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!
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.
On April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40,...
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...
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...
Item Name: Nvidia
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Nvidia, which used to be called God, is falling.
We found the starting point from the existing Nvidia falling point of view.
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.
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.
After multiple retests of 61.8 fib, I think JPOW just gave clearance past 1k. I implore you to look at what AVGO did when it broke 1,000 critical level as well as look back at TSLA in 2020 pre/post stonk split. NVDA is now a STONK, and those only go up. AMEX:SPY trend line was regained today, classic shake out before next leg up, thought we'd get a better dip...
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.
NVDA Nvidia LONG T1 900 T2 950
Stop Loss is explained in the video with partial exit when price breach Horizontal support TL towards downside and remaining exit when green sloping TL breaches towards downside.
However, probability of NVDA reaching T1 = 900 and T2 = 950 is very high
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.
Zones held up pretty good today. Working on getting these out premarket but super busy.
Upside Targets:
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Downside Targets:
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Daily Trend Tracker
*DXY - Bullish - *VIX - Bearish - *US10Y - Bullish
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...
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
