Nvidia updateNvidia is this a right time to invest or more down fall to come?according to my view more decisions will be taken next week after U.S rate cut but if you already took your buys,it's up to you if you can hold it or wait choice is yours but expect more upside move to come.Longby mulaudzimpho4
NVDA next possible buy spotNASDAQ:NVDA stock oversold, bounced off the 0.236 level and has been respecting the green lines in my chart so my next guess is that it'll go to 118 - 120 and then will come back down and back up eventually breaking out.Longby pythonnnnUpdated 1119
Wyckoff VSA and SMI for NQ futures and 60 minute NVIDIA ChartIn this short video, taken after we did our live trading room session, Author and Trader, Gavin Holmes shared two charts showing how to recognise professional buying followed by testing then weakness appearing in other markets. The video demonstrates the importance of identifying the fluctuation of price based on, Supply and Demand, Cause and Effect, Effort vs Result and Price and Volume analysis. 16:34by gavinh102773
NVDA Swing Long TradenVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels. At the moment, we are still trending upwards on the longer term, with a large base / liquidity zone at my buy targets between $65-$75. There are several levels of confluence that I have for this trade: 1) Liquidity zone located at the pivot low of $75. I would look for a swing failure pattern here. 2) Gap zone from $66/$68 would be nice to fill and bounce from. 3) Trend based fib extension from the low at $91 and then swing high at $131 at the 0.618 would bring us exactly to the point of liquidity marked at $75. 4) I would like to see Bullish CVD and divergences at these prices as another confirmation to take a swing long trade. My analysis is based strictly off the technical's on the charts, and there wont be much updates here unless the alert is triggered at $75. Only time will tell!Longby afurs1Updated 1114
Are we headed to an incremental new high?With Nvidia breaking tp the upside of the target box for circle-b, that means if we continue to follow through in the Minor B wave, as I am forecasting, we stand an excellent chance to making new all-time highs on a very marginal basis . Nonetheless, this will still be part of the overall primary degree correction that Nvidia is involved in. Read my last post of Nvidia to see the previous target box Larger Timeframe Analysis Showing Primary Degree Correction by maikisch8
NVDA Covered callI bought shares low. Now, I'll be happy to sell them high. 1%+ on covered call prem at/near resistance. :-) Longby Reallifetrading3
Trade 1: NVDA, long, Entry: 117.36, Stop: 115.40, Timeframe: dai**Trade Type:** long **Ticker:** NVDA **Entry Price:** 117.36 **Stop Loss:** 115.40 **Take Profit 1:** 120.43 **Take Profit 2:** **Risk/Reward Ratio:** 1.58 **Timeframe:** dailyby shayy1101
NVDA a buy over $105 breaking downtrend to upsideFirst target is $115 second $119. Major support at $97 downtrend break at $105Longby ShortSeller76Updated 6
Nvidia (NVDA) Shares Surge Over 8%Nvidia (NVDA) Shares Surge Over 8% According to the Nvidia (NVDA) stock chart, yesterday’s closing price was just below $117, compared to just over $108 the day before. The positive momentum was largely driven by the stock market’s reaction to inflation news, as mentioned earlier. For Nvidia investors, this is a clear sign that the stock is regaining its leadership position, a success attributed to CEO Jensen Huang. As Barron’s reports, at the Goldman Sachs conference in San Francisco, Huang discussed the launch of the new Blackwell chip and the return on investment for Nvidia’s clients. He mentioned that demand is so high that some companies Nvidia works with have become "emotional." Technical analysis of Nvidia's (NVDA) stock chart shows the price forming an ascending linear regression channel (shown in blue), rebounding from its lower boundary. However, bulls will need to prove their strength, as a series of resistance levels lie ahead: → The bearish gap zone around $117. → The psychological level of $130. → The upper boundary of the descending channel (shown in red). If the Federal Reserve cuts rates next week and Powell’s comments are dovish, Nvidia’s stock could break through this resistance and continue its impressive 2024 rally, which saw the price increase by around 150% in the first half of the year. Analyst forecasts remain optimistic. According to a Tipranks survey of 42 analysts, 39 recommend buying NVDA stock, with an average price target of $153.24 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen3328
NVDA: Sell ideaOn NVDA we would have a high probability of seeing the market go downward over a time unit of 15 minutes because, as you can see on the graph we are in an overbought zone with a succession of numerous green candles accompanied by large green volumes. But let's be careful, the market is unpredictable.Shortby PAZINI1911
NVDA - Failed reentry of channel - Big dump in the cards ?NVDA broke out of it's uptrend channel. After a failed reentry of the channel, it's now hanging in no-mans land. The longer it stays there, the greater the chances of a big dump. See my earlier posts for possible targets in case of a dump.Shortby mi_khan6614
