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4NVDA trade ideas

NVDA H&S FailureYesterday I explained there are two existing gaps on NVDA. If NVDA holds over 120, I believe we could see 124... after that it will depend on whether this will squeeze pre-earnings, which seems pretty possible. There are plenty people shorting NVDA so a squeeze is very possible. NVDA also has a trend of failed H&S (visible before the last earnings). In order for me to truly believe this H&S is failing- I would want to see a breakthrough the 130's. Today will determine the first test. Holding over 120 is the goal - A H&S failure means 200 inbound again. I'm still in September calls but have trimmed a majority of them.
NASDAQ:NVDALong
by MadameWolf
NVDA - Short Term Update - $118 Resistance - 08/15/2024NVDA is currently at the $118 resistance we discussed previously. I've moved that position to cash for the time being. Swinging some options in case we do get continuation to the upside, though. I'd like to see NVDA come back to $100 where I'd be buying back my equity but for now, just waiting to see what the price action does. Short term upside targets if we break out of 118 would be 125, 130, 132. To the downside, I'd see 112 as the first support, then 106 before ultimately seeing 100. Taking profit felt good, now I will patiently wait for the market to do something on this historically bearish time period. August on average has a -4.45% return on the S&P since 1950, and Aug/Sep combined is an average return of -5.8%. October tends to be the best month to be a buyer with an average return of 4% after 2 months and 6% after 6 months.
NASDAQ:NVDA
by bitdoctor
12
NVDA: Reversing the Trend - D & W charts.The NVDA stock chart, viewed on both daily and weekly timeframes, presents a significant technical picture with clear pivot points and support levels that are shaping its current market behavior. Daily Chart Analysis: On the daily chart, NVIDIA has shown a bullish pivot point triggered near the $108.80 level, which has led to a rebound in the stock price. The move above this pivot suggests a potential shift in momentum, with the price now approaching the next resistance level around $120.16. This area may act as a psychological barrier, as it aligns with previous highs where sellers previously exerted pressure. The recent upward movement indicates a strong recovery from the $96.02 support level, which was a gap support, showing that buyers are stepping in to defend these lower prices. Weekly Chart Analysis: The weekly chart highlights the importance of the $97.40 level, near the gap support seen on the daily chart, which represents a major long-term support zone. This area has been tested as a resistance level in March 2024, and now it is a support level (Principle of Polarity), indicating its significance in the overall trend. The price's ability to stay above this level reinforces the bullish sentiment seen on the daily chart. Moreover, the proximity of the 21-week EMA to the current price suggests that this moving average could act as a dynamic support, helping to maintain the upward trajectory. Last week, the price did a false breakout from this key point. Conclusion: NVDA's recent price action is showing signs of recovery after testing critical support levels. The bullish pivot point on the daily chart is a key signal that could lead to further gains if the price can overcome the resistance at $120.16. On the weekly chart, the solid support around $97.40 provides a strong foundation for the stock's longer-term trend. For now, we should watch these levels closely as they will likely determine the next direction for NVIDIA's stock price. If the price manages to hold above the support and continue its ascent, it could signal a renewed bullish phase for the stock. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
11
NVDA Pull BackLooking for a pull back to 111-110, before possibly bouncing. Keep in mind there's two gaps around 120-124. There's a large H&S forming on the chart, which to me looks extremely bearish, however if earnings cause a failure - we could easily see NVDA go over 150. I've been holding 9/20 145 calls that have been up- trimmed many and will be holding shorter term puts in the meantime as a hedge. If the H&S plays out it will inevitably lead to 50... possibly lower. However, NVDA is infamous for H&S failures, which happened last time pre-earnings.
NASDAQ:NVDAShort
by MadameWolf
NVDA stays in range before earning NASDAQ:NVDA Analysis: 1. Price breaks bear trend with decreasing volume, indicating a possible false breakout. Interestingly, bear volume is decreasing, indicating loss of selling pressure. 2. Price gaps up since 12th Aug due to every news/data. 3. Price is too volatile and has been rising too fast, not sustainable if without a pullback. (Previously, the previous correction reversal, price moved up 16% followed by a pullback, and rose 12% in 2 weeks. Now, it rose 17% from the low, pullback, then 16% in shorter time of 1.5 weeks. 🎯 Target Price: Between $108 to $119 before earning release.
