NVDA -Near support NVDA -Near support
Close below 102.4 can test 96.4 which is previous resistance and now it act support.
We also have trendline support at 96.4 and EMA 200 at 93.56
Overall chart looks bearish
NVDA
NVDA: Correction PhaseHello everyone,😉
I’ve put a scenario for the stock 'NVDA' together, which is currently drawing attention.
This scenario is based on not only the "Elliott Wave Theory" but also various analytical tools, so please take it into high consideration.
✔️ Wave from $140.76 downward: "Extended Flat"
This is an 'Extended Flat' composed of a 3-3-5 structure. The final C wave was completed as an 'Extended fifth wave impulse.'
✔️ Wave from $90.69 upward: "Zigzag"
This is a 'Zigzag' with a 5-3-5 structure. The A wave and C wave have a 1.618 ratio, which adds a high level of credibility.
✔️ Conclusion: Projected Path
Based on the wave count so far, I’ve drawn the projected path. I anticipate the appearance of a downward impulse wave and used the downward parallel channel and Fibonacci levels to estimate the potential decline range.
First support zone: $100.03
Second support zone: $84.57 (very strong)
Good luck!
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities are yours.
NVDAgood parallel channel setup on daily chart. results are few days away. any closing above 132 may be very good for short term
NVIDIA vs Ruseel 2000 - is money moving out of NVIDIA to RUT?Is the entire world is rotating out of NASDAQ:NVDA into Russell 2000 small-cap stocks.
Could it be another Cisco .com bubble comparison. Everyone tries to find AI companies that offer significant returns. In reality most of them provide no value and the infrastructure AI is built on continues to be growing asset (NVIDIA).
Let us look at the charts.
From the charts it is clear that NVIDIA is still in an uptrend, has formed a falling wedge.
We are targeting 135 in the days to come.
The Russel 2000 seems more like a short squeeze and it has got more legs on it.
Whether this is the start of a new bull market, we will only know in the times to come.
As an NVIDIA investor, I choose to hold on till as a time trend doesn't change.
#AMD $AMD164 Above breakout possible
170/175/185 expected to test
2 days ago try to breakout but not sustain
this time if breakout can test all target
NVDAAfter Gap up opening it has been doing distribution on top to form probable bearish head and shoulder pattern.
It still need to complete right shoulder. Only then it may be able meet vision
NVDA Expecting correctionI believe the impulse is over and we may see a correction from here which can go deeper as well!!
NVDA #Wyckoff Events Accumulation BullishWyckoff Events Accumulation Schematic #2
Bullish
312-320 is important resistance to cross. if failed then profit booking
a mild retracement from 320 may be good for fresh entry after consolidation or sideways
NVIDIA (NVDA) Wave Formation & Rounding Bottom Completion , LongVERDICT NVIDIA (NVDA)
Wave Formation and
Rounding Bottom Completion
Huge Upside Targets
T1 192 Positional
Only For Study Purpose
NVDA Investment Plan - 21/Mar/2022Hello Traders,
Hope you all are doing good!!
I expect this stock to shoot up from around 130-140 price level after completing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
NASDAQ - NVDA - Exact signal foundHere i share the view of NASDAQ - NVDA - exactly selling signal found.
And it has given a very good move in down side
lines work bestTrendline drawn on weekly log chart gives the upside and downside range. 630-650 is the maximum upside but down side is open for 280-290 and 250
