Will NVIDIA break the upper trend line of triangle?It looks likely that NVIDIA will break the upper trend line of the triangle in a few days unless some event rocks the market.
NVDA trade ideas
How Nvidia is Shaping the Future of AI in Everyday LifeWhile Nvidia is constantly making headlines for its stock performance, what really makes the company exciting is how its technology is shaping the future in ways most of us might not realise. Beyond just computer chips, Nvidia is building the brains behind some of the coolest advancements in artificial intelligence (AI)—from self-driving cars to smarter healthcare tools.
More Than Just Chips: Nvidia’s Bigger Vision
Nvidia has grown from being a graphics chipmaker into a leader in AI innovation. CEO Jensen Huang isn’t just thinking about today—he's focused on tomorrow’s world where AI touches nearly every aspect of life.
Think of healthcare : Nvidia’s processors are making it possible for doctors to get faster and more accurate results from medical imaging. Or consider logistics , where AI is helping companies manage complex supply chains more efficiently. And Nvidia’s technology is making this all possible.
Nvidia’s impact goes beyond healthcare and logistics. In the automotive industry , its Drive platform is transforming autonomous vehicles by enabling real-time decision-making and advanced safety features. Companies like Tesla and Mercedes-Benz rely on Nvidia’s technology to build the future of self-driving cars.
In entertainment and gaming , Nvidia’s GeForce GPUs are behind the most realistic, high-definition gaming experiences, as well as helping create stunning special effects in movies through faster rendering and improved graphics.
Retail is also benefiting from Nvidia’s AI technology. It’s being used to track customer behaviour, optimise supply chains, and even power cashier-less stores like Amazon Go, revolutionizing the way businesses operate.
Even in agriculture, Nvidia’s AI is making farming smarter. It’s used for precision agriculture, helping farmers monitor crop health through drones and sensors, reducing water use and maximising crop yields.
Why Big Companies Love Nvidia
It’s not just about cutting-edge tech. Big players like Meta, Amazon, and Microsoft are pouring billions into their AI projects —and they’re relying on Nvidia to power them. These companies are building their AI infrastructure with Nvidia’s help, making Nvidia’s chips a vital part of their operations. This explains why more than 40% of Nvidia’s revenue comes from these tech giants.
*Source: Observer.com
Challenges Ahead, But Nvidia is Ready
Of course, the road isn’t always smooth. Nvidia faces its share of obstacles, like dealing with export restrictions on its advanced AI chips. But the company has shown time and time again that it can handle challenges by expanding into new markets and finding creative solutions. Their confidence is clear—they’ve been buying up shares during market dips, showing they believe in the future of the company.
Looking at Nvidia’s Current Stock Performance
Currently, Nvidia's stock is trading around $138, reflecting its performance despite market volatility. Observing key price levels could provide insights into potential trading behavior.
Resistance Levels: What Could Slow Nvidia Down?
Resistance levels are price points where Nvidia might hit a ceiling, with more sellers than buyers, causing the price to struggle moving higher. Here are a few key levels to keep in mind:
$138-$140: This range represents a recent high where Nvidia's stock has been consolidating. A break above this level could indicate continued upward momentum, while failure to do so may suggest potential resistance at these prices.
$145: The next psychological barrier. If Nvidia can surpass this, it could open the door for even more growth.$145: This level may act as a psychological barrier for traders. A break above this point could suggest continued bullish sentiment, while failure to surpass it might indicate resistance.
$150-$155: Historically, round numbers like $150 act as major resistance points, attracting attention from traders. Nvidia has faced challenges at this level before, so this will be crucial to watch.
Support Levels: Where Could Nvidia Find Stability?
On the flip side, support levels are like safety nets for the stock—places where buying interest could step in to stop the price from falling further.
$130: Nvidia found some stability at this level in early October, so it could act as a short-term support.
$125: This is a more significant level that Nvidia recently bounced off of, making it a strong defense line.
$120: If the stock dips below $125, $120 is the next key level where buyers might step in.
$115-$110: In case of a deeper pullback, this range could act as a solid floor, as it has in the past, especially during uncertain market conditions.
Looking to the Future
While everyone’s talking about Nvidia possibly hitting a $4 trillion market cap, the real story is what’s next. Nvidia’s future could lie in quantum computing, 6G networks, and even technology we can’t fully imagine yet. One thing is for sure—Nvidia is poised to play a central role in the tech revolutions of tomorrow, but how the market price reacts remains uncertain.
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Bullish ContinuationHello All!