NASDAQ:NVDA
by Alex_AudiTTRS
NVIDIA Downtrend Line Breakout At $111.72 14.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NASDAQ:NVDALong
by Stuart_Cowell
NVDA Bullish Reversal Short TermTechnical Analysis Chart Overview Trend Analysis: NVDA has been in a downward trend but is showing signs of recovery with a short-term upward channel developing. The stock is making higher highs and higher lows, indicating a potential bullish reversal in the short term. Support and Resistance Levels: Immediate Support: Around $103.50 (marked by the red line). Major Support: At $97.22, below the current price action and a key level for the bulls to defend. Immediate Resistance: Around $107.96 (green line), a recent swing high. Major Resistance: At $116.77 and $120.26. These are significant levels where the price has faced resistance in the past. Volume Profile: High Volume Node (HVN): There is significant trading activity around $105-$108, indicating a critical zone of interest. Low Volume Node (LVN): Above $110, the volume thins out, suggesting a potential for quick price movement if the stock can break above this area. Momentum Indicators: MACD: The MACD line is above the signal line, suggesting bullish momentum, but the histogram indicates a possible weakening of this momentum. Stochastic Oscillator: Currently in the overbought zone, signaling a potential pullback in the near term. Price Action: The price has been in an upward trajectory, recently breaking through a descending trendline resistance. The recent price action suggests a bullish bias, with a potential test of the $110 level soon. Market Data and Sentiment Recent News and Catalysts: Nvidia has been benefiting from the surge in demand for AI chips and related technologies. Recent partnerships and new product releases could act as catalysts for further price appreciation. Analyst Sentiment: Most analysts are bullish on Nvidia, citing strong growth prospects in the AI and gaming sectors. Price targets from major investment banks are generally higher than the current market price, reflecting positive sentiment. Market Sentiment: Social Media: Positive, with investors optimistic about Nvidia’s growth potential and market leadership in AI technology. Institutional Investors: Many institutions are bullish on Nvidia, viewing it as a core holding for long-term growth portfolios. Price Levels and Trading Blocks Buy Block: Strong buying interest is evident around the $100-$105 area, which is currently acting as a support zone. Sell Block: Sellers are likely to be active around the $110-$112 level, as indicated by the volume profile. Entry and Exit Points Bullish Scenario: Entry Point: Consider entering a long position if the price sustains above $107.96 with strong volume. Exit Point: Take profits around $110 and $116.77 levels. Stop Loss: Place a stop loss below $105 to protect against downside risk. Bearish Scenario: Entry Point: Consider shorting if the price falls below $103.50 and fails to reclaim it. Exit Point: Cover the short position around $100 and $97.22 levels. Stop Loss: Place a stop loss above $106 to manage risk. Key Levels to Watch Breakout Level: A break above $110 could lead to a strong rally towards $116 and potentially $120. Breakdown Level: A fall below $103.50 could lead to a retest of the $100 and $97.22 levels. Trading Strategies Scalping: Look for quick trades within the $105-$110 range, buying on dips and selling on rallies. Swing Trading: Consider buying on pullbacks to the $103-$105 zone with a target of $110-$112. A stop loss can be placed below $102. Options Trading: Call Options: For a bullish outlook, consider buying call options with a strike price near $110. Put Options: If anticipating a decline, consider buying puts with a strike price around $100. Conclusion Nvidia (NVDA) appears to be in a short-term bullish phase, with potential for further upside if key resistance levels are broken. Monitoring the $107.96 resistance and the $103.50 support will be crucial in determining the stock’s direction for tomorrow and the upcoming week. Disclaimer The information provided in this analysis is for informational purposes only and does not constitute financial advice. Trading stocks and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Please consult with a financial advisor before making any trading or investment decisions.
