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NVDAD trade ideas

NVDA - Wave 4 Complete? Let's Take A Look!Hey nerds! Alright, so here's the deal. In one of my previous updates, I discussed the 161.8% extension target which is the high probability target for a wave 3 and we hit it basically perfectly. Now that we've hit that target, mixed with channel resistance, I would have expected price action to pull back, which it did. The pullback target for wave 4 (at the 38.2% internal retracement) was about $118 and after earnings, NVDA went below that. Not trading advice, but I was a buyer down there in after hours. Price action yesterday was bullish at the open with a big gap up but was met with heavy selling. There were lots of options traders holding calls and if you don't know what you're doing, you probably will be holding worthless options today. Trading options on earnings is a tricky thing to do if you don't know what you're doing, so be careful! Now that we're here, I can say my target for NVDA is roughly $140, as long as we can stay above the $117/$118 level in the coming days, especially today. Continued support there will be important for a wave 5 move. September is typically bearish but not always. It may not get really bearish until after OpEx later in September, but I've seen labor day sell-offs in the past. One day at a time. Be methodical. Have patience. Don't overleverage yourself.
NASDAQ:NVDALong
by bitdoctor
NVIDIA: As growth slows, Market will correct evaluation of AINVIDIA continues to announce reports of a growing business, but this growth's velocity is slowing down. The chip designer has reached peak interest on the financial market both in institutional and private investors, for which the buy-back plans of NVIDIA might be the only remaining driver of evaluation. The delay of Blackwell will lead to a stall of growth for the whole business, as data centers establishing new circuits for AI business rather pre-order the newest generation of chips and wait out their expansion than make do with the current set - after all, this hardware is supposed to run for years and rushing it won't help the bottom line when customers asked for most efficient and most recent cutting-edge hardware. Known problems with generative AI aside, resistance against training AI with the internet is moving forward. X, formerly Twitter, excluded web access to it's data treasure ever since Elon Musk took over, and other websites are to follow. Internet service providers and web services announce a significant rise of traffic and requests - according to their own identification: AI training bots scraping the internet for training data. The problem: these bots aggressively scrape even for pages the web service providers don't want any bots to see. Google established the standard of putting a simple text file called robots.txt with a list of pages you don't want in the index up onto the top of your website. The new AI training and scraping bots ignore this text file and violate the privacy and consent of service and content providers. So what began with Elon Musks attempt to make a profitable business out of the internet's once most favored website, is now becoming a movement in size similar to the movement of blocking ads. Large content providers will take measure against illegitimate scraping or AI bots themselves, so the largest database of training data will soon vanish away from sight if AI bot engineers won't pick up the fight against measures counterfeiting their product. To see how the fight might end, one can refer to the war against Ad Blockers, which is in a similar bind of endless fights. Google, the most dependent business on advertising, would rather have them out sooner than later, and even manipulates the most favorized browser in the world to render ad blockers ineffective. However, any measures taken by Google to counterfeit the users' legitimate measures to select the content they want to see as well as protecting their computer from malicious intent lead to Ad Blockers coming out even stronger in their function, ending Google partially giving up the fight. For AI, training with the applied and collective knowledge of the internet could become much more expensive as important content providers such as Stack Overflow, a large Q&A solutions database for engineers, might want to cash in on the AI industry early-on. In general, the quality of future AI models is not only endangered by a degression of quality (by ingesting AI results and being unable to tell the difference) but also by a degression of free access. The AI expansion in the industry is underway, but as the generative nature of it, with all its disadvantages, as well as upcoming difficulties, whether in court or in the web, putting brakes on the growth of the industry, AI products might take longer to establish. AI systems in its current generation are limited to assisting in service; they're unable to creative or critical thinking and make the best impression on people who are easily impressed and lack of deeper understanding of what the AI generates. For a finished product of high quality, manual improvements and, in general, humans assisting the process are required. Purely AI-generated products directly distributed, due to common availability of the technology, already give the impression of being cheap, untrustworthy and probably something the internet generated, according to surveys of analysts in the public communications and marketing sector. The generative nature of AI products works well in products relying on repetition and a low intellectual approach, such as production of pop songs or any other action movie, but will come to show negatively on everything requiring deeper thought, such as the creation of tailored software solutions. For the present, as long as AI is only the generative machine deriving a remix of everything humans once wrote down, AI will remain more to be an Assisting Intelligence rather than being Artificial Intelligence.
