NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100....
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 reached the supply area between $827 and $857 today, touching my initial support level. There's a gap at the bottom awaiting filling at $743 and $689. Caution is advised, as market movements can give the impression of an upward trend only to swiftly reverse course, resembling a rollercoaster ride.
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...
NASDAQ:NVDA was over-speculated. It is a component of many ETFs based on all kinds of index funds, from semi-conductor ETFs to Big Blue chip companies, etc.
NVDA was the big loss stock for the NASDAQ on Friday. The huge down day was due to many retail investors and smaller funds running for the door. This has nothing to do with its earnings report. It is a...
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
NVIDIA hovering on $758 support.
Right as we predicted, tide has switched fast and furious downwards.
Mapped out in Blue line where we predict prices to go with price targets
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...
Will the anchored vWAP of $763.45 on the daily chart for NASDAQ:NVDA (anchored from the low on 3rd January 2024) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($778.00) looks like a potential intraday key level at this stage...
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...
NASDAQ:NVDA is looking poised for a PMG phenomenon not to be missed. Short sellers will be jumping on bad sentiment to hunt for Low of each candle. That is the STRAT methodology! It works. Bears do all the easy money earning 3 to 5x faster than a Bull! But not easy to short.
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.
