NVDA Bear Flag SetupPretty simple here, we have a bear flag setup after the monster 10% down day. Looks juicy to shortShort04:32by Mustangsvt281Updated 363679
Nvidia - Another push higher from here?Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Nvidia stock has been trading in a rising channel formation for a couple of years. We saw the last retest of support in the beginning of 2023 which was followed by an unbelievable rally of 625% towards the upside. At the moment Nvidia is retesting the upper resistance but we might see a retest of the psychological $1.000 level first and then a correction. -------- Keep your long term vision, Philip (BasicTrading)Long02:17by basictradingtv2227
📉 BEARS vs BULLS, Market Psychology, Basics & How To TradeThere are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish. Here we are going to be looking at the signals for the NVDA stock on both sides. Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the stock, Bitcoin and related markets became linked. Since people use the chips produced by this company in relation to Bitcoin (mining), when Bitcoin drops, the stock tends to drop. Nvidia has been on a very long growth trajectory and a correction can develop anytime. Growth can also continue. The chart here gives us signals... The chart is never right or wrong. The signals can't be right or wrong. It is data, information; a tool. We can use it in whatever way we think is good. While the chart can't be wrong, it is not the same for us, we can make mistakes. How successful we are making predictions will depend on the interpretation we give to these signals, let me give you an example: We have three weeks red here... (Keep reading the example after the signals below!) 👉 BEARS ➖ The highest volume happened in August 2023. ➖ The All-Time High session in March 2024 closed as an inverted Hammer; a strong bearish signal. ➖ There is a second Hammer candlestick pattern in March and both these hammers, inverted and standard, have less volume than the Aug. '23 session. This means that the bulls are losing strength (declining volume). ➖ Three consecutive weeks red. After seeing these initial bearish signals, going three weeks red support a bearish bias. This is the bearish potential of the chart revealed. 👉 BULLS ➖ NVIDIA is an massive uptrend. ➖ The RSI is strong but has been declining for almost a month (since March). ➖ Trading above EMA10. ➖ Very strong Cryptocurrency market. We have three weeks closing red but this does not mean that NVDA will necessarily continue lower but it is indeed a very bad signal when combined with those mentioned above. So even though we have this bearish signal, the truth is that Nvidia has been growing and it keeps on growing and it remains bullish with a strong RSI, high volume, etc. So, what to do? How to trade? Very easy: (1) If prices move below support, the bearish bias becomes stronger. (2) If prices move above resistance, the bullish bias becomes stronger. (3) When in between, the projection remains within the previous trend. (4) When in between, we can look for signals to spot if the asset will move with the bears or the bulls. We use the signals to plan our decisions. The decisions we make define our trades. If market conditions change, we adapt and also change. Namaste.by AlanSantanaUpdated 4447
Nvidia's on the clockIs it possible Nvidia can muster the strength to get my final higher target of $927? Possibly. But time is running out for the chip/GPU maker. A breach of the $880 level makes that highly unlikely, and that could be our initial sign we're now headed to the $700 area. Nonetheless, even if we do manage to get that OMH (One More High)...I still have price visiting the $700 area or lower. Best to all, Chrisby maikisch3313
NVDA 1600 this year possiblyI believe NVDA in 2024 is TSLA in 2020. I'm betting on this through SMH and NVDA. nfa - trace data shows possibilities. Longby sully3570
Nvidia Elliot Wave AnalysisNvidia on hourly candles respecting elliot impulse wave pattern for year 2024. Wave 2 was a classic 3 wave elliot correction wave pattern. This then breaks into wave 3 and is respecting a very tight channel upwards. Expecting 1000+, back to 900s, then price target of 1100+ post July. Heavy chop in wave 3 due to broader market uncertainties and pressures. This stock trades with higher volatilities than others with its market cap. Trade weeklies with caution. Good long if you're 1yr+ long or 6M+ long option calls. My personal take: Nvidia will be the world's first 10T dollar company by 2027 and will be the world's most powerful and sought after company. Their technologies will ensure continued world peace (including in taiwan) and will be an industry leader for the next quarter century. Only invest money you can afford to lose, not investment advice. Goodluck everyone. *disclaimer: I have a May 17 955C position. Longby JKOMOR117
Trend Definition: NVDA ExampleUptrend Rules Strong : Second closing candle above the high of the first breakout candle. Semi-strong : Price reaches above the high of the breakout candle at any point. Weak : The second candle post-breakout closes above the 34 EMA (high) of the breakout candle. Downtrend Rules Strong : Two consecutive candle closes below the 34 EMA (Low). This does not consider the relative levels of these closes, only that both are below the 34 EMA (Low). Semi-strong : Price drops below the low of the first breakdown candle at any point. Weak : A second candle closes below the low of the first breaking candle, establishing lower lows. Educationby cch31Updated 6