I've been liking Nvidia right now! It had such a clean retracement into the 78.6% on the Daily Fib. Created a Low, High, and a Higher Low testing the Failed Swing Line. On October 2nd, we got a new High Low before Nvidia finally breaking out of that area. It's still continuing to make Higher Highs and Higher Lows. On Tuesday, price came down to retest that Daily BOS area, and reversed right away. This has also given me to confidence to take the long.
Targets: 143.00 & 150.00 Longer term.
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Watching NVDA for poss topNVDA: watching the momentum (rsi) along w price action
Why : it made a huge run up; always be careful getting in later in a run
Arguments:
bull pivot: NVDA holding >140; this is a monster - so many position traders and investors have made great runs just playing & holding this bad boy
bear pivot: 3 possibilities
1. island gap at the top - gap up and then gap back down, leaving an island of candles alone
2. break of momentum/rsi trendline; **momentum change does not necessarily equal price action movement**
3. clear reversal candle - topping candle on daily
Why look at this review:
I chart more than just the price action. I like RSI and some MACD (only on M candles). Volume is key and the moving averages can give very useful information. RSI can (but not always) be a predictive indicator, whereas everything else is confirmatory.
Drawback to this review:
This is a shorter term review, Daily candles. Weekly and Monthly are better suited for investors.
If you check the W and M charts, you can see a divergence of the momentum/rsi to the downside.
NVDA 4 HR Update Breaking $141-$145 in Sight, Momentum for $155Good morning, trading fam! Just a quick NVDA update for you:
We’re breaking through that $141 resistance. If we get past $145, it could be a good spot to lock in some profits. Might see a pullback around $147-$149, but if the momentum stays strong, $155 could be on deck. Let’s see how it plays out!
Trade what you see
Mindbloome Trading
Kris
Nvidia will sharply rise ahead of Q3 earningsWith Wall street revisions of price targets aiming at $150 and above. Nvidia is expected to rise towards $170 and upwards to $200. Further upside is expected for this semi-conductor stock.
Nvidia ($NVDA) could retest summer low of $91NVDA stock is in a perfect range between all-time high of $141 and summer low of $91 that was hit within the first leg of correction in wave A down.
Recently, the price has retested the upside of the range within the wave B up and slipped back into the established range.
This could be the start of the last wave C down to retest the summer valley of $91.
NVDA Technical Analysis for Tomorrow Oct. 21, 2024Key Levels:
Support Levels:
137.46: This seems to be a significant support zone, with previous price action bouncing around this level.
128.74: Stronger support, aligning with recent lows and lower trendline support.
Resistance Levels:
140.90: Immediate resistance level, previously tested.
145 area: Potential resistance on a breakout above the current price action.
Trend and Momentum:
Trendlines: There appears to be a symmetrical triangle forming, with price consolidating between upward and downward trendlines. This typically signals an impending breakout or breakdown.
MACD: The MACD line is below the signal line, showing weakening momentum. If this continues, there could be downward pressure tomorrow, especially if the MACD crosses further into negative territory.
Volume:
There's noticeable volume around the middle section of the price range. If there’s a spike in volume tomorrow, a move in either direction could gain more momentum.
Scenario for tomorrow October 21, 2024:
Bullish Case: A break above 140.90 could push the stock toward 145. This would be confirmed by an uptick in volume and bullish MACD crossover.
Bearish Case: A breakdown below the upward trendline or 137.46 support could push NVDA toward 128.74. The MACD indicates potential weakness, so if selling volume increases, the downside scenario could play out.
Strategy:
For Bulls: Watch for a break above 140.90 with rising volume, targeting 145.
For Bears: If the price fails to hold 137.46, a short play down to 128.74 could be viable, depending on volume and price action.
Disclaimer:
This technical analysis is for educational purposes only. Trading stocks involves risks, and past performance is not indicative of future results. Always do your own research or consult a financial advisor before making investment decisions.
NVDA 1 HOUR TREND PROGRESSION ANALYSIS This is my NVDA 1 hour trend progression analysis. The chart formed a Leg 4 trend, starting with an untested Leg 1 support at 123.05. Leg 2 broke this level to establish support at 132.31, then pushed up to target Leg 2's 139.53 support. Since Leg 3 couldn't break Leg 2's support, Leg 4 formed, followed by a failed test at the Leg 2 high. The price is now heading down to test the Leg 3 low at 130, which should be the profit target
Nvd longSame old story…
Wait for avwap and ema to break / point upwards and go long with sl under last low
NVDA (H1) Nvidia stock was able to break the historical resistance with a tail and close below it, however we are looking for greater positivity and therefore we are looking to buy from levels of 127.78 with an hourly closing stop below levels of 124.46.
