NVDA trade ideas
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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.
Nvidia near strong support again ready for fresh all time high Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
NVDA likely will see $1,000 in my silly opinionYes it may seem a bit silly but hear me out. 7 stocks or so are leading the markets. We know what sectors they are.
I was banging the table for calls on NVDA at $400 lows in otc2024 and they even called me "NVDA boy"
Now we sit at $791 as I type this. So honestly... why wouldn't NVDA go to $1,000. Lol
I think NVDA will hit $1,000. Not financial advice. Just thoughts
NVIDIA CORPORATION GANN WEEKLY ANALYSIS FOR 22 MAY 2024...Nvidia Corporation has been in the news for the recent past and seen a fantastic run on its price with AI Technology progress.NVIDIA DGX-2™ is the most powerful tool for AI training, using 16 GPUs to deliver 2 petaflops of training performance to data teams. Adding in the extreme IO performance of NVIDIA Mellanox InfiniBand networking, DGX-2 systems quickly scale up to supercomputer-class NVIDIA SuperPODs.
Nvidia Corp completed an important Gann Cycle in Apr 2023. Therafter the price nearly doubled within the time cycle on chart. But the real rise came in at the shortest time cycle within the next major time cycle. It hit he high of 767.66 a double top to earlier high of 974. as per price it had a support at 786 and we got the low of 756.06. We are rising up from that low to current level of 958.19 on last weekly candle attempting to take the highs of 974 and 967. Next critical date is 24 Jun 2024 on it. We need to cross the level of 1048 by then for further growth in it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
NVDA / NVIDIA CORPORATION | Simple Horizontal Line SetupNASDAQ:NVDA (NVIDIA Corporation)
Engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software.
It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other.
Entry Price :- 922.21
Entry Trigger Price :- 920.36
CMP
Stop Loss Trigger Price :- 892.78
Stop Loss Price :- 891
NVDA to 1000 shortly. maybe 1600 before end of year. I am bullish on this one. Big time. I see 1600 hints in the data. I'm thinking 1300 comes sooner than we think. Good luck to all. NFA
NVDA Bullish above 860We have seen resistance for NVDA at the 860 Levels which also coincides with Fib levels of 857.23 (23.6%). Close above the 860 mark in a 15mins timeframe will be bullish for NVDA for T1 888 and T2 of 924
Plan invalidated if we close below 840 in 15 mins TF.
PS - Ideas are for learning purposes, not a recommendation to trade. I am not responsible for any profits or losses incurred.
Nvidia in its last leg of rally, good time to book profits Nvidia is in it last leg of major cycle and can crack to 500 from here on.
Good time to book profits on spectacular results.
Ite in race to complete 2 trillion milestone placed at 810$
Be careful....
NVDA Bullish Flag & RSIformed the Bullish flag and RSI also formed the bullish divergence in 2h chat timeline. So it might go down and later go up after a few hours.
NVDA completes a five wave advanceNVDA may be at the end of wave 5 at various degrees in time. The fifth wave itself was inside a rising channel, and we reached the top end. This is the leading stock driving bullish market momentum and any reversal especially below the rising channel would change the way people think about the market for the months to come
NVIDIA as said earlier profit booking will come, trend change On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Possible local top for NVDANVDA meeting 1.272 fibonacci retracement , and a clear bearish divergence on the OBV , might mean a local top or at least expected consolidation. Buyers advised caution.
NVIDIA SHORTAnticipating a significant correction in Nvidia as we approach the end of primary wave 5, expecting a decline to the range of 300 - 270.
NVDA on clean bearish H&S The insufficient in price action. Most probably that huge gap will be fulfilled finally.
Gap filling theory...in NVDIAGap from 320 to 360 seen in NVIDIA, It seems that NVIDIA will fill this Gap in coming trading session ....... so those who are interest in AI story can buy at around 300 ....for next six months .......
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
NVDIA maybe ready for wave 5 higherIs wave 4 done at a little more than 23.6% retracement? Wave four is a flat and wave 2 was zig-zag retracing 61.8%, so we have alternation. Nvidia is now at the 20-week average so that is an ideal support as well which held in wave 2 too. Wave 5 should follow wave 4. 5=1 then the level is at 300 which should coincide with the top end of the channel. A rising channel has been drawn keeping the most recent low as the pivot. The 20wma is at 418.
NVDA Expecting correctionI believe the impulse is over and we may see a correction from here which can go deeper as well!!
