NVDIA Why buying in December is an excellent strategy.NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while.
The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line).
On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg.
As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started.
As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer.
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Nvdasignals
Cautious optimism to give way to December decline for NVDA
The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see:
Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology.
Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year.
Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand.
The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory.
With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NVIDIA’s Next Move: Ready to Rally or Slip Lower?Good morning, trading family!
Let’s take a simple look at NVIDIA (NVDA) and where it might be headed from here. We’re at an important crossroads, so here’s what we’re watching:
If NVDA Moves Higher:
If NVDA can hold its current position, it has room to drive up into the $150 range. This could signal that buyers are stepping in and momentum is building for a rally.
If NVDA Moves Lower:
A drop could take us to the following key levels:
$144: First potential stop for support.
$138–$137: A zone where buyers might try to step in.
$132: A deeper pullback that could see some consolidation.
$129 and $120: These are lower support areas to watch if selling pressure continues.
How to Approach This:
Mark These Levels: Add them to your chart for reference.
Wait for Confirmation: Don’t rush in—see how NVDA reacts at each level.
Trade What You See: Let the price action guide you, not your emotions.
We’re at a moment where NVDA could make a strong move in either direction. Keep it simple, stay patient, and watch the levels.
Let’s make it a great trading day!
Mindbloome Trading // Kris
NVDA Set to Make Waves: Big Levels Ahead!Update:
Good morning, trading family. Here to break this down nice and easy for you. Let’s ride the NVDA waves together:
1️⃣ First scenario: NVDA climbs to $154–$156. From there, it could either break higher or pull back to $150, maybe lower. Watch for a bounce if it dips.
2️⃣ Second scenario: A move to $168 is on the table, but expect a pullback to $164 before the next push higher. If the pullback goes deeper, it’s just a chance to reset.
3️⃣ Third scenario: If NVDA powers through all those levels, $179 is next, with a potential correction back to $168 along the way.
Mindbloome Trading/ Kris
Trade What You See
NVIDIA on the Move: Key Levels to Watch! NVIDIA’s setting up for some action: we’re looking at a run to $143.60, but if we break through, we could be cruising up to the $150–$153 range! On the flip side, if we slip below $129.72, brace yourself—$117 could be on deck. Let’s keep it simple and see how it plays out!"
Easy Breakdown for the Trade
Current Target: $143.60
Right now, NVIDIA’s aiming at $143.60. If buyers keep stepping in, this is the first level we’re likely to hit. Think of it as the “first checkpoint” for our bullish move.
The Bullish Range: $150–$153
Breaking past $143.60 could open up a fresh wave of momentum. If we get through this level with some energy, then NVIDIA could quickly head up to the $150–$153 range. This is the zone where we’d see if buyers are still strong, so keep it on your radar if we reach it.
Critical Support at $129.72
Now, here’s the key to the downside. $129.72 is the level holding NVIDIA up right now. If we lose this support, it’s a signal that sellers have taken control. This could mean a strong dip is in the works.
Downside Target: $117
If we break $129.72, the next realistic target to the downside is $117. It’s a significant drop, but definitely within range if support doesn’t hold.
Trading Tip
Mark your levels and watch for those breaks! $143.60 is our short-term target, and if we clear it, we’re looking up to $150–$153. But if NVIDIA slips below $129.72, $117 becomes a real possibility. Keep it flexible, and trade the levels!
Mindbloome Trading / Kris
Mindbloome Exchange
NVDA Weekly to Four Hour In Depth Analysis Where Are We Going Good evening Traders
So in this video I go into the weekly and down to the four hour and 30 minute identifying key levels to look out for and where the market is going.
Currently where we are I really thought we were going to have a shorter correction and punch back up but hey I dont assume and I only trade what the market gives me.
What is currently happening is if we can break and close above 140.65 to me that would be a great entry for this bull run up to 150's
However we can correct back into the zone of 138.40 and then go back into the full bull swing of things
And Lastly we are sinking further to the 129.64 level looking for a entry on another bull run up, if we break lower then I dont know what to tell you other than our bull run maybe over ???
If you like the video: please share, boost, and follow or comment: give me feedback on what you currently see and why.
