Nvidia's stock has been suppressed by the 4.618 on gold splitNvidia's stock has been suppressed by the 4.618 on gold split
This chart shows the weekly candle chart of Nvidia's stock in the past year. The graph overlays the bottom to top golden section of October 2022. As shown in the figure, the recent high point of Nvidia's stock has been suppressed by the 4.618 position on the gold split at the bottom of the figure! Due to NVIDIA's recent release of its second quarter financial report, its actual revenue was $13.51 billion, a year-on-year increase of 101%; Under non US GAAP, the net profit was $6.74 billion, a year-on-year increase of 422%, directly leading its stock to soar! However, it is not ruled out that there is a possibility of a bullish turn into a bearish turn. In the future, the 4.618 position on the bottom of the graph above the golden section can be used as the dividing line between bullish and bearish positions for Nvidia stocks!
NVDA
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVIDIA - No Theatrics NVIDIA - NASDAQ:NVDA
Earnings Release today (After Close)
Earnings Est: 2.082
Reported: (TBC later today / will re-share)
Revenue Est: $11.186 Bln
Reported: (TBC later today / will re-share)
Mid Term Chart
- A correction would be welcome
- Revisit of 10 month SMA @ c.$348 would be ideal
Long Term Chart
- Above 10 month SMA still
- Could bounce off the 10 month SMA as it has in the
past and continue upwards.
- Losing 10 month SMA we cold fall into orange zone
PUKA
NVDA's Earnings Report: Strategic Positions to Consider Introduction:
It's time to rejoice as we dive into the exciting world of NVIDIA Corporation (NVDA) and explore the potential positions to consider after their recent earnings report. With the stock prices rising, let's embrace the positive vibes and strategize our moves to make the most of this profitable opportunity!
1. Riding the Momentum:
NVDA's earnings report has sent shockwaves through the market, propelling the stock prices to new heights. As traders, we can ride this momentum and capitalize on the upward trend. We can join the celebration by positioning ourselves to benefit from the stock's bullish run and potentially reap impressive profits.
1. Long-Term Growth Perspective:
NVDA has consistently proven its ability to innovate and adapt to the ever-evolving tech industry. With a strong focus on artificial intelligence (AI), gaming, and data centers, the company has positioned itself as a global leader. As the demand for these sectors continues to grow, NVDA's long-term growth prospects remain promising. Traders with a more patient approach may consider holding onto their positions, allowing them to enjoy the potential benefits of sustained growth.
2. Options Trading for Enhanced Gains:
For traders seeking a more dynamic approach, options trading can offer exciting opportunities. With NVDA's stock prices on the rise, options strategies such as buying calls or employing bullish spreads can help magnify potential gains. By leveraging these strategies, traders can amplify their profits while managing risk effectively.
3. Diversification for Stability:
While NVDA's recent earnings report has been impressive, it's always wise to maintain a diversified portfolio. By spreading our investments across different sectors, we can mitigate potential risks associated with any single stock. Consider exploring other promising companies in the tech industry or even different sectors, ensuring a well-rounded portfolio that can withstand market fluctuations.
4. Staying Informed:
As traders, staying informed is crucial for making sound investment decisions. Monitoring NVDA's news, industry trends, and quarterly reports will provide valuable insights into the company's performance. Additionally, monitoring the broader market sentiment and potential catalysts can help guide our positioning strategies effectively.
Conclusion:
With NVDA's earnings report driving its stock prices to new heights, it's an exciting time to be a trader. By capitalizing on the momentum, adopting a long-term growth perspective, exploring options trading, diversifying our portfolio, and staying informed, we can position ourselves for success and potentially reap significant profits.
Remember, trading is both an art and a science, and embracing a positive mindset while making informed decisions is the key to thriving in the market. So, let's celebrate NVDA's success and embark on this profitable journey together!
NVidia Levels Ahead of EarningsThe #NVDA rally halted at the July highs yesterday with all eyes now on today's earnings release.
Initial Support 456 backed by the August 5th reversal close at 439 - look for support there IF price is heading higher on this stretch. Broader bullish invalidation now raised to 406 .
A breach / close above 480 exposes subsequent resistance objectives at the upper parallel (currently ~ 520 s) and a the measured range breakout into 558 .
- @MBForex
NVDA rally on strong earningsNVDA is showing strength.
Everyone is expecting NVDA to beat earnings expectations and most likely it will.
Once the resistance at 481 $ breaks , we expect NVDA to go much higher and reach 600 $ in the next few weeks.
RSI shows a lot of strength which supports our thesis.
You can enter long once the previous ath is taken.
Stop loss at 462 $ after entering the long.
Good luck NVDA lovers.