NVDA rallied today with consistent strong volumeAfter a good cpi report NVDA rallied with momentum giving clues of more rallying to come Rally stayed under resistance level which indicates for a sustained rally Volume increased and remained steady during rally RSI broke above 50 going into bullish zone. Hopefully SMA will follow NVDA has started to form long term downward trend that began back in July. We need to watch out for this zone as a take profit area Overall we expect the rally to continue.Longby ratchet-mint5
NVDA Butterfly pattern price target towards $154NASDAQ:NVDA If this bounce from 100ish holds and starts moving higher, the butterfly pattern has a potential for a move to 154 level in couple of months by Next earningsLongby charts_sniper7
### NVDA Analysis: Clear Ascending Channel Since October 2022###📈 **NVIDIA (NVDA) in a Clear Ascending Channel** Since October 2022, NVIDIA's stock has been exhibiting a well-defined ascending channel. This bullish movement has been driven by several factors, including the increasing demand for its products in the artificial intelligence and gaming sectors, as well as its strong position in the semiconductor market. 🔍 **Technical Analysis:** - **Support and Resistance:** The ascending channel has formed with clear support and resistance lines that have been respected multiple times, indicating the strength of the trend. - **Indicators:** Technical indicators such as RSI and moving averages suggest that the stock remains in an upward trend, although it’s important to watch for potential pullbacks. 📊 **Future Outlook:** If NVDA continues to respect the channel, we could see further growth potential in the short to medium term. However, it’s crucial to monitor trading volume and any relevant news that may impact the price. 💬 **Conclusion:** NVDA is currently in a clear ascending channel, suggesting that investors should look for buying opportunities on pullbacks towards the channel's support line. What are your thoughts? Do you believe NVDA will continue its upward trajectory? Longby jhaynsf119
NVDA is now a buy againNVDA has tapped into the demand zone that i marked out and as mentioned in my earlier post, I was waiting for the LTF structure to shift bullish ( also marked out ). We had the shift and I got into a buy in the 1h timeframe. Now we should at least go up to $131 and even possibly a new High. Longby willisloyefx115
NVIDIA Contraction Continues- NVDA Breakout PendingNVDA remains in a massive consolidation pattern just below the record highs. Initial resistance eyed at 119.68 backed by a more significant technical confluence at 126.02/46 (61.8% extension of the August rally / August high-day close). Look for a larger reaction there IF reached with a close above needed to fuel the next leg towards 130.78 and the 100% extension at 141.52 . Key support remains unchanged at the 61.8% retracement of the April rally / August low-day close at 100.45/49 . A break below this threshold would be needed to suggest a more significant high was registered in June and shift the focus back towards a test of the 200DMA (currently ~90). Battle lines drawn . . . Michael Boutros @MBForex by FOREXcom7
NVDA oversold - I triple dog dare you to bet against AIFull disclosure, I'm not taking this trade. Don't get me wrong, I LOVE it. NVDA has a great reecent track record when short-term oversold as the arrows indicate. I just have my max # of positions and I won't overextend even for NVDA. I don't imagine this pullback is done. But there has been no such thing as as a bad time to buy NVDA in the last several years, looking back now. I suspect strongly that not long after the Fed announcement, this will be overbought and profitable. This is one that if I were to buy it, I wouldn't have a minute of worry, much less lose sleep if I had to hold it for a long time to wait for it to become profitable. We are in the VERY early innings of an AI revolution. I believe this technology is as transformational as the silicon chip or the internet were, and NVDA would be as close to a core holding in that regard as there is. I have no skin in this game currently, and this is simply one man's musings on a good time to enter for a short term trade. I may need a reminder to keep this on my radar since I'm not actively trading it, so feel free to comment to ask for updates if you're interested. This is for the purposes of financial edutainment. This isn't investment advice and you should always do your own due diligence before entering a trade. Longby redwingcoachUpdated 4545104
Nvidia - A Correction Of -50% Is Starting!Nvidia ( NASDAQ:NVDA ) is reversing at a strong resistance: Click chart above to see the detailed analysis👆🏻 Last month Nvidia already corrected about -35% but managed to close with an indecision doji candle. However, previous cycles, the recent rally of +1.000% and the fact that Nvidia is retesting a strong resistance trendline all suggest that Nvidia will still move much lower soon. Levels to watch: $100, $55 Keep your long term vision, Philip (BasicTrading)Short04:29by basictradingtvUpdated 272799
