🚀 Technical Analysis (TA) for Trading
* Trend Overview: NVDA is currently trading within a descending wedge, with resistance at $133.78 and support near $129.09. The price is consolidating after a pullback, potentially setting up for a breakout move.
* Momentum Indicators:
* MACD: Bearish momentum has been weakening, with a potential bullish crossover forming.
* Stoch RSI: Currently oversold, suggesting the possibility of a short-term rebound.
* Key Levels:
* Support: $129.09, $125.00
* Resistance: $133.78, $135.00
* Potential Play:
* Bullish Scenario: A breakout above $133.78 could push towards $135-$140.
* Bearish Scenario: Failure to hold $129.09 could lead to a drop to $125 or lower.
GEX Analysis for Options Trading
* Gamma Exposure (GEX) Zones:
* Bullish Targets: The $135-$140 region aligns with strong call resistance.
* Bearish Risk: If price breaks below $129, downside exposure increases, with the next major put wall near $120.
* IV and Sentiment:
* IVR: 47.5, slightly elevated, suggesting increasing volatility.
* Call Positioning: 44.7%, signaling bullish sentiment.
* Put Support Levels: Heavy put support at $120, indicating a key level where buyers may step in.
Trading Outlook
📌 NVDA is at a crucial level—traders should watch for a breakout above $133.78 or a rejection leading to $129.09 support. With increasing gamma exposure, a strong move is expected soon.
🔴 Risk Management:
* Stop Loss: Below $129 for bullish trades.
* Profit Targets: $135, $140+
* Watch for market sentiment shifts before entering positions.
🚀 Traders, keep NVDA on your radar—it’s heating up! 🔥
* Trend Overview: NVDA is currently trading within a descending wedge, with resistance at $133.78 and support near $129.09. The price is consolidating after a pullback, potentially setting up for a breakout move.
* Momentum Indicators:
* MACD: Bearish momentum has been weakening, with a potential bullish crossover forming.
* Stoch RSI: Currently oversold, suggesting the possibility of a short-term rebound.
* Key Levels:
* Support: $129.09, $125.00
* Resistance: $133.78, $135.00
* Potential Play:
* Bullish Scenario: A breakout above $133.78 could push towards $135-$140.
* Bearish Scenario: Failure to hold $129.09 could lead to a drop to $125 or lower.
GEX Analysis for Options Trading
* Gamma Exposure (GEX) Zones:
* Bullish Targets: The $135-$140 region aligns with strong call resistance.
* Bearish Risk: If price breaks below $129, downside exposure increases, with the next major put wall near $120.
* IV and Sentiment:
* IVR: 47.5, slightly elevated, suggesting increasing volatility.
* Call Positioning: 44.7%, signaling bullish sentiment.
* Put Support Levels: Heavy put support at $120, indicating a key level where buyers may step in.
Trading Outlook
📌 NVDA is at a crucial level—traders should watch for a breakout above $133.78 or a rejection leading to $129.09 support. With increasing gamma exposure, a strong move is expected soon.
🔴 Risk Management:
* Stop Loss: Below $129 for bullish trades.
* Profit Targets: $135, $140+
* Watch for market sentiment shifts before entering positions.
🚀 Traders, keep NVDA on your radar—it’s heating up! 🔥
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.