NVDIA Short ? Its Likely & target $400BULLS are Trapped, clearly seen with the Red TrapZone Getting bigger. All we need is a confirmation with a Red Bar AFTER the series of current TrapBars end trapping some more buyers. No one knows if this plan will materialize but being patient is no. 1.
Keep your eyes peeled here :)
"Investors Await NVDA's Impressive Earnings PerformanceGet ready, traders! The highly anticipated earnings report from NVIDIA Corporation (NVDA) is just around the corner, and analysts are placing their bets on a target rise for this tech giant. If you want to make serious gains, now is the perfect time to consider going long on NVDA.
Analysts have been closely monitoring NVDA's performance, and the consensus is clear: they are expecting an earnings beat. This positive sentiment has fueled excitement among traders and for good reason. NVDA has a strong track record of delivering impressive results, and this upcoming report is expected to be no different.
With the demand for graphics processing units (GPUs) soaring, NVDA has been at the forefront of this technological revolution. NVDA's products have become indispensable in various industries, from gaming to artificial intelligence and data centers. As the world continues to rely on advanced technologies, NVDA's growth potential seems limitless.
But what does this mean for traders like you? Well, it presents an incredible opportunity to capitalize on NVDA's success. By going long on NVDA, you can potentially ride the wave of its target rise and reap the rewards.
So, how can you take advantage of this exciting opportunity? It's simple. Consider adding NVDA to your portfolio and position yourself for potential gains. With analysts betting on an earnings beat, now is the time to act.
Remember, trading involves risks, and you must do your due diligence before making investment decisions. However, with NVDA's solid fundamentals and a promising outlook, going long on this stock could be a strategic move that pays off.
Don't miss out on the potential gains that NVDA may bring. Take action now and position yourself for success. Whether you're a seasoned trader or starting NVDA, target rise is an opportunity you won't want to miss.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Trading involves risks, and it's essential to consult a professional financial advisor before making investment decisions.
NVDA - Rising Trend Channel [MID-TERM]🔹Breakout floor of a rising trend channel in the medium long term.
🔹Resistance at 470, which could potentially trigger a NEGATIVE reaction, but an upward breakthrough indicates a POSITIVE signal.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NVDA Earnings Outlook:High Premium, Potential Post-Earnings DropNASDAQ:NVDA trades at a premium, with a P/E ratio of 277, towering over the sector median P/E of 25.56 and the S&P 500's P/E of 24.50. Its EV/EBIT is also remarkably high at 207.38 against the sector median of 19.45, signaling significant market sentiment.
The options market's pricing in a potential $50 move,trading well above recommended levels 50-day EMA, suggesting that it might be overbought. While there may be a continued run-up leading to earnings, a post-earnings drop is anticipated. Target levels post-earnings could be $433, $419, and $400. Play the run-up but be cautious to sell the news.
$NVDA Overextended Ahead of EarningsThe new bellwether for the semiconductor industry is reporting earnings Wednesday AMC, after the market close, which is not a good sign.
It could tumble down if even a minor negative is in that report.
The stock's trend is definitely overextended and at risk of being beyond its fundamental values.
IF NASDAQ:NVDA drops, so too will the NASDAQ:NDX and CBOE:SPX this week. NVDA is a heavy weight for these two indexes but not the Dow 30.
$NVDA -Potential Downside (21Aug/2023)- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure.
May be forced to Trail SL according to how markets will open
from the positive last Friday's Rally .
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
💾 NVIDIA Corporation | To The Moon!Where we have this "V Shaped" pattern but we can also draw a Cup & Handle, try it on the weekly timeframe and you will see.
I did an analysis for NVIDIA 9-Dec-2022 and it is still valid, I guess I was early but trading wise, nothing happened other than waiting.
Here is the chart:
As the previous analysis is still valid my view stays the same... NVDA to the Moon!
Namaste.
NVDA crash July 10 weekDid you ever feel like you missed out on NVDA? Don't worry, you can make up for some of that and ride the price on its way down (aka, short selling or put options). The bear is coming for the market this week and it's going to ravish the tech.
NVDA price is at a pitchfork resistance level and so is its RSI. Additionally see the divergence between the price highs and the RSI highs which also indicate a bearish outlook. These (as well as insights from my own unpublished indicators) tell me that a significant price drop will come this week.
Short NVDA againShort NVDA again, I honestly think we see a significant correction here from a technical perspective. Not sure whos buying here. Being very cations of short stop runs like the one we just had yesterday. Went 60% short at the open today at $444.32. 4 hr candies are beautiful. Not advise. Plan to walk it down with stops and see what happens. Not advise
$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix.
DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern.
Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years.
NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.