Covered call on NVDAI bought more shares here! :-)
Selling the $132 for 1% for 10/25 expiration! =-)
I WOULD LOVE to sell at $132 and pay taxes on more money.
NVDA trade ideas
NVDA - Weekly Fall PotentialNASDAQ:NVDA ’s stock has been on a meteoric rise, fueled by the growing demand for AI technology and high-performance computing solutions. However, recent market behavior and technical analysis suggest that a significant pullback may be imminent. The company’s recent 10-for-1 stock split has made shares more accessible to retail investors, but it has also introduced increased volatility. The market has responded positively to the split, but the momentum might be slowing down.
Looking at the NVIDIA chart in a logarithmic scale, we observe three major bullish legs, each with gains exceeding 1000%. The current, third leg appears to be reaching its peak. This trend is further supported by the stock’s position within a rising channel, currently touching the upper boundary, indicating potential resistance. Additionally, lower time frame charts reveal a reversal pattern, suggesting a potential downturn.
Technical indicators show that NVIDIA’s price is at a critical juncture. The stock has demonstrated a reversal pattern in the lower time frames, which is often a precursor to a decline. Moreover, the price is at the top of a rising channel, which typically acts as a resistance level. Given these factors, a pullback seems likely, especially considering the stock’s impressive run-up without significant corrections.
In conclusion, while the broader market sentiment remains optimistic with expectations of new highs for NVIDIA, the technical indicators and recent stock behavior suggest a different story. Investors should be cautious and consider the possibility of a pullback. It is crucial to monitor the stock closely and be prepared for potential profit-taking, especially in the context of the recent stock split and the overall market dynamics.
Richard D Wyckoff charting volume, price and spread. VSA.In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, shows how three universal laws move price on a chart. Supply and Demand, Cause and Effect and Effort Vs Result. This is a Gold chart but this method can be applied to any chart in any timeframe.
www.volumespreadanalysis.com explains the history, the principles and why markets move on news, often against your gut instinct.
WILL A BLACKWELL CHIP SAVE NVIDIA?This past week Oracle announced it is taking orders for the first Al Supercomputer which will be powered by up to 131.072 Nvidia BLACKWELL CHIPS. The NVIDIA CEO Jensen Huang also told the conference that the demand for their blackwell chip is so high that some customers are getting emotional..THIS is part reason why the stock rose back by 8.3% the past week. Despite those good news, the stock still seems flat and struggling to break to 125. might see this stock go down again to get some power up before going up.
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 Technical Analysis for Oct. 1, 2024Current Price Action
NVDSA shows a descending channel or wedge pattern, indicating a period of consolidation after a significant move. This suggests a potential breakout either upwards or downwards.
The stock is attempting to break out of the channel, signaling a possible bullish move if it continues to hold above the trendline.
Support and Resistance Levels
Immediate Resistance:
$124.47 - $127.60: This is the nearest zone where the price has previously rejected, marking it as a strong short-term resistance area.
$130.00: A key psychological resistance level, which could act as a major hurdle for any bullish continuation.
Immediate Support:
$121.40: This level aligns with recent consolidation, serving as a short-term support.
$117.71 and $114.88: These are strong support levels marked by previous lows. If the price breaks these levels, it could lead to further bearish pressure.
$112.38: The lowest support marked on the chart, critical for assessing long-term bearish trends.
Entry and Exit Points
Bullish Entry:
If the price breaks above $124.47 and holds, this could provide a good entry point for a long position with a potential target of $127.60 and then $130.00.
Consider adding if momentum picks up and volume increases during the breakout.
Bearish Entry:
A break below $121.40 would signal potential weakness. If the price moves further down past $117.71, it could be a strong short opportunity with a target towards $114.88 or lower.
Exit:
For a bullish position, consider exiting near $127.60 or $130.00 unless there is strong buying pressure.
For a bearish position, take profits around $114.88, with a potential full exit at $112.38 if selling accelerates.
NVDA's price action.
Suggested Direction
Based on the current breakout attempt from the descending channel, NVDA leans slightly bullish. However, the stock must break and hold above $124.47 with increased volume for a stronger bullish case.
On the downside, failure to break above resistance and a move below $121.40 could signal the continuation of the downtrend.
NVDA BOOM!?As posted in recent weeks, NVDA’s stock price continues to move higher after bottoming out in the lower $100 range. This was a liquify grab meant to shake out weak hands. We broke through the price of $126 this past week, and then dropped lower to $120 support. I believe now is the time to buy NVDA with an overall target goal of $138 or higher.
This is just a prediction. Good luck!
NVDA Wyckoff - Weakening demand on 6M chartThe Weis Wave chart for 6 months still shows a clear pattern of weakening demand by its steadily decreasing buying/green waves
NVDA Wyckoff - Weakening demand on 12M chartAn increase in price accompanied by a decrease in volume typically indicates weakening demand.