NVDA - One More Bounce Before Potential Drop!I’m anticipating a bounce on NASDAQ:NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s. This is a critical juncture for me, so I’m opting to capitalize on the opportunity now. The trade is set for this week. Longby ZelfTradeUpdated 9
Nvidia Stock Analysis: A Rally Amid Divergence & Strategic MovesNvidia (NASDAQ: NASDAQ:NVDA ) stock has seen notable volatility recently, rallying 6.6% despite mixed performances from its peers in the so-called "Magnificent Seven" stocks, which include Apple, Microsoft, Google, Amazon, Meta, and Tesla. These tech giants dominated the market in 2023, but the third quarter of 2024 has seen divergent returns and significant selling pressure, causing a rebound in Nvidia's stock after hitting early August lows. Nvidia’s influence on the Nasdaq Composite and S&P 500 indexes is considerable due to its large market cap. The stock’s current performance and future prospects are under the microscope of investors and analysts alike, as Nvidia continues to navigate both technical and fundamental factors that could shape its near-term trajectory. Beating Estimates and Strategic Advances Nvidia (NASDAQ: NASDAQ:NVDA ) recently beat Wall Street’s estimates for its fiscal second quarter, reporting adjusted earnings of 68 cents per share on sales of $30.04 billion. This was well above analyst expectations of 65 cents per share on sales of $28.74 billion. The company’s earnings soared 152% year-over-year, while revenue jumped 122%, showcasing the strength of Nvidia’s business amid the growing demand for AI and high-performance computing chips. Additionally, the U.S. government is reportedly considering allowing Nvidia to export advanced chips to Saudi Arabia, potentially enabling the country to train and run powerful AI models. This move, reported by Semafor, would further bolster Nvidia's sales pipeline and extend its reach in the global AI market. Saudi Arabia is making efforts to comply with U.S. security requirements to expedite the acquisition of Nvidia's advanced H200 chips, which are already being used in OpenAI’s GPT-4o, a cutting-edge multimodal platform. The Biden administration’s recent restrictions on AI chip exports, aimed at limiting China's access, have opened strategic opportunities for Nvidia to expand in Middle Eastern markets like Saudi Arabia, provided these nations comply with U.S. regulations. Technical Outlook Technically, Nvidia stock (NASDAQ: NASDAQ:NVDA ) is showing resilience. Despite the recent dips, NASDAQ:NVDA has rebounded 6.22%, currently attempting to rise from the August low of $90.76. This recovery is supported by the Relative Strength Index (RSI), which stands at a healthy 54.98, indicating the stock is not in overbought territory and has room to rally. Nvidia’s stock is trading above key moving averages, including the 50-day, 100-day, and 200-day moving averages, reinforcing its bullish outlook. The ability to maintain these levels despite recent market turbulence underscores Nvidia's strong market positioning. The stock’s 10-for-1 split, which took effect in June, has not dampened investor enthusiasm, as NASDAQ:NVDA continues to attract buyers looking to capitalize on its ongoing leadership in the AI and semiconductor industries. What’s Next for Nvidia? Nvidia’s future appears bright, driven by robust earnings, strategic market opportunities, and technical strength. However, investors should remain vigilant of potential risks, including regulatory challenges and broader market volatility that could impact the stock’s short-term performance. With U.S. authorities closely monitoring AI chip exports, any changes in policy could affect Nvidia’s international growth prospects. Investors should also keep an eye on Nvidia’s ongoing innovations in AI, gaming, and cloud computing sectors, which continue to drive revenue growth and market leadership. As the company looks to capitalize on emerging technologies and new markets, Nvidia's stock is positioned to benefit from both fundamental and technical tailwinds. Conclusion: Nvidia’s impressive rally and resilient stock performance amid market fluctuations underscore its dual strength in fundamentals and technical. The company’s ability to beat earnings expectations, navigate geopolitical complexities, and maintain key support levels highlights Nvidia as a standout in the tech sector. For investors seeking exposure to a leader in AI and high-performance computing, Nvidia remains a compelling choice with the potential for continued gains.Longby DEXWireNews5
Top 5 Weekly Trade Ideas #1 - NVDA Gap Fill ShortNice move back up today after the morning drop for NVDA and all of NQ. NVDA may come all the way back up to 118-119 to fill the gap from last week. I'd expect a failure there and will be looking for puts targeting the trendline below along with 110-109.Shortby AdvancedPlays3
Trading is reactive not predictiveWe can all come up with a map and idea about where price can go to. As a day trader, for me, it’s more important to know the levels of resistance and support and use them for your trades. This is on a weekly chart. Lower time frames look bullish but when you zoom out you may be able to see the whole picture. Nvidia resistance 112-114 area. Support 101. Remember to close your trades and TAKE PROFIT. Shortby angeloquintana7