NASDAQ:NVDAShort
by Johnny_TV
$112 is a possibility for NVIDIA$112 is a possibility for NVIDIA Nvidia announced impressive earnings that exceeded market expectations. The company reported a 122% year-over-year revenue growth, bringing in $30 billion for Q2, with earnings per share (EPS) of $0.68, surpassing the forecast of $0.65. Despite these strong results, the guidance for Q3 disappointed investors. Nvidia projected a revenue of $32 billion for the next quarter, which fell short of investor expectations. As a result, investors reacted by selling off Nvidia shares, causing the stock price to drop by 8% in after-hours trading. I am looking at Nvidia reversing to around $112 which is close to FIB50
NASDAQ:NVDAShort
by ForexClinik
NVDA Bear/Bull tomorrow 8/20/2024NVIDIA (NVDA) recently reported strong earnings for Q2 2024, achieving record revenues of $30.0 billion, up 122% year-over-year. Despite these impressive figures, the stock has faced significant volatility, reflecting a complex market reaction that has disappointed many investors. Market Reaction and NVDA's Position: Price Action: After the earnings report, NVDA experienced a notable drop, which suggests that while the financial results were robust, the market may have priced in high expectations. The stock's decline indicates that traders might have been looking for even more optimistic guidance or perhaps were cautious due to the broader market environment. Trend and Technical Analysis: On the 1-hour chart, NVDA shows a clear downtrend, marked by lower highs and lower lows. The stock has fallen below key support levels, with $123.09 and $118.15 being critical points to watch. The current price action suggests a bearish sentiment in the short term, with the possibility of further downside if it breaches the next support at $114.94. Support and Resistance: The upper resistance around $136.20 and $131.26 could serve as significant hurdles if NVDA attempts a recovery. If the stock continues to struggle below these levels, it may indicate persistent selling pressure. Volume and Momentum: The declining momentum and trading volume further confirm the bearish outlook. If the stock does not find support at the current levels, it could test lower supports, with $97.16 and $90.78 as possible targets. *Despite the recent decline, NVDA remains a leader in the tech sector, especially in AI and data centers. The long-term growth potential is still intact, and the current dip could present a buying opportunity for those with a long-term horizon. *For short-term traders, it's essential to be cautious due to the stock's volatility. The upcoming long weekend (Labor Day) could lead to lower liquidity, which might exacerbate price swings. It's advisable to set strict stop-loss orders and be mindful of potential market gaps when trading resumes after the holiday. Overall, while the short-term outlook for NVDA seems challenging, the company's strong fundamentals and leadership position in key growth areas like AI suggest that the current pullback could be a temporary reaction, offering opportunities for disciplined traders.
NASDAQ:NVDA
by BullBearInsights
2
$NVDA - This is what I thinkNASDAQ:NVDA I bought a small starter position today, even though I mentioned that the ideal entry would be around the $95 area. I know, I committed a sin. Instead of waiting for it to come to me, I caught it in midair. 😂 Hopefully, the stock gods can find it in their hearts to forgive me. Anyway, I’m watching the VWAP and trendline closely for a potential reversal. On the other hand, if it breaks out from that broadening wedge, it could head to the $154 area. With a $50 billion buyback in play, I don’t think it will get to the $95 area unless the macro environment deteriorates. Targets: $130 $140 $154 Supports: $117 $109 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NASDAQ:NVDALong
by PaperBozz
NVIDIA to $180Overview It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022. When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability. Technicals NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115. I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns. I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
NASDAQ:NVDALong
by Shepherd_Investor
6
$NVDA Bull Pennant or Bear Pennant in Disguise?NASDAQ:NVDA This market is on AI "crack" and "hopium", disconnected from the reality of a declining labor market, ATH personal credit card defaults, and declining consumers who can't even afford to shop at the dollar general anymore. Let's see how this crowded trade plays out. 1) Will China invade Taiwan and take NVDA down? 2) Will November elections prove to be the lynchpin for a bear market? 3) Will the FED just fire up the printer and BRRRRRRRRRR all the problems away with QE. 4) Will Buffet go ALL IN on NASDAQ:NVDA and drag retail traders along (LOL!). Stay tuned!!! NOTE: Not Trading or Investment Advice.
NASDAQ:NVDA
by tantamount
2
$NVDA after earnings insights #NVDA has been a hot topic with the recent tech boom. This stock has recently seen several earnings reports of massive growth over the last few quarters and this earnings session was no different in my opinion. NVDA beat on every category and initiated a stock buy back! i think the market was just expecting more and the sell off will be temporary. In this video I breakdown my outlook on NVDA and set expectations moving forward. i think we need to give it some room to work but there is opportunity. Im overall bullish on NVDA but i have a bearish back up plan going into September. Stay tuned for how we will probably end up making money both ways on this stock.
NASDAQ:NVDALong
by Mustangsvt281
6
NVDA has good measured potential above last week's highs.NASDAQ:NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.
NASDAQ:NVDALong
by DMT_Doctor
4