NVDIA Next pull-back will be the one to buy.NVDIA Corporation (NVDA) has been going exactly as planned since our latest update (February 16, see chart below) and looks very promising to hit the 1150 Target: On the shorter term, the 1D time-frame, we see one last buy opportunity arising for those who missed our earlier buy call. Based on the (-21.66%) symmetry of the current correction with that of August - October 2023, we expect NVDIA to make another pull-back below the 1D MA50 (blue trend-line), which should be its last before the new Bullish Leg of the Channel Up pattern begins. See how similar even the 1D RSI fractals are. Our Target remains $1150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot6650
Elliott Wave Expects New All Time High in Nvidia (NVDA)Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which completed wave (1) in higher degree. The stock then pullback in wave (2) with internal subdivision as a zigzag Elliott Wave structure. The stock has resumed higher in wave (3). Up from wave (2), wave ((i)) ended at 860 and dips in wave ((ii)) ended at 823. The stock then nested higher with wave (i) ended at 856.6 and pullback in wave (ii) ended at 832. Wave i of (iii) ended at 866.84 and dips in wave ii of (iii) ended at 859.17. Stock resumed higher in wave iii of (iii) towards 922.2 and pullback in wave iv of (iii) ended at 910.31. Expect the stock to extend higher 1 more leg to end wave v of (iii). Afterwards, it should pullback in wave (iv) to correct cycle from 5.2.2024 low before it resumes higher again. Near term, as far as pivot at 812.4 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast1
$NVDA: Climatic top for parabolic price action Immediate negative outlook for NASDAQ:NVDA with:- #1 the bearish engulfing candle, #2 accumulated volume hitting 1.9x standard deviation implying a climatic topping, #3 +4x standard deviation on the daily MACD and +5.3x standard deviation on the weekly MACD. Taken together, this looks like a climatic topping act NASDAQ:NVDA ion for a parabolic surge. Shortby WellTrainedMonkeyUpdated 996
NVIDIA Corporation, NASDAQ May, 2024 X Right Prices: NVIDIA Corporation, NASDAQ May, 2024 X Right Prices: This week new support = $922.10 $1,72.098 $1,087.09 $1,140.84 $1,168.34 $1,233.61 $1,251.38 Execution price: $1,286.92 Distribution price: $1,300.88Shortby Skill-Knowledge-Conduct0
NVDA closing above the bearish channelWhy the stock gained today? • NVDA is a good defensive stock to protect against high interest rates. • Competitor intel losing part of the market and disappointed Q2 forecast • AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week. NVDA is backed up after last week sell-off, could it last ? • NVDA broke the bearish channel today and importantly closed above which creates bull signal. • MAs: The stock was trading below major moving averages (MAs) on 1D chart last week, but NVDA finally closed above 20MA, 50MA, 9EMA today. • Volume: a good volume appeared after trading above 50MA, this could create a support for next week. Nevertheless, today's volume is still lower than last month. We need to see a bigger volume next week to create a bullish trend. • Performance: The stock gained 6.18% today and 15,14% this week which shows a strong rebound after last week. On a weekly-chart, the candle is inside last week candle, which shows that bulls don't have yet the control on. From now, we are not yet in a stable bullish trend, but today we crossed major resistance levels that can be used as supports for next week. Economic data and fed speaks will determine the stock direction. A greater volume is indeed important to maintain a bullish trend. Longby EmmaInvestsUpdated 339
Retest of 960 just in time for earnings??This chart analysis is a bit of mess, but the price action in the last 10 sessions leads me to believe that we will see around 960 by earnings. This would be a setup for another new high if the market likes the print. Options action around 900 middle of last week seemed to indicate a push higher. Having said that, I really don' know if the consolidation from the all time high has been long enough to support a big run over a 1000. Longby rdf1005
NVIDIA : ROAD TO $1K AND BEYOND- The Market registers higher highs and lows since October 2022 ; The long-term trend is therefore bullish. - Since 2024, and thanks to the AI frenzy, the market has accelerated from $480 to a new all-time high just below the $1000 zone. That sharp bullish impulsion that doubled the company's valuation and drove prices to uncharted territory has led investors to take some profits out. These exposure reallocation has driven the market into a bearish correction move in the shape of a flag pattern until $753 (38.2% Fibonacci). Since then, another bullish short-term rally took place as investors seized the occasion to buy the dip, leading prices back to the upper bound of their trend continuation bearish flag pattern. Both EMA remains in bullish configuration while the RSI indicator also validated a bullish break-out to come, now in buying zone. - Even if a clear signal from prices themselves is still to be seen, this is perceived as a bullish situation. Indeed, bearish flag patterns are some of the most reliable chart pattern in technical analysis. The current flag consolidation combined with all the bullish signals sent by technical indicators as well as the rebound over the 38.2% zone allow us to expect a bullish trend resurgence. New targets will be found towards $980/$1000 and beyond with $1,050, $1,115 and $1,215 as major technical resistances. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Longby ActivTrades3
