1-Hour Chart Analysis (For Trading)
1. Price Action:
* NVDA is trading within a descending channel, respecting both the upper and lower trendlines.
* The price is near the lower channel boundary around $133-$134, suggesting a potential reversal zone.
2. Indicators:
* MACD: Bearish momentum persists with increasing red histogram bars, but the MACD lines are near a potential crossover.
* Stochastic RSI: Oversold, indicating a possible reversal in the short term.
3. Support and Resistance Levels:
* Support: $133 (trendline support), $130.
* Resistance: $137 (middle of the channel), $141 (upper channel boundary).
4. Trading Strategy:
* Entry (Long):
* Look for a reversal confirmation at the lower channel boundary near $133-$134.
* Ensure Stochastic RSI begins to rise from oversold levels, and MACD shows a bullish crossover.
* Entry (Short):
* If the price breaks below $133, consider shorting with a target of $130.
* Stop Loss:
* Long: Place stop-loss below $130.
* Short: Place stop-loss above $135.
* Target:
* Long: Initial target at $137, extended target at $141.
* Short: Target at $130.
Daily Chart Analysis (For Options Trading)
1. Options GEX Analysis:
* Call Walls (Resistance):
* $144 (3rd CALL Wall).
* $141 (2nd CALL Wall).
* Put Walls (Support):
* $133 (2nd PUT Wall).
* $130 (strong PUT support).
* Highest Positive NET GEX: At $137, indicating key pivot resistance.
* Highest Negative NET GEX: At $130, confirming strong support.
2. Implied Volatility and GEX Metrics:
* IVR: 21.2%, indicating moderate implied volatility.
* Options Oscillator: Calls at 21.2% and puts dominating at 26.4%, highlighting bearish sentiment.
3. Options Trade Strategy:
* Bullish Scenario:
* If NVDA reverses from $133, buy Call Options targeting $137-$141 with a strike price near $135, expiring in 1-2 weeks.
* Bearish Scenario:
* If NVDA breaks below $133, buy Put Options targeting $130 with a strike price near $132, expiring in 1-2 weeks.
* Neutral Strategy:
* Sell an Iron Condor with:
* Upper Leg: $141-$144 calls.
* Lower Leg: $130-$133 puts.
4. Risk Management:
* Bullish Calls: Exit if NVDA fails to break $137 with momentum.
* Bearish Puts: Exit if NVDA closes above $135.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consult a financial advisor before making any trading decisions. All trading carries risks; trade responsibly.
1. Price Action:
* NVDA is trading within a descending channel, respecting both the upper and lower trendlines.
* The price is near the lower channel boundary around $133-$134, suggesting a potential reversal zone.
2. Indicators:
* MACD: Bearish momentum persists with increasing red histogram bars, but the MACD lines are near a potential crossover.
* Stochastic RSI: Oversold, indicating a possible reversal in the short term.
3. Support and Resistance Levels:
* Support: $133 (trendline support), $130.
* Resistance: $137 (middle of the channel), $141 (upper channel boundary).
4. Trading Strategy:
* Entry (Long):
* Look for a reversal confirmation at the lower channel boundary near $133-$134.
* Ensure Stochastic RSI begins to rise from oversold levels, and MACD shows a bullish crossover.
* Entry (Short):
* If the price breaks below $133, consider shorting with a target of $130.
* Stop Loss:
* Long: Place stop-loss below $130.
* Short: Place stop-loss above $135.
* Target:
* Long: Initial target at $137, extended target at $141.
* Short: Target at $130.
Daily Chart Analysis (For Options Trading)
1. Options GEX Analysis:
* Call Walls (Resistance):
* $144 (3rd CALL Wall).
* $141 (2nd CALL Wall).
* Put Walls (Support):
* $133 (2nd PUT Wall).
* $130 (strong PUT support).
* Highest Positive NET GEX: At $137, indicating key pivot resistance.
* Highest Negative NET GEX: At $130, confirming strong support.
2. Implied Volatility and GEX Metrics:
* IVR: 21.2%, indicating moderate implied volatility.
* Options Oscillator: Calls at 21.2% and puts dominating at 26.4%, highlighting bearish sentiment.
3. Options Trade Strategy:
* Bullish Scenario:
* If NVDA reverses from $133, buy Call Options targeting $137-$141 with a strike price near $135, expiring in 1-2 weeks.
* Bearish Scenario:
* If NVDA breaks below $133, buy Put Options targeting $130 with a strike price near $132, expiring in 1-2 weeks.
* Neutral Strategy:
* Sell an Iron Condor with:
* Upper Leg: $141-$144 calls.
* Lower Leg: $130-$133 puts.
4. Risk Management:
* Bullish Calls: Exit if NVDA fails to break $137 with momentum.
* Bearish Puts: Exit if NVDA closes above $135.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consult a financial advisor before making any trading decisions. All trading carries risks; trade responsibly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.