Nvda is about to be sold heavilyI will open a short position if I get an entry at 450. Head and neck pattern that will break soon in my opinion.
NVDA
pt 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecastpart 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast
support and resistance guide
pt 1 NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast
support and resistance guide
part 2 NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNASDAQ:NVDA NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:META NASDAQ:TSLA Price Forecast
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13:45 Nvidia Stock NVDA Forecast Technical Analysis
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NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNASDAQ:NVDA NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:META NASDAQ:TSLA Price Forecast
00:00 Economic Data Psychology, AAII Sentiment Data, Earnings, Fear & Greed Index
04:00 QQQ Stock Price Forecast
07:18 Sp500 ETF Price Forecast
11:43 Tesla Stock TSLA Forecast Technical Analysis
13:45 Nvidia Stock NVDA Forecast Technical Analysis
15:48 Apple Stock AAPL Forecast Technical Analysis
17:02 Amazon Stock AMZN Forecast Technical Analysis
20:03 Google Stock GOOGL Forecast Technical Analysis
24:42 Microsoft Stock MSFT Forecast Technical Analysis
27:19 Meta Forecast Technical Analysis
NVDIA: An unpopular opinion that won't win us any friends.NVIDIA has been perhaps the tech sector's best poster child for 2023 but (along with the rest of the market) has found itself on a two month pullback. Despite that, the technical outlook on the 1M timeframe remains heavily bullish (RSI = 63.906, MACD = 76.990, ADX = 41.089) due to the enormous logarithmic Channel Up it has been trading in over the years, with the 1M MA50 supporting through the Inflation correction, as well as COVID, Trade wars etc.
As the title says, this is an unpopular idea that won't win any friends here but we may see this correction extend to at least near the 0.382 Fibonacci level (rounded estimate $300.00) as the 1M RSI got rejected near the seven year LH trend-line, which makes a giant bearish divergence. In any case, this chart is for the long term investor who is looking for year on year opportunities like this to enter on low risk.
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$NVDA - $306 price target with Bearish Head & ShoulderThere is a bearish head and shoulder formation, watch for a break of the neckline. If it cracks, watch for a price target of around $306 where the gap is as the first target.
NVDA | Day trading | 10-24-2023 NASDAQ:NVDA
Trend and Moving Averages:
The chart shows a stock in a general uptrend since it's making higher highs and higher lows. There is a convergence of moving averages, and the price is above the short-term moving average, which signifies bullish momentum.
The longer-term moving average acts as a resistance, which the stock is testing.
Support and Resistance Levels:
Bullish Line: This seems to indicate the immediate support level around $431.54. It's the point where buyers seem to step in.
Bearish Line: This line signifies a recent low or support-turned-resistance at approximately $426.27.
Target Price 1: At approximately $439.88, this is a level the stock might aspire to reach in a bullish scenario.
Target Price 2: At around $447.37, this is a higher level that the stock might target if the momentum continues.
Target Price 3: The most optimistic target at approximately $457.50, suggesting a strong bullish move.
Volume:
The volume bars at the bottom show significant trading activity, with a mix of high volume both on upward and downward movements. The most recent bar shows a spike in volume, suggesting increased interest or activity around the current price level.
RSI (Relative Strength Index):
This isn't directly labeled, but the oscillating line below the volume likely represents the RSI, which measures the magnitude of recent price changes to evaluate overbought or oversold conditions.
It appears to be hovering around the mid-range, suggesting neither overbought nor oversold conditions.
From a technical perspective, it seems NVIDIA is experiencing bullish momentum, testing the longer-term moving average as resistance. If it breaks above this resistance with significant volume, it could aim for the target prices mentioned. However, if it faces a rejection, it could retest the bullish line or even the bearish line as support.
NVDA | InformativeNASDAQ:NVDA
Main Observations:
Trend: The overall trend for the depicted timeframe is bearish. The stock has been creating lower highs and lower lows, which is indicative of a downtrend.
Moving Averages: The stock price is below all the given moving averages, including EMA(9), EMA(50), and EMA(200). This further confirms the bearish sentiment in the stock. The short-term moving average (EMA9) is also below the longer-term moving average (EMA50), suggesting that the current momentum is to the downside.
Support and Resistance:
Bullish Line: The immediate support is marked at approximately $418.75. This is labeled as the "Bullish Line".
Bearish Line: If the stock breaches this support, the next key level to watch would be around $408.08, which is the "Bearish Line".
There are also several target prices outlined, suggesting potential points of resistance. The immediate resistance seems to be around $424.80, with subsequent target prices at $431.54 and $439.38.
Volume: There's a noticeable spike in volume on the 16th, indicating increased trading activity on that day. High volume can be indicative of strong interest in a stock, but without the direction of the candle, it's hard to determine if it was buying or selling pressure.
Descending Trendline: The black descending trendline indicates that the stock has been respecting this line as a dynamic resistance. For any bullish reversal, it would be essential for the stock to break this trendline.