NASDAQ:NVDALong
by BullBearInsights
Nvidia's Meteoric Rise: $420 Billion Added in Four Days Nvidia Corporation has once again captured the world's attention, this time with a stunning market value surge. The tech titan, synonymous with the burgeoning artificial intelligence (AI) landscape, has added a staggering $420 billion market capitalization in just four trading days. This represents a 17% surge in its stock price, leaving investors and analysts alike in awe. The rally comes on the heels of a tumultuous period for Nvidia shareholders. The stock had experienced a significant downturn, wiping out billions in market value. However, the recent rebound has been spectacular, propelling the company into the spotlight as a dominant force in the tech industry. What's driving this incredible resurgence? Several factors are likely contributing to Nvidia's meteoric rise. Primarily, the company is at the forefront of the AI revolution. Its high-performance graphics processing units (GPUs) have become the de facto standard for training complex AI models. As the demand for AI applications continues to explode across industries, from healthcare and finance to autonomous vehicles and gaming, Nvidia stands to benefit immensely. Investor sentiment has also played a crucial role. The recent dip in the stock price created a buying opportunity for many, with investors recognizing the long-term potential of Nvidia in the AI space. As the company prepares to release its earnings report at the end of the month, anticipation is building, and investors are positioning themselves for potentially strong results. It's important to note that Nvidia's performance has had a ripple effect on the broader market. The company has accounted for a significant portion of the S&P 500's gains during this period, highlighting its outsized influence. This has led to a more optimistic outlook among investors, as positive sentiment surrounding Nvidia has spread to other tech stocks. While the recent surge is undoubtedly impressive, it's essential to approach it with a degree of caution. The stock market is inherently volatile, and past performance is not indicative of future results. Investors must conduct thorough research and consider their risk tolerance before making any investment decisions. Looking ahead, market participants will continue to closely watch Nvidia's trajectory. The company's ability to maintain its technological leadership in the AI space and its capacity to capitalize on emerging opportunities will be key determinants of its future success. As the world becomes increasingly reliant on AI, Nvidia's role as a key player in this transformative industry is likely to solidify, making it a company worth keeping a close eye on.
NASDAQ:NVDA
by bryandowningqln
NVDA - Short Term Update - Resistance Zone IncomingFrom a short term perspective, NVDA may find significant resistance at the 117/118 level, and how it acts there will determine the coming months. What I want to see is a nice consolidation / falling wedge / falling channel from that zone to set up for more upside. If we fallback into the channel I've defined, then likely we see further downside, even if just a bit, and we'll watch the waves from an EWT perspective and determine what we do moving forward. Being an aggressive buyer back last Monday (black Monday?) was a good opportunity, especially long term. If you liked NVDA at $130, you should have loved it below $100. Certainly many scalping opportunities for the day traders, but wait for a quality setup and don't feel like you always have to be in a trade. Have a great day everyone!
NASDAQ:NVDALong
by bitdoctor
2
Final Retracement?I don't know whether this is final but we have reached the 78 % Fibo retracement level today. If there will be a rebound then it should be now. Intraday we've made part of the way already but there is a good chance to gain more as the way down has been a long one. The morning gap has been closed already but there is another to be closed at the 24th July. Perhaps it cannot be achieved as the resisting MAs lay immediately below it. Anyway, the direction has to be clearified now and an attempt to look for the upside seems to be likely.
NASDAQ:NVDALong
by motleifaul
NVDA - Have we found a BottomNVIDIA Corporation has been the darling of us stock traders for the last 12 months and we wanted to publish an idea to look at the technical analysis arguments of whether this is a good time to buy this stock at a discount. The first thing we are looking at, is the volume using Diddly Liquidity Zones and you can see here how on this one hour chart the indicator picked the end of the bull run on the 20th June 2024. Today is the first time since the start of the sell off that we have seen significant bullish activity. Although at this stage it is important to point out a couple of facts: 1. Newly created bull zone has not yet been confirmed. To be a confirmed bull zone, we will want to see price trading above this level for a period of time. 2. During the creation of the bull zone the indicator has printed a potential short term reversal signal (red triangle), which makes it even more important not to consider an entry until we see confirmation as mentioned in point 1 above. We also have a couple of trend lines from traditional technical analysis that are currently in play and we would want to see those broken and signifies the extent that we would want to see price trading above today's new created Bull Zone. Before considering getting back on the buy side during a retest of this zone. This has been annotated below. We also consider the "Diddly Real Volume Trend" indicator, which at the moment supports the idea that we could have found a bottom. On this 15 minute chart we are now making higher highs and higher lows. It is also important to consider other principles. Here on this daily chart, using the FIB discount pricing principles, we have certainly found buyers at these levels In a Perfect World With the AI stocks being so hot, the following maybe wishful thinking and is why it is important to trade what you see and not what you want. Our ideal buy price for this stock would be the between 90 and 75 dollars, where we have some strong levels to work with and a great risk reward potential. What Next? So for now we are waiting to see how price action plays out in the coming days. We will update this idea as price action evolves.
NASDAQ:NVDALong
by RobMinty
2