Hope you have a great day trading
Mindbloome Trading
Trade What You See
NVDA Great ROI Trade To 150 Good morning Trading Family
The market corrected a bit deeper than expected however we got a correction lol
We have a great bullish opportunity from the 139.80 level to enter in so we go to the levels of 150 possibly beyond
I give you my reasoning on what I see and why
Mindbloome Trading
Trade What You See
NVDA – Ride to 146 or Wipeout at 137?Alright, folks, here’s the deal. NVDA is balancing on the edge—either we ride the wave up to 145-146, or the market drags us back to 137-138 for a reset. This is that make-or-break moment where bulls need to paddle hard or risk missing the set.
Key Levels:
Support: 137-138 (black box) – Lose this, and it’s back to the lineup.
Target: 145-146 (orange zone) – Bulls need to hit this to stay in control.
It’s all about how price moves in these channels—either we push higher, or we take a quick dip before the next chance comes.
What do you think—are we riding this wave or catching some chop? Let me know below.
MB Trader
Ride the wave
Nvidia's Stellar Surge: A Reflection of AI's AscendanceNvidia's meteoric rise in recent months is a testament to the burgeoning artificial intelligence (AI) revolution. As tech giants race to integrate AI into their products and services, the demand for Nvidia's high-performance computing chips has skyrocketed. The company's stock has surged by an impressive 25% in the past month alone, and it's on the brink of breaking its all-time high.
Nvidia's dominance in the AI hardware market can be attributed to its cutting-edge graphics processing units (GPUs), which are ideally suited for the complex computations involved in AI tasks. These chips have proven to be indispensable for training and deploying large-scale AI models, such as those used in natural language processing, computer vision, and generative AI.
As tech earnings season approaches, investors are closely watching Nvidia's performance. The company's financial results will provide valuable insights into the strength of demand for its products and the overall health of the AI market. Analysts are anticipating a strong earnings report, fueled by continued growth in data center sales and increasing adoption of Nvidia's AI solutions.
One of the primary drivers of Nvidia's success has been the accelerated development of AI technologies by leading tech companies. Meta, Alphabet, Microsoft, Oracle, and OpenAI, among others, have been investing heavily in AI research and development. These companies are racing to introduce new AI-powered products and services, such as chatbots, virtual assistants, and generative AI tools. To support these initiatives, they require powerful hardware infrastructure, including Nvidia's GPUs.
The growing demand for AI chips has created a significant opportunity for Nvidia. The company has been expanding its manufacturing capacity and investing in research and development to maintain its technological edge. Additionally, Nvidia has been exploring new markets, such as autonomous vehicles and healthcare, where AI is expected to play a crucial role.
While Nvidia's future prospects appear promising, it's essential to acknowledge the potential risks and challenges that could impact the company's growth. These include intense competition from other chip manufacturers, fluctuations in the global semiconductor market, and the possibility of regulatory hurdles related to AI development.
Despite these risks, Nvidia's strong market position and the increasing importance of AI suggest that the company is well-positioned to capitalize on the ongoing technological revolution. As AI continues to transform industries and society as a whole, Nvidia's high-performance computing chips are likely to remain a critical component of the AI ecosystem.
#NVDA: Is price going to hit 200-210? Let's wait and seeDear Traders,
First of all, we are mainly looking at the technical and we make decision on what we see on the chart. That is why in our view, behaviour of the price has shown us that there is possibility of swing buy coming and it can be one of the big buying opportunity/investing opportunity. Please this is no guarantee and do your own research before taking any entries.
Nividia How HIGH ARE WE GOING; 135 is on the horizon Good morning Traders
Hope you got your tea and coffee ready I recorded a long video for you to give you the scoop from 4 hour all the the way to 30 minute
First in store we continued with our wave counting: which we always love :)
Second did some projections from our four hour and 30 minute time frame going up
Third we put on a pitchfork to wrap it up like a present
and for a bonus I threw in where we might expect time wise to hit these levels
Enjoy
If you have any feedback on what you like , what you want to learn more about or even what you dont like post it below.
