NVDA trade ideas
NVDA Gap Fill RejectionNVDA went all the way back up to fill it's gap near $106 today after the large drop below $100. That was an excellent short opportunity, it's easy to say in hindsight, but this is something I have been watching. After that rejection near 106 and SMCI earnings, NVDA looks primed to head back to the April low it made earlier in the year around $75 and really start the collapse if that breaks.
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Nvidia Stock Rebounds 7% on Analysts Highlight Shares of Nvidia (NVDA) saw a rebound in early trading on Tuesday, following a sharp decline on Monday caused by reports of a delay in the release of its Blackwell artificial intelligence (AI) chip. The stock had tumbled more than 6% amid a broader global stock market rout. Despite the initial panic, analysts remain optimistic about Nvidia's long-term prospects and its leadership in the AI space.
Key Takeaways
- Rebound After Decline: Nvidia shares rebounded after a spokesperson clarified that the production of the Blackwell AI chip is still on track to ramp up in the second half of the year.
- AI Leadership: Bullish analysts believe Nvidia's strong position in the AI market will mitigate any short-term volatility caused by the reported delay.
- Analysts' Perspective: Analysts from major financial institutions, including Oppenheimer, Goldman Sachs, and Bank of America, maintain a positive outlook on Nvidia's long-term performance despite potential short-term setbacks.
Nvidia's Response to Delay Rumors
Nvidia addressed the concerns head-on, with a spokesperson stating, "Blackwell sampling has started, and production is on track to ramp in the second half of the year. Beyond that, we don't comment on rumors.” This statement aimed to reassure investors that the company is on schedule, despite the swirling rumors.
Analysts Remain Bullish
Oppenheimer analysts emphasized Nvidia's robust competitive position in the AI market, asserting that a minor delay would not lead to a loss of market share. They highlighted Nvidia's comprehensive AI hardware and software solutions as a key strength.
Goldman Sachs analysts acknowledged the possibility of near-term volatility but downplayed its impact on Nvidia's earnings for the 2025 calendar year. They stressed that Nvidia's long-term competitive position remains intact.
Citi analysts, despite removing Nvidia from their "upside catalyst watch" due to the delay reports, continued to hold a "buy" rating for the stock. They maintained confidence in Nvidia's ongoing performance.
Bank of America analysts viewed potential supply constraints as a "solvable" issue, suggesting that any resultant sell-off would be an "enhanced buying opportunity." Their long-term bullish stance on Nvidia remains unchanged.
Market Performance
As of the time of writing, Nvidia shares (NASDAQ: NASDAQ:NVDA ) had risen by 7%, reaching $106.48. Despite recent market turbulence, Nvidia's stock has more than doubled in value since the beginning of the year, showcasing its resilience and the strong confidence investors have in the company's future.
Conclusion
While the reported delay in Nvidia's Blackwell AI chip initially spooked the market, the company's clarification and the continued confidence of analysts highlight Nvidia's solid position in the AI industry. The consensus among analysts is that Nvidia's long-term prospects remain strong, bolstered by its leadership in AI technology. Investors seem to agree, as evidenced by the stock's quick rebound.
thinkin about aadithinking aadi is being a total baadi
this stock is still projected to be at 11 Dollars in a years time. do the math
Nvidia Approaches Key Support Levels
With the S&P 500 dropping more than 9% from its July highs and the NASDAQ 100 plunging over 13% during the same period, formerly market-leading tech giants like Nvidia are pulling back to long-term support levels. In this analysis, we will put Nvidia under the spotlight and identify the areas of support with the greatest confluence. We will also discuss how to manage risk in a volatile trading environment.
Nvidia’s Pullback and Key Support Levels
Nvidia’s pullback began earlier than the wider market, with the chipmaker's share price hitting trend highs on June 20th. Prices have been in a mean reversion mode ever since.