Second scenario: If we do not get a price action signal at 127.78 levels, we look to buy the second 4-hour peak while getting oversold signals at 121.85 levels with a stop loss of an hourly candle below 118.00 and our target is to break the historical peak at 140.74 levels.
NASDAQ:NVDA
NVIDIAThis stock broken neckline so there is highest possibility to achieve shown target but after breaking previous high which iwill offer strong resistance.
NVDA : Channel uptrend - Logarithmic or Not ?Hi everyone
For long term chart period, a Weekly in this example, it is interesting to activate the Logarithmic price scale, the letter "L" at the bottom of the price scale.
On the right side chart, as the Logarithmic scale is activated (L highlighted), I have seen and traced a Channel.
Wowww!!! This a very interesting uptrending channel.
On the left side chart, "L" is not activated and the same chart doesn't show the channel as seen on the right side chart. So now, it is unusable.
But more, if I trace a yellow line at the same points as seen on the right side chat, surprise, it is not a Channel anymore, but it is a triangle...
Humm... :-)
Have fun.
NVDA's final parabolic push is imminentI contend that the monthly bar chart's historic parabolic is entering into it's final phase with a high-end target of 247.91.
I have plotted a 10 cents=1 bar Gann fan from the Oct '22 low on this daily logarithmic chart. The white line is a sliding parallel to the 1X2 angle. Study the price action in the boxes. Note the multiple touches of the sliding parallel and that the significant downtrend line breaks are the exact same slope! I believe we are seeing history repeat itself. If your target is north of 195, then prepare for a volatile ride based on hopes and dreams which may come true. Reasonable trading targets are in green.
I hope she goes to the moon. If she does, then it will occur more quickly than most believe possible. Imo, NVDA will make new all-time highs and reach it's monthly chart cycle top before July '25. Thankfully, time will tell.
Good luck to all.
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle.
What does this mean?
Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement.
And that’s exactly what happened (I can hardly believe it myself).
The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push!
The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it).
This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain:
NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp.
So...
The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you?
To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area.
What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push.
In the meantime, we’ll see what movement happens next week.
Best regards, and thank you for supporting my analysis.
Can NVDA hit 200 USD in Q1 2025?🔸Time to update the NVDA trade setup, previously was expecting
a correction in this market, based on fundamentals we are definitely
overextended, however NVDA so far is trading purely based on momentum
ignoring the fundumentals. It's the star stock of the 2024 stock market.
🔸Previous strong uptrend, we broke above key psychological S/R at 100 usd. Right now we got a compression setup, expecting limited upside / pullback heading into US elections, having said that probably any downside beyond 115/120 usd is very limited. current floor set at 100/110 USD.
🔸Compressing into wedge formation, most likely we will break out
to the upside following a shallow pullback in November 2024.
Also November/December is a very strong seasonal period for US stock
market, so it's really hard to recommend short selling NVDA.
🔸Recommended strategy bulls: expecting pullback near 114/118 USD
in November going into elections, limited downside beyond 110 USD.
BUY/HOLD near 114/118 TP bulls is 200 USD, which is almost 75% upside.
Most likely we will reach target somewhere in Q1 2025, probably January.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NVIDIA Call 132, 133 price respecting 4hr fvg. and its also respecting bullish orderflow. as outlined in the charts. i dont want to see price close below 127 for this idea before the move up . target would be hmm 140 or just anywhere according to risk plan
NVDA Technical Analysis for October 18, 2024Chart Overview:
Price Range: $137.40 (current)
Support Levels:
$135.72: Strong recent support.
$130.96: Next major support below, aligning with historical demand zones.
$128.74: Major support from a previous low.
Resistance Levels:
$139.63: Immediate overhead resistance.
$140.90: Significant recent high that aligns with strong sell pressure.
Key Indicators:
Volume: Notable increase in volume, signaling strong interest in recent price action.
Order Blocks: Volumized order blocks suggest significant support between $128.74 and $130.96, with resistance forming above $139.63.
MACD: The MACD appears to be in a slightly bullish crossover position, but the momentum is weak. This could signal potential consolidation or a low-volume upward push in the short term.
Price Action:
After an initial rejection near $140.90, NVDA retraced slightly, currently sitting near $137.40. Price action remains bullish as long as it holds above $135.72. However, the recent rejection could lead to consolidation between $135.72 and $140.90.
Watch for price to approach the resistance zone between $139.63-$140.90. If broken with high volume, a push to new highs is likely. However, failure to break may result in a pullback to test $135.72 and potentially lower toward $130.96.