My simple goal is if I can make better videos for you which helps you become a better trader
Happy Hunting for those trades
MB Trader
Yahoo
NVDA: 4 hour-30 Min HOW Deep Will We Correct ? Happy Weekend Traders
I made a quick video for you in the relation NVDA
I can see the following scenarios playing out so keep your eyes peeled on these levels:
1) From 120.56 we hold and go up
2) We go down to the 61.8 percent retracement @ 118.45 hold here and go up
3) We go down to 112.88 where we can sky rocket back up from here or start breaking further South
If you have any questions, comments let me know. I will be doing a few training videos on the different tools I use to see the market with if your interested let me know
MB Trader
Happy Hunting
NVDA MICRO ANALYSIS TO LOOK FOR ON WHERE WE ARE GOING Good evening traders,
It's super late here; however, I wanted to inform you of some levels with this video to give you the information needed to make a better trade.
Based on what I see, we can do the following:
-Correct up to the middle pitchfork area and head back down.
-Correct up to the 50%, 61.8%, or 78.2% fib line and back down.
-Break all those levels up and keep going to 145.
Let me know what you think of the video: questions, comments, what you liked, didn't like—let me know in the comments below.
Happy hunting,
MB Trader
NVDIA Is this -35% correction enough to be a buy opportunity?NVIDIA Corporation (NVDA) completed a -35% decline from its top on Monday's Low and after a short rebound, it's consolidating. Even though this is the strongest correction it had since the late 2022 market bottom and it almost touched the bottom of the long-term Channel Up that started in October 2022, there might be room for some more downside before the next long-term Bullish Leg.
It is important also to note that the 1D MA200 (orange trend-line) is still intact as the 20-month Support and the 1D RSI broke the 35.00 level (almost oversold) on Monday. All the above suggest that NVDIA hit a new long-term buy level/ Support.
The Bullish Divergence though on its 1D RSI (Higher Lows against the price's Lower Lows) may indicate the opposite than it normally does. The reason is purely on NVDIA's last such pattern, which basically led to the October 13 2022 bottom.
As you can see, that correction continued the price's Lower Lows despite the ongoing RSI Higher Lows, until it completed a -44% correction. That suggest that there might be room for another -9% decline before the stock breaks above its 1D MA50 (blue trend-line) and starts the new Bullish Leg for good. Of course if it breaks above it earlier, then this pattern projection is invalidated.
As a result, it is recommended to buy the current bottom so that we won't miss on a potential upside by breaking above the 1D MA50 earlier but at the same time reserve some cash for the possibility of a -44% decline around the $80.00 level. In both cases, we will set a $190.00 Target (horizon before end 2024), which is a 2.0 Fibonacci extension from the current bottom.
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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.
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NVDA's White Support Line for a Potential Rebound Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum has been bearish. For now NVDA is near a white support line and bulls are looking for a rebound here so that NVDA has some upside for day 2 of the GTC event.
NVIDIA - Has the bubble been burst?After the sharp drop that NVIDIA had on Friday, what consequences can we observe?
Has the bubble been burst? Are we going to attend strong corrective phases?
Following the line with the price at maximums on February 12 and 23, we can see that when it reached that resistance line last Friday, the price fell sharply.
Since then it has moved laterally, above the support of the 823 zone.
I think this is not a figure of exhaustion, but a stop and a lateral movement.
Microsoft started the sideways move before NVIDIA, and has been eating up time without hurting the price level.
For me, the trend is still bullish.
Guys, what do you think? Leave a comment with your thoughts.
NVDA Reaches Key $940 Resistance, Monitor for Strong RejectionAfter NASDAQ:NVDA managed to beat extremely high earnings expectations, I made a post-earnings analysis video discussing how NVDA has the potential to reach this strong resistance level around $940. Just a few short weeks later and NVDA has already risen to this price target. I think this will be extremely strong resistance, and I have concerns that NVDA could have a strong rejection and pullback here. The Magnificent 7 is quickly deteriorating with AAPL, GOOGL, and TSLA already showing a lot of weakness. I think if NVDA starts a strong downtrend here this could spell a lot of trouble for the U.S. stock market.
I gave an important NASDAQ:NVDA update about NVDA approaching a key resistance target. This yellow trendline is sloped upwards and increases over time. I said $920s as my price target earlier and in previous updates. There has been a slight increase to $940-942. This will be an extremely important price target to monitor for NVDA and the U.S. stock market.
The RSI is overbought and the conditions are good for a pullback. For the record, I have not been shorting NVDA and I think shorting NVDA has been a bad idea throughout this bullish rally. However, this strong resistance level is an interesting price target for me to consider shorting.