Trading (NVDA) With Integrated Risk Controls
October 18, 2024, 17:22 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NVDA
- Buy NVDA near 135.27 target 153.53 stop loss @ 134.88 Details
The technical summary data tells us to buy NVDA near 135.27 with an upside target of 153.53. This data also tells us to set a stop loss @ 134.88 to protect against excessive loss in case the stock begins to move against the trade. 135.27 is the first level of support below 138.01 , and by rule, any test of support is a buy signal. In this case, support 135.27 is being tested, a buy signal would exist.
- Short NVDA slightly under 153.53, target 135.27, stop loss @ 153.97 Details
The technical summary data is suggesting a short of NVDA as it gets near 153.53 with a downside target of 135.27. We should have a stop loss in place at 153.97though. 153.53 is the first level of resistance above 138.01, and by rule, any test of resistance is a short signal. In this case, if resistance 153.53 is being tested, a short signal would exist.
Swing Trading Plans for NVDA
- Buy NVDA slightly over 143.54, target 153.53, Stop Loss @ 143.13 Details
If 143.54 begins to break higher, the technical summary data tells us to buy NVDA just slightly over 143.54, with an upside target of 153.53. The data also tells us to set a stop loss @ 143.13 in case the stock turns against the trade. 143.54 is the first level of resistance above 138.01, and by rule, any break above resistance is a buy signal. In this case, 143.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NVDA slightly near 143.54, target 136.57, Stop Loss @ 143.95. Details
The technical summary data is suggesting a short of NVDA if it tests 143.54 with a downside target of 136.57. We should have a stop loss in place at 143.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NVDA
- Buy NVDA slightly over 139.91, target 143.54, Stop Loss @ 139.58 Details
If 139.91 begins to break higher, the technical summary data tells us to buy NVDA just slightly over 139.91, with an upside target of 143.54. The data also tells us to set a stop loss @ 139.58 in case the stock turns against the trade. 139.91 is the first level of resistance above 138.01, and by rule, any break above resistance is a buy signal. In this case, 139.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NVDA slightly near 139.91, target 136.57, Stop Loss @ 140.24. Details
The technical summary data is suggesting a short of NVDA if it tests 139.91 with a downside target of 136.57. We should have a stop loss in place at 140.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 139.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Nvidia Corporation (NVDA) available here: NVDA.
NVDA Ratings for October 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
117.7 |
| P2 |
133.85 |
136.57 |
135.27 |
| P3 |
139.91 |
143.54 |
153.53 |
AI Generated Signals for NVDA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for NVDA:
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