NVIDIA (NVDA): Post-Earnings Battle Between Bulls and Bears

22 nov 2024

It is getting harder for NVDA. Nvidia's earnings appear to have produced a muted market reaction for once. The chip maker's blowout quarterly report was good enough to support the stock but not provide another leg to its stunning rally. By any normal measure Nvidia's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected. Which is incredibly if you think that doubling its revenue is not enough for Nvidia to surge higher once more. Attention will now turn to the rollout of Nvidia's Blackwell artificial-intelligence chips

Our attention will stay on the chart and we can see this kind of market behaviour in the chart really well. It seems as if bulls and bears are now battling about this earnings report and there are definitely some people trapped with option calls on NVIDIA that they have bought before the earnings.
NVDA has build somewhat of a trend channel and keeps on defending the lower edge of it very well in the past. The question now is if the wave ((iv)) is already finished or not.

With the fact that NVDA is loosing momentum on the RSI but still being able to reclaim the VAL and putting in higher highs we think is is very likely that we are seeing some kind of pullback/blowout of those positions that have been opened and trapped at the all time high now. Still NVDA is a stock that can put in 10% next week and nobody would be astonished. Therefore we are moving our stop loss from our current open position to 114.50$ and setting alerts for a possible buying opportunity again on NVDA.

28 nov 2024

Trade attivo

As we anticipated, a blowout of the longs trapped during the wick to the new all-time high was likely, and now we’ve reached our targeted area to add more shares to the position. Multiple levels are aligning here, offering strong support, which we believe should provide enough strength for a push higher.

If this level is lost, we’ve already taken profits from our first entry and moved its stop loss higher to secure gains.

The stop-loss for this new entry is tight, but as always, we are trading according to our plan. We remain cautious but optimistic as NVIDIA approaches this key turning point.

5 dic 2024

Nota

NVIDIA keeps exceeding expectations! The chart and our second entry are mirroring the success of our first entry, which is also still running strong. Both positions were perfectly timed, and the second entry has delivered a 9% gain in just seven trading days.

On 22/11/2024, only 7 days ago, we mentioned: “after a drop, NVDA is a stock that can put in 10% next week, and nobody would be astonished.” Coincidentally, we got the drop and 9% within a week—precision at its best ✅

We are now taking the first profit from the second entry while moving its stop loss to the entry price. The stop loss for the first entry remains at $114.50.

To sustain this upward trend, NVDA must push above and back into the trend channel. If it succeeds, we anticipate a move toward at least $166.

19 dic 2024

Trade chiuso: obiettivo raggiunto

A very successful profit-taking move at the local top, followed by the closure of our second position at breakeven after moving the stop loss to the entry price. ✅

Our first position remains open, with the stop loss securely placed at $114.50. For now, we are exercising patience, waiting for the chart to develop further and present another solid trading opportunity. NVIDIA’s chart needs time to establish new patterns, so we’ll monitor it closely.