On April 26, 2024, The weekly chart of NASDAQ:NDX shows a weekly recovery from the MA-30 week. NASDAQ:NDX closed near the weekly high which is encouraging. The current close is right near the resistance 17,780 which was broken during the week April 15-19.
Looking closer at the daily chart we can see that the resistance is at the same level with both...
WARNING NASDAQ:NVDA Breakout WATCH
My Plan:
Calls > 877.35
Puts < 771.54
Powerful INSIDE week wiping out the bears told yall once in a lifetime setup last week!
I plan to FULLY Automate these options
❤️if your IN!
The bearish engulfing candle in NASDAQ:NVDA just below an intra-day neckline support turned resistance as we head into weekly and monthly option expiries does not bore well for folks who are long stock or short volatility.
Nvda bounced off support, causing a 4-hour time frame double bottom. Yet, it is getting rejected at the 830-supply zone. Bringing 770 back on the table with a possible fall though. Enter a short position here.
Gann says we're probably due for a major pullback on nvda. Could see a move down to around 700 in the coming weeks or months. Wait for a test of pivot highs then short
NVDA has created an expanding channel and the price confirmed a bullish breakout under the hourly timeframe. Here we see a potential rally to the upside back towards the previous resistance zone. And also the price managed to respect the demand zone highlighted.
In the ever-evolving tapestry of the tech industry, few narratives are as compelling and full of potential as that of NVIDIA. This narrative is not just about technological innovation but also about strategic foresight and financial acumen that has propelled NVIDIA from a post-2022 low to heights reminiscent of the dot-com era's most storied companies. Yet, unlike...
Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them.
The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other.
The polygon is more...
and Undervaluation Despite Strong Fundamentals!
1. Potential Price Dip Below $500.00: Despite strong fundamentals, there's a possibility for Nvidia's stock price to fall below $500.00. This suggests a cautious outlook, indicating that market conditions could lead to downward pressure on the stock.
2. Anticipated Correction: There's a looming expectation of a...
Once again, the stock markets show clear signs of weakness after nearly catastrophic economic data. In a previous analysis, we advised against buying NVIDIA stock and instead referred to a buy limit. This statement remains valid. However, given the current situation, there is now an opportunity for a lucrative short position on NVIDIA, as shown in this trading idea.
The semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks...
Details in the Chart!
NVDA have 2 potential Setups:
1. A Bearish H&S Pattern: Price broke down the neckline , retested the neckline and now heading down to potentially complete the H&S Pattern
2. A fill the Gap setup. The Gap fill will be completed in the zone marked with green rectangular box
Both setup indicating a bearish movement toward 750-660 Zone.
