NVDA Weekly Outlook (Oct 28–31)

NVDA Weekly Outlook (Oct 28–31): “AI Giant Reawakens — Eyes on $200 Breakout!” ⚙️

1. Weekly (1W) Structure – Macro Strength
NVIDIA is maintaining a strong bullish structure on the weekly chart, with multiple Breaks of Structure (BOS) confirming sustained institutional demand. After a temporary Change of Character (CHoCH) in September, price reclaimed momentum above $185 and is now pressing toward the $197–$200 resistance zone.
* Bias: Bullish continuation with trend support at $160–$165
* Support: $152 → $160
* Resistance: $197 → $205
* MACD: Steadily positive, histogram expanding — momentum accelerating.
* Stochastic: Trending upward from mid-range — room to push higher.
💡 Weekly Thought:
The structure suggests NVDA is forming a strong continuation leg, potentially aiming for a retest of $200–$205 if the AI and semiconductor sector continues its leadership rally.

2. Daily (1D) – Mid-Term Momentum

On the daily chart, NVDA broke out from a corrective CHoCH near $164 and reclaimed the ascending trendline. This move confirms bullish re-entry after testing demand around $170–$175. Price is now nearing the upper boundary of the short-term channel, with potential for a breakout continuation toward $197–$200.
* Bias: Bullish, with trend acceleration visible.
* Support: $184 → $176 (key demand zone)
* Resistance: $197 → $200
* Indicators:
* MACD turning back up after reset — confirming bullish continuation.
* Stochastic RSI crossing up from oversold — aligning with buyer momentum.
💭 Daily Suggestion:
Wait for a light pullback to $187–$188 for call entries. If NVDA sustains above $191, expect a grind higher to $197–$200 before month-end.

3. 1-Hour (1H) – Intraday Structure

Intraday structure remains firm. NVDA has printed consecutive BOS patterns with minimal retracements — a hallmark of institutional stepping. The latest CHoCH near $186 acted as a liquidity sweep before pushing higher.
* Scalp Bias: Bullish above $188
* Resistance: $192 → $195 → $197
* Support: $186 → $183
* Setup Idea:
* Call scalp: Above $191 with momentum confirmation; target $195–$197.
* Put scalp: Only valid below $185, targeting $182.
📈 1H Thought:
Short-term traders can trail profits on breakouts above $191. Any dip toward $186–$187 may offer strong long opportunities if momentum remains intact.

4. GEX & Options Sentiment – Institutional Positioning

Gamma Exposure (GEX) shows clear bullish call accumulation with the strongest walls around the $190–$200 range.
* Highest positive GEX / resistance: $191.5 → $197 → $200
* Support (put-dominated zones): $187 → $182 → $176
* Call flow: +27.3% net GEX (call-biased)
* IVR: 25 (low-to-neutral)
* IVx avg: 53.8 (slightly elevated volatility window)
Institutional positioning implies a controlled bullish grind — with gamma pinning around $190–$195 that could later expand to $200 if momentum persists.

5. Suggested Option Plays
* Bullish Setup (Preferred):
* Buy-to-open 190C–195C (1DTE/2DTE) on breakout above $191.
* Target: $197–$200
* Stop: Below $186
* Reason: Call concentration above 190 supports continuation move.
* Bearish Hedge:
* Buy 180P (1DTE/2DTE) only if NVDA breaks $185 with volume.
* Target: $177
* Stop: Above $190

NVIDIA’s structure is aligned bullishly across all timeframes — higher lows, consistent BOS patterns, and call-heavy gamma flow all suggest momentum continuation toward $197–$200 before potential consolidation.
Short-term traders can look to scalp the $191–$195 zone with calls, while swing traders can hold positions into the breakout channel’s upper range.
🎯 Primary Bias: Bullish toward $200
⚠️ Watch For: Failing to hold $185 = short-term weakness or sideways phase.

This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.