RSI (Relative Strength Index): The RSI is nearing the oversold territory (below 30). As of the last data point on the chart, the RSI is around 25. When the RSI is below 30, it suggests the stock may be oversold, which can sometimes be an indication that it may reverse or have a bounce soon. However, it's important to note that stocks can remain oversold for extended periods during strong downtrends.
Concluding Thoughts:
The chart indicates a bearish trend for NVIDIA in the given timeframe. For any significant bullish reversal, the stock would need to break above the descending trendline and move past the mentioned resistance levels. The nearing oversold condition in RSI might suggest a potential bounce or reversal, but it would be crucial to monitor other confirming signals. Always consider cross-referencing these observations with other indicators and factors before making any trading decisions.
NVDIA Is this CRUNCH TIME for the Head and Shoulders??NVDIA Corporation (NVDA) has technically completed a Head and Shoulders (H&S) pattern, which is a standard market top formation. The price almost touched Support 1 (410.00) on Friday and the Neckline (Higher Lows) of the pattern. As long as those hold, we can be bullish as the risk is low at the bottom while the upside much higher proportionally on Resistance 1 (476.50).
If however the price closes a 1D candle below Fib 1.0 (or even better Support 2), we will reverse to selling as the H&S suggests. Out target will be short-term on the 1D MA200 (orange trend-line), potentially hitting its extension at 370.00. Technically the H&S target extends as low as the 2.0 Fibonacci level, which interestingly enough, it is just below the 306.15 candle closing of the last day before the huge +25% price gap on the opening of May 25 2023.
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ANALYSIS ON NVDADear Investors and Traders,
I'm sharing with you this analysis on NVDA to let you know that the price will come down after the squeeze it made in October, if you're holding as an investor close your position and take your profits, and if you're trading there's no point of taking long trades on NVDA currently.
For further questions, don't hesitate to ask!
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NVDA, a slightly greedy playI've included a weekly trade plan for NVDA (Nvidia) with points to watch at the weekly close, need a close below green support right now, this week should give a strong signal. We've already had a strong rejection at the purple and SPX is suggesting a fall to 4000's, low 4100's, this should give us enough room to finish the move.
Once that happens we have to capture a 24% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market and index positioning.
Is $NVDA Nvidia about to fall down it's RISING CHANNELNASDAQ:NVDA is currently printing a head and shoulders.
Price action is currently at the lower level of it's Rising Channel
Will VANTAGE:NVIDIA nvidia rise higher or fall lower?
Current Price: 421
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NVDAPossible head and shoulders set up. I think we bounce here off the neckline back to around 460. This is just from a technical view news could possibly alter this but I was right on the recent drop to 420 so I think a move back to 465 should be appropriate and NVDA makes large 20pt moves like nothing so its really not that big of a move in reality.
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NVIDIA did the wrong move.The open was outside of the L-MLH and the HAGOPIAN is playing out too.
Next Target is the Center-Line, which has a roughly 80% chance to reach it.
So, I let my small position ride for a early Christmas gift §8-)
Peace for the wold!
NVDA - Playing (with?) the crowdBesides all the crazy news, I don't believe this company what they say. IMO they just play with the crowd and make nice gains from the News they spread via the media.
That's just my opinion, and I'm maybe wrong.
But what about the information we can gather from the chart?
I have hidden the huge GAP so that we can focus on the last weeks and days.
There is a big bounce from the top that to me looks like a Flag, steering in my face. Bulls would argue that is a huge Long signal, right? OK, so be it...
But what do my eyes see that makes me wake up at night?
Price broke out of this Flag/bounce and within one single bar it was able to reach the Center line. This is not the norm, it's not natural.
Second, watch the volume in bar 1 and 2.
Should volume not explode if such a breakout is real?
Well, it was not real in my trading world.
The Market Maker just opened price higher, that's it.
No real buyers there, just another GAP to push the price of NVDA higher. Maybe someone will appreciate this and unload it's stock? Hmmm...
And where did it stopped?
Right at the CL. As I always say: You can fake it, but you can't hide. §8-)
My current conclusion?
1. NVDAs price is way too high. The company is not worth the current price.
2. Volume does not confirm higher price. It was made artificially by open higher and push it upwards.
3. The Center line is reached. Price found it's current balance.
So, should we short it?
Absolutely NOT!
Without any clear indications after earnings, I don't touch this bad Boy §8-)
I just watch this movie and learn...
NVDA Head and shoulders patternNVDA a short trade setup.
A head and shoulders pattern that indicates a short trade and a target price around 370$.
The next big support is 400$ before the 370$.
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NVDA Intraday long setup NVDA Intraday long levels (acute time frame) following news related drop // ATR: 15.86, Beta: 1.68, IV: 50.39%, RVOL .89//Bias: Neutral-Risk On// Price at time of publish: 440.84