When analysing pullbacks, several tools can help us build a picture of confluence to pinpoint where prices may attract the most buying interest:
Horizontal Support Levels: Prior areas of resistance may create support when retested. Nvidia’s price chart shows the shares are retesting the double-top that formed in March. Additionally, the April swing low is a potential support level worth noting.
Fibonacci Retracement Levels: The 50% and 61.8% Fibonacci retracement levels, taken from the October 2023 to June 2024 trend low to high, show that prices are currently retesting the 50% retracement level. The 61.8% level is confluent with the April swing lows.
Anchored VWAP: Anchoring the Volume Weighted Average Price (VWAP) to the October trend lows provides insight into where the average buyer who got in at the bottom is positioned.
200 Day Moving Average (MA): The long-term 200-day moving average, closely monitored by long-term investors and dynamic traders, is currently in a similar area to the anchored VWAP and the April swing lows.
Relative Strength Index (RSI): The RSI index indicates how oversold the stock is as it approaches the key support levels outlined above. While Nvidia’s RSI has not yet moved into oversold territory, it is starting to show signs of bullish divergence.
NVDA Daily Candle Chart
Past performance is not a reliable indicator of future results
Risk Management: How to Trade High Volatility Environments
The recent global stock sell-off has significantly increased volatility, causing the VIX Volatility Index to surge. This increases the likelihood of overnight price gaps when trading individual stocks like Nvidia, making it challenging to manage risk when swing trading.
To navigate this environment, traders might consider reducing their typical position sizes or avoiding holding positions overnight. Incorporating the Average True Range (ATR) into stop placement strategies can also help dynamically account for increased volatility.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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NVDA: Buy idea: Bearish ChannelBuy idea on NVDA as you can see on the chart if only if we have the breakout with force the vwap indicator by a big green candle...
Chart Pattern Analysis Of NVDA
From K1 to K3,
It is a strong bearish three soldiers advancing pattern.
It is likely that K4 will keep falling to test the uptrend line or 0.382fib area.
90USD will be a value area to establish long-term positions.
I will try to buy it there.
NVIDIA Stock Chart Fibonacci Analysis 080524Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 94/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the Support
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Strong buy! are of support , bulls are in controlI am buying this stock for swing trade, are of support ,the prices will go higher
Not sure correction is overNVDA's daily RSI still has room to drop. I'd like to see it go lower than April low's RSI to create bullish divergence.
NVDA bounce comingWith the huge dip this morning we saw NVDA bounce off the support at 90 I think we"ll stay between 90-110 until earnings. Despite rumors about a flaw in the new chip I think they still beat and guide higher as has been their trend and if a rate cut follows in september we could see bulls flood the market and push to a new high.
In other words buy while you can. NOT A FINANCIAL ADVISOR
Nvidia could see 30s before reaching 250Nvidia according to analysts earnings expectations could end up over 250 in the next 5 years or so. However, recent market volatility and increased economic weakness could cause profit taking in this popular growth stock.
There is an old gap near 31-37 which occurred in may 2023, and with forward earnings of 2.71, this valuation would be a fair value for NVidia where it would likely be supported. There is also an old high from november 2021, adding to the reasons why investors may gain confidence to support there.
30-40$ for NVidia would be decent value entry and attractive for value investors looking to benefit from the future growth. Remember, there is still risk in Taiwan with TSM, and geopolitical trade risk, so investors should demand a good deal when spending their cash on businesses.
$NVDA exhausted and correction anticipatedHello Traders,
Firstly, This is not a financial advice. This is just my interpretation of the technical aspects of price action.
NASDAQ:NVDA has been shooting up lately and formed the structure, that is similar to textbook gaps.
After the exhaustion gap the price is likely to correct. The dead giveaway will be a daily candle closing below the exhaustion gap.
NVDA compared to Wall Street Cheat SheetThere are a lot of similarities with Wall St. Cheat sheet and current market cycle of NVDA, what do you think?
