressive 80.78% over the past year.
"One of the reasons the stock is moving up can be seen in the Indicator column. The stock received a boost in its price target from Bank of America on Sept. 17, 2021. If NVDA stock reaches that price target it would be a gain of over 25% from the consensus price target. Bank of America may be reacting to Nvidia’s push to become seen as more than just a chip company and is spending over $1 billion on research and development to support that aim." According to Marketbeat
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.