04/24/2024
MACD clearly shows bearish momentum , wider lines
RSI not over sold
price action : Resistance at 50 day MA and bearish downside reversal
candle stick pattern: Bearish Engulfing
Sell 800 , target 760
Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of...
Same as last NASDAQ:NVDA post. Megaphone resistance breaking or holding right now might be a bulltrap or a breakout. AMEX:SPY bounce is ridiculous btw haha.
I want lower prices. Fast, otherwise tomorrow looks like squeezed shorts on the menu...
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...
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.
Traders,
As stated in my video on Sunday, all charts/indexes that we have been tracking and utilizing as leads for our crypto price predictions are still right on track.
A quick review (left to right) shows:
- The dollar has found support and, if my overall thesis is correct, could bounce here and travel up to that 107 target before dropping from our bearish...
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!
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.
We can attempt to short NVDA from specified level if it break HL , trendline support , also there is bearish divergence indicate that it move downward.
SL , TP mention in chart.
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...
The selloff in NVIDIA caught many traders off guard - us too :( Today, there are clear signs of a recovery. Are we heading towards $1000 now, or not? We believe that the current countertrend movement is an inducement, and the market will make new lows again, closing the gap around $725. From there, we can venture into a long position up to $990. Due to the high...
