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NVDA

NVDIA Short-term buy signal within the 8-month Channel Up.NVIDIA Corporation (NVDA) not only found Support yesterday at the bottom of the 8 month Channel Up but the strong daily rise managed to close the 1D candle above the 1D MA50 (blue trend-line). Last time it did so was on January 09 2023, on a similar bullish reversal fractal after a Channel Up bottom. With the 1D RSI also rebounding exactly on the Support level from the bottom of that fractal, we turn bullish again on the stock, targeting the 1.618 Fibonacci extension at $540.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
4
Nvidia -> Is This The Top Formation?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside. Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure. After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity. 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:
NASDAQ:NVDALong
by basictradingtv
39
NVDA consolidation inside a channelCandles for the past 3 days seem to have suggested a solid support is in place, notice how the 02nd Aug candle was rejected by the gap fill, coupled with subsequent two higher high candles. Pay attention to the upper and lowers gaps which might attract price to re-test and break those areas before moving further in its direction. The bears don't look they have enough force nor power, the bulls do look tired but not yet subsided, currently it looks as if the price is inside a bull flag while the leg led up to the consolidation is upwards, therefore the bias is the expectation of further upside to come.
NASDAQ:NVDALong
by FxCloudTrader
Is NVDA overpriced relative to GOLD?My thesis is that comparing an equity price in a ratio to spot gold expecially on long time frames can sometimes bring clarity to complicated trading decisions. Here, I seek to determine since I hold both gold on the forex market and NVDA call options, whether I should sell one to buy the other. Upon putting the ratio of NVDA price compared with spot gold on a weekly chart I have discovered that NVDA has ran up considerably over the past 5-6 years into an obvious all time high. This is not a surprise given NVDA's position as a subsector leader and a frontrunner on the AI revolution. The last golden cross of the pair of HMAs was this past March. Relative strength of the ratio is nearly 80. Importantly, the mass index is about to trigger a reversal. Overall, because of this analysis, I will dollar cost average out of the NVDA call options closing them at weekly highs over the next month. With the proceeds, I will increase my spot gold position and look into call options on one of the gold ETFs.
NASDAQ:NVDAShort
by AwesomeAvani
AAPL - Rising Trend Channel [MID -TERM]🔹Achieved target at 193 after breakout inverse head and shoulders formation. 🔹Supports at 174 and resistance at 196. 🔹NEGATIVE volume balance indicates higher volume on falling days. 🔹Technically NEUTRAL for 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 ❤️
NASDAQ:AAPL
by wavepoint99
NVDA Entry, Volume, Target, StopEntry: when price clears 419.38 Volume: with daily volume greater than 92.34M Target: 496 area Stop: Depending on your risk tolerance; 393.85 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:NVDALong
by tradepatiently
Is NVDA done correcting? LONGNVDA shot up on earnings two months ago and more or less went sideways until mid July when it trended up for a week and then reversed downward. On the 2H chart, I have placed both a VWAP anchored to the earnings date as well as a volume profile. Price is currently above the 0.5 Fib level as well as at one standard deviation above the mean VWAP and above the POC line of the volume profile. The mean VWAP and POC are confluent at about 422. I suspect that it is at this level that volatility will be the highest and at where buyers will step in to open a trade shares of NVDA that have been oversold and are undervalued. Because of that, I will place NVDA on my watchlist for a long trade when it trends down approaching 422. The stop loss will be 418 or about 1% while targeting the recent double top of 475 and so a zone of horizontal resistance confluent with dynamic resistance in the red line of two standard deviations above the mean VWAP. Confirmation of an upcoming reversal is the histogram of the zero-lag MACD going red to green. NVDA has had a great run this year (220%) and its heavy presence in the AI megatrend bodes well for a good continuation.
NASDAQ:NVDALong
by AwesomeAvani
25
AMSC 57% July rise AI tech ( chips) upcoming earnings LONGAMSC has had a great rise since the beginning of the AI revolution. From the overlay of the anchored VWAP this would be a VWAP breakout that closed the last trading day with a correction pullback and then a bounce off the POC line of the volume profile. The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock, the MACD just showed another line cross above the histogram. Amplitudes are rising. This sector is scorching hot. Some will call it overextended and overvalued. Buy weakness - yeah for sure unless its going to get worse. Buy strength when you determine the probability that it will go higher. This long trade will not wait for me. I will take it and be watchful for signs of reversal. I do not think that I will see them anytime soon. With earnings coming this week and trader interest peaking. I will jump in here and watch for good action. To be safe I will take off part of the position before the earnings.
NASDAQ:AMSCLong
by AwesomeAvani
NVDA Breaking Out from Consolidatiom LONGNVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over the higher TF RSI a clear and convincing sign of rapidly increasing relative strength. Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June and up crossing over the one and two standard deviation lines. The zero-lag MACD shows a line cross under the histogram occurred in the after-hours trading on Tuesday evening. Price has crossed over the POC line of the visible range volume profile yet another sign of bullish buying pressure and momentum. Overall, my analysis is that NVDA is set up for a long swing trade which I will take today.
NASDAQ:NVDALong
by AwesomeAvani
5