Directional Bias:
Bullish if NVDA can break above $139.63 and hold with high volume.
Bearish if it fails to break $139.63, which could lead to a drop to support levels at $135.72 or lower.
Important Disclaimer:
This analysis is for educational purposes and should not be considered financial advice. All trading strategies carry risk, and past performance is not indicative of future results. Always perform your own research or consult a financial advisor before making trading decisions.
Why Some Traders Fail While Others Profit:
Many traders access the same technical analysis (TA) but get different results. Here's why:
Discipline & Psychology: A successful trader maintains discipline, controlling emotions like greed and fear. Even with a solid strategy, poor emotional management leads to irrational decisions.
Risk Management: Profitable traders have solid risk management. They accept losing trades and size their positions accordingly. Others overleverage and risk too much capital.
Experience: Understanding how to read market conditions and adapting strategies accordingly can only come with experience. Some traders stick to rigid plans, while others adjust based on changing market dynamics.
Strategy & Timeframes: The same TA can yield different results based on the trader's strategy or timeframe. For example, a day trader and a swing trader may interpret a setup differently due to their focus on different timeframes.
If you have more questions or would like personalized feedback, feel free to send me a private message!
NVDA Great ROI Trade Bullish to 145+ Hi Trading Family
Here is an update for you: a potential finish of our correction down from the analysis we currently did today. Massive ROI and break up potential, if your looking for a great trade with low risk ie put your stop below the low and let it run to 145 this could be the trade your after
Hope this helps
Mindbloome Trader
NVDA $141 GAP CLOSUREIt hit the resistance and missed the mark by 11 cents. Gap down below needs to be close before it reaches the target. Care for 2 to 3 reversals to make the movement complete to the upside in accordance with trending lines.
Entry points are the key.
NVDA: Riding the AI Hype Wave to $250!NASDAQ:NVDA just hit its all-time high last friday, reaching my swing trade target. While I took profits as part of my routine discipline, I still believe there's plenty of upside left, with $250 in sight.
Here's why:
Strong Fundamentals: Nvidia consistently beats earnings expectations, with EPS climbing from $0.11 to $0.68 over recent six quarters. This growth trajectory shows no signs of slowing down, reinforcing the stock's upward momentum.
Analyst Confidence: Out of 65 analysts, 51 rate Nvidia as a "Strong Buy," with none suggesting a sell. While the average price target is $149.81, the highest target of $202.79 shows strong backing from the financial community.
Bullish Technicals: Weekly and daily moving averages, from the 10-day to the 200-day, are flashing "Buy" across the board. Add to that a myriad of other indicators in different time frames (basically, you name it), and it’s signaling "Buy." In short, everything is pointing towards continued bullish momentum and potential for further gains.
Market Leadership: Nvidia's dominance in AI and high-performance computing continues to grow. Its cutting-edge AI chips, as well as its strong presence in data centers and gaming, put the company in a prime position to capitalize on key growth sectors.
And finally, why am I more bullish than even the highest analyst target? Well, it’s simple: the hype. Nvidia is at the forefront of the most exciting and disruptive technologies today—AI, data centers, gaming—you name it. The market's enthusiasm surrounding these sectors is growing exponentially, and Nvidia is perfectly positioned to ride that wave. Sometimes, fundamentals and technicals align with pure market excitement, and that’s where I see Nvidia pushing past those conservative estimates toward $250.
Disclaimer: This content is for informational and educational purposes only. It should not be considered as financial or investment advice. Trading stocks involves risk, and you should perform your own research or consult with a professional before making any investment decisions. Past performance is not indicative of future results.
$NVDA DoubleTop all the way #BearCorn LOL50Ps look cheap ;p
Not fin advice
-Jokes
On serious note, NVDA should be pushing through 140 today/tomorrow, if it can't and the market can't continue higher and I am expecting some short term dips before the election that should be capitalized on... (Beware NASDAQ:NVDA short term calls, MMs doing shenanigans past 48hrs this usually occurs before something big)
- Proph
NVDA – Ride to 146 or Wipeout at 137?Alright, folks, here’s the deal. NVDA is balancing on the edge—either we ride the wave up to 145-146, or the market drags us back to 137-138 for a reset. This is that make-or-break moment where bulls need to paddle hard or risk missing the set.
Key Levels:
Support: 137-138 (black box) – Lose this, and it’s back to the lineup.
Target: 145-146 (orange zone) – Bulls need to hit this to stay in control.
It’s all about how price moves in these channels—either we push higher, or we take a quick dip before the next chance comes.
What do you think—are we riding this wave or catching some chop? Let me know below.
MB Trader
Ride the wave
