Item Name: Nvidia
*If you follow SEOVERIGN, you can get an alarm.
*Boost gives SEOVERIGN the momentum to analyze more of the other stocks!
Nice to meet you. SEOVERIGN - This is SeoVerign.
Nvidia, which used to be called God, is falling.
We found the starting point from the existing Nvidia falling point of view.
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.
Why the stock gained today?
• NVDA is a good defensive stock to protect against high interest rates.
• Competitor intel losing part of the market and disappointed Q2 forecast
• AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week.
NVDA is backed up after last week sell-off, could it last ?
• NVDA broke the bearish channel...
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish.
Here we are going to be looking at the signals for the NVDA stock on both sides.
Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which...
GREEN TrapZone is back and UMVD Picked the end of retrace perfectly. We have a bit of steep angle 4 but it just means UNTIL we break it - we have very strong momentum up.
Angle 1 from the recent downtrend is close by, so it will be short term target, as loong as we have Green BARS and GREEN UMVD !
im bullish on this late in the day as long as we can remain inside the reversal trend. while above this area average ill be targeting the mean range highs.
I have not posted for a while, been busy trying to improve my trading entries and exit.
I am back now and will be posting more regularly :).
Nvidia has broken out of H&S pattern on 4 hour.
Any retest to the highlighted orange area around 888-900 would be suitable for buying.
Stops can be placed below the 10 DEMA or 20 DEMA.
For conservative risk traders,...
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.
Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700.
To get this sort move in the stock I will remove the purple alternative path of the...
If support here holds at the .786 fib (light blue line) NVDA will see new ATH.
Profit targets are as listed. Use a stoploss please. Also - May is historically good for semiconductors. Bullish!
*this is not financial advice*
please use a stoploss.
As we watch NASDAQ:NVDA for our next short trading opportunity, we have to keep in mind the unfilled daily gap around 680. After a hefty pullback we could see the stock cluster and move higher looking for a double top where a second and even bigger pullback will occur and the gap below becomes filled. With markets turning higher and only 3-4 months left until...
Immediate negative outlook for NASDAQ:NVDA with:-
#1 the bearish engulfing candle,
#2 accumulated volume hitting 1.9x standard deviation implying a climatic topping,
#3 +4x standard deviation on the daily MACD and +5.3x standard deviation on the weekly MACD.
Taken together, this looks like a climatic topping act NASDAQ:NVDA ion for a parabolic surge.
According to the chart, if the candlestick stands above the resistance level as shown and the RSI line crosses above the 70 line, it indicates a potential opportunity for entering a long position to capture profits. However, if the conditions haven't been met yet, it's advisable to wait for confirmation before buying.