Fewer buyers are willing to purchase at higher prices which could be a sign that the upward price movement may not be sustainable.
There could be a potential loss of momentum in the price increase.
Top 5 Weekly Trade Ideas #3 - NVDA TriangleNVDA has been trading in a range from about 118 - 127 recently and appears to be poised for a big move once it breaks this triangle either up or down.
For longs, you could enter now and stop below 118, or wait for the triangle break above. If it sustains above the triangle after a breakout, it's likely it'll head back to ATH. That would be a good target and you could hold runners or look for new longs if it retests.
For shorts, if 118 is broken it could be a good entry to ride down to the bottom end of the triangle. If the triangle breaks to the downside, I'd be looking at the August low for a first target and then down to the lows from Feb or April as a final target.
I maintain my biases towards the black countAs I have discussed many times previously, we are about to enter the stage where triangles typically will break apart. What will constitute the triangle breaking apart is for price to breach either our purple (a) wave high, or our purple (b) wave low. Price must continue to constrict to maintain the integrity of the triangle. Nonetheless, in my primary analysis I do believe we break upwards in the black count, but as of right now we have no confirmation as whether the purple or black count will prevail.
I suspect this week will be informative.
Chris
NVDA breaks below with mixed feelingsNVDA very recently breaks below its upward trend, but other factors make its break below uncertain.
Volume has been decreasing since its selloff at the peak of the 26th indicating disagreement
RSI has been holding flat at the 50 line instead breaking below
MACD also has not been moving into bearish zone just yet.
The break below is of concern, but so far we are not seeing signs that this will trigger a violent sell off yet. The sell off maybe more muted before turning around back into another rally again.
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NVDA: Buy ideaBuy idea on NVDA as you can see on the chart if only if we have the breakout with force the resistance line and the vwap by a big green candle.
NVIDIA - A leading Indicator for the AI trend and market NVIDIA - NASDAQ:NVDA
🟣The upper purple parallel line is acting as resistance to price at present. A rejection from this long term purple line may be an early warning signal of a significant correction. A break above it would suggest continued positive momentum.
⏳In combination with the above considerations, a breach down and out of short term parallel channel would be a secondary warning signal of a trend change to the negative.
⏳Falling below the 50 week SMA (red) would be a third confirmation of a negative trend shift.
Obviously these levels could all act as support but if they are lost one after the other (price falling below them). It could be an early warning sign of this AI trend slowing.
✅Otherwise, a repeated 142-152 week bull trend out to June 2025 or April 2026 probable for now.
Why Watch Nvidia closer than the rest?
▫️ Apple, Microsoft and NVIDIA are the top three largest companies in the world by market cap. Collectively they are almost $10 trillion worth of market capitalization. That is almost 22% of the total market cap of the S&P500 Index, so all 3 are worth watching for warning signs or positive momentum.
▫️ Nvidia could lead the market as it is providing the shovels (graphics cards) for the AI data digging/sorting and general compute/data storage. If their performance starts to wane its a signal of less digging/sorting and a slowing of purchases from NASDAQ:AAPL , NASDAQ:MSFT (indicating slowing growth in both). Keeping a close eye on this chart could provide the early warning signals of a trend change, both on the AI front and the entirety of the market cycle.
There is no guarantee of the time sequence continuing on this chart however, these cycles tend to rhyme over time. I hope Nvidia breaks above the purple line at the top of the current long term channel. At present it is stiff resistance, and if price is rejected from here lower, this could be an early warning sign of the a market correction.
Remember, you can check in on this chart and press play to get updated data at any time by clicking the link in the comments below or by following me on TradingView.
PUKA
Nvdia At the moment it's look like we are still in correction. The corrective wave we are in now, is the from wave 3 to 4.
if we look at our corrective wave, we have now printed 6 (see purple lines), and I suspect that we are now going to print the seventh wave; In addition, on lower timeframe 1 - 4 hour chart, a slight emerging divergence can also be spotted, which is something you should always pay attention to. I expect to see the correction ending in the green box. I'm not sure yet that he will hit the TRVP from an ABCD, but I will sign him up anyway because we got even more fibbonaci clusters hitting that zone: extensions and projections
What is also possible is that there is no double correction and where I have labeled my (W) there will be a (C) so there will be a single correction. However, we should then see a much higher volume in the coming days and with a lot of volume we will break through the 130 dollar mark and actually preferably through the 140 dollar mark. For the time being, the volume continues to decrease and our divergence on a lower time frame does not support that idea.