NVDA to 1182$ ...!!NVDA has the potency to reach 1182!! Yes I think it will reach its target probably in less than a month will see by saeedthubaiti3325
NVidia over QQQ comparison with AAPLNVidia over QQQ comparison with AAPL. Is NVDA taking market cap from AAPL?by TradingviewM0
while inside channel long to mid rangeim bullish on this late in the day as long as we can remain inside the reversal trend. while above this area average ill be targeting the mean range highs.Longby cerealmarketUpdated 1
Meta Invest a Whooping $30 Billion in NVIDIA GPUsMeta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of advanced AI technologies. Meta's current AI activities focus on refining and training more advanced editions of their Llama-3 models, but the process is slow and time-consuming, justifying the necessity of the new GPU acquisition. Another 500,000 GPUs were acquired to result in a total of one million GPUs, which were used to optimize Meta's AI training operation. John Werner's comparison to the Apollo program in the summit session emphasizes the scale of Meta and its financial investment. To surpass the computational achievements of former space missions, Meta's investment is set to stretch the limits that AI could achieve in terms of speed, efficiency, and complexity of tasks processed. However, the AI industry still needs serious challenges in the supply and costs of required components such as GPUs. The demand for high-performance GPUs has risen, leading to an increase in prices and middlemen in distribution channels. Technological advancements in the scalability of learning algorithms that would be able to use multiple GPUs in parallel would reduce the cost and foster faster AI development, making AI more affordable and efficient. Meta's approach to AI development includes hardware procurement and using the enormous data produced over its platforms. This approach seeks to improve and broaden AI functionalities, which can enrich user experiences on social media platforms such as Instagram and WhatsApp. By becoming more central to Meta's product development and overall strategy, AI will change the influence and role of the tech giant in the technology sector.Longby DEXWireNews8
Nvidia-A bullish flag continuation pattern forming on the 4H TFAn excellent opportunity to make a quick buck in this scrip.Longby hamidshaikhsarmaaya1
NVIDIA :MICROItem Name: Nvidia *If you follow SEOVERIGN, you can get an alarm. *Boost gives SEOVERIGN the momentum to analyze more of the other stocks! Nice to meet you. SEOVERIGN - This is SeoVerign. Nvidia, which used to be called God, is falling. We found the starting point from the existing Nvidia falling point of view.Shortby SeoVereign3
$NVDA $650 by 6/1Welp.... say it ain't so... do what you want of course... I have this target by June 1st of this year. Refer to 22' Top.Shortby TazmanianTrader6
Nvidia Stock Drops 4.18% on Weak Forecast from AMDThe semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks Solutions. Let's delve into the details of AMD's forecast, its implications for Nvidia, and the broader semiconductor landscape. AMD's Disappointing Guidance: Despite meeting earnings expectations for the first quarter, AMD left investors wanting more with its revenue forecast. While the company raised its revenue target for the MI300 AI accelerator, it fell short of the market's ambitious expectations. Analysts had hoped for a more robust projection, aiming for figures closer to $4.5 billion to $5 billion. The disparity between AMD's forecast and market expectations triggered a significant sell-off, with AMD's stock plummeting over 9%. Nvidia's Response and Market Reaction: The impact of AMD's lackluster guidance extended beyond its own stock, as Nvidia, its primary competitor, also experienced a sharp decline. Nvidia, renowned for its dominance in the AI chip market, saw its stock retreat by approximately 5%. The correlation between the performance of these two tech titans underscores the intense rivalry and interdependence within the semiconductor space. Skyworks Solutions Caught in the Crossfire: Skyworks Solutions, a wireless-chip manufacturer heavily reliant on the smartphone market, faced its share of challenges amidst the semiconductor turbulence. Despite a modest beat in the March quarter, the company's guidance for the June quarter fell well below expectations. This disappointing forecast led to a staggering 15.4% drop in Skyworks stock, highlighting the vulnerability of companies exposed to rapidly evolving consumer trends. Broader Market Implications: The Philadelphia Semiconductor Index (SOX), a barometer of semiconductor performance, mirrored the turbulence witnessed by individual companies. The index, comprising the 30 largest semiconductor stocks in the U.S., slid by 3.9%, reflecting investor concerns about the industry's short-term outlook. The widespread sell-off underscores the sensitivity of the semiconductor market to company-specific forecasts and broader economic factors.by DEXWireNews4