Honestly, in an ideal world we would like to see WXY printed. In that case we woud printed 7 waves down, and as we know even correction is a 3 +4 + +4 wave construction. A bullish divergence arising on a daily timeframe (daily chart), would support the end of the correction then we have a good swing. I am talking about long-term targets.
feel free to comment
NVDA 9/30 Technical Analysis1. Price Action Overview:
Current Trend: The price has broken below a key trendline, and it appears to be in a downward consolidation phase. The volume seems significant on the down moves, which indicates selling pressure. There’s also a visible rejection of higher prices near the top of the trendline.
Heikin Ashi Candles: These show a recent series of red candles, signaling that bearish momentum is dominant. However, the smaller bodies suggest that the selling pressure may be weakening slightly.
2. Key Levels:
Support:
120.65 - 120.56: This area is a near-term support level. If the price breaks below this zone, it could indicate further downside pressure. There is also a clear cluster of price activity around this level.
114.88: A stronger support level visible on the chart. If the price continues to fall, this area could act as a more significant support zone.
112.78: This is the next major support, shown by the low from previous trading sessions. If the price hits this level, a bounce could occur, but a break could signal a larger bearish trend.
Resistance:
121.83: Immediate resistance, shown as a red horizontal line. NVDA has struggled to break this level recently, making it a key area to watch.
124.47: A secondary resistance level, which aligns with prior price action. If NVDA can break above 121.83, it might rally toward this area.
127.60 - 127.66: This is the upper resistance level where NVDA was previously rejected. If there’s a strong bullish reversal, this zone could become a target for price movement.
3. Potential Entry/Exit Points:
Bullish Scenario:
Entry: Consider going long on a bounce from the 120.65 - 120.56 support area if the price shows signs of holding with confirmation from Heikin Ashi candles turning green.
Exit: First target would be the 121.83 resistance, followed by 124.47. A break above this level could lead to further gains towards the 127 area.
Stop Loss: Place a stop below 120.56 to protect against further downside if the price breaks below support.
Bearish Scenario:
Entry: A short position can be taken if NVDA fails to break above the 121.83 resistance and reverses lower. Alternatively, short on a break below 120.65.
Exit: Targets would be 114.88 as the first support level, and then 112.78 as the second if bearish momentum continues.
Stop Loss: Place a stop above the 121.83 resistance level to minimize risk if NVDA reverses unexpectedly.
4. Indicators Analysis:
Trendlines: The price has broken below a descending trendline, indicating that bearish momentum is still in play.
Volume: Volume seems to pick up during down moves, reinforcing the bearish bias. Look for an increase in volume near support for signs of potential accumulation or capitulation.
5. Overall Sentiment:
Bearish Bias: With the price below the trendline and unable to reclaim key levels, the overall sentiment appears bearish for now. There’s a higher probability of a further move lower unless 120.65 support holds.
Bullish Potential: If 120.65 holds and NVDA manages to break above 121.83, this could lead to a short-term bullish reversal.
Suggestion:
Watch for price action around 120.65 to determine if there’s a breakdown or a bounce. A breakdown could signal more downside, while a hold and reversal could lead to a rally toward resistance.
NVDA Full Analysis covering all angles on Where NVDA will go Good afternoon Traders
In this video its less of an explainer video and more me putting my tools onto NVDA from the Weekly to the 4 hour to show the levels on where NVDA for the coming week and why.
If you have any questions. comments or want me to make any videos in particular more than happy to
happy hunting for those trades
MB Trader
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
Nvidia still in a sequence channel Indeed, Nvidia is respecting the sequence of the bearish channel and bounced at point #5, moving downward.
Now, even though Nvidia is dropping, it remains quite strong. Could we see a rebound at the following levels?
113.50 to 115.25 (marked in the green zone)
If Nvidia bounces at these levels I mentioned, we will very likely see a channel breakout in the coming weeks.
But! If the price surpasses those two levels I mentioned, we could very likely see Nvidia testing the blue GAP zone for the third time or approaching point #6 (channel support).
Let’s see what happens this week.
Thank you for supporting my analysis.
MONTHLY as well as weekly and daily all in one directionTechnically, it has been swinging with bullish sentiment with a bearish retrace and a continuation of bullish sentiment until you take a look at every angle. Granted, this could be consolidation before the next breakout. I see a wedge, symmetrical, moving averages in an uptrend. Short-term on the daily green box in the 95-105 region if it is a long wick.
Swing Trade Idea: NVIDIA Corporation (NVDA)NVDA is currently trading within a descending wedge pattern. The stock is nearing the upper resistance line, and a break above the $127 resistance could trigger a momentum shift, leading to a potential breakout. This would indicate a continuation of the upward trend. Monitoring the volume closely during this breakout will be crucial, as increased volume would confirm the strength of the move. Additionally, the stock is finding support along the lower trendline, suggesting continued buying interest at those levels. Watch for price action around the $127 level to confirm the next directional move.
