NVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan.
Market Structure Overview:
* Trend: NVDA is trading within an ascending channel, suggesting bullish momentum. However, the price is approaching resistance near $148-$150.
* Current Price Action: The last few candles show a slowing upward momentum, signaling potential consolidation or pullback.
* Key Levels:
* Resistance Zones: $148.55 (short-term), $152.89 (channel top and major resistance).
* Support Zones: $137.77 (critical swing low), $131.89 (channel bottom and potential bounce area).
Liquidity & Order Blocks:
* Liquidity Zones: Significant liquidity sits below $137.77, which could attract a stop hunt before a reversal.
* Order Blocks:
* Bullish OB: Around $137.77-$139, aligning with the last strong bullish breakout.
* Bearish OB: Near $148-$150, likely to act as a supply zone.
MACD & Volume Analysis:
* MACD: Shows a bearish divergence—momentum weakening while price trends higher. Watch for a cross below the signal line for confirmation of a pullback.
* Volume: Declining on recent upward moves, which may indicate waning bullish strength.
Scalping Strategy:
* Entry: Look for short scalps near $148-$150, especially if a rejection forms with bearish candles and MACD confirmation.
* Exit: Target $145-$144 for quick profits, with a tight stop-loss above $150.
* Stop-Loss: $150.50 to minimize risk in case of a breakout.
Swing Trading Strategy:
* Bullish Play: Wait for a pullback into the $137.77-$139 support zone. Enter long if bullish confirmation (e.g., hammer or engulfing candle) appears.
* Bearish Play: If price fails to break $150 and confirms a lower high, consider shorting with targets at $137.77.
* Stop-Loss: For longs, set at $137. For shorts, above $150.
Game Plan:
1. Pre-Market Prep:
* Mark key levels: $150 (resistance), $137.77 (support), and channel edges.
* Check for news or macro events affecting tech stocks.
2. At Market Open:
* Monitor initial price action for rejection or breakout near $148-$150.
* Look for high-volume moves to confirm trend direction.
3. Mid-Day Play:
* If price consolidates near the channel's midline, avoid overtrading.
* Focus on reacting to breakout or pullback scenarios.
4. EOD Exit:
* Close all scalping positions by the day's end to avoid overnight risk.
Likely Direction:
* Bullish Scenario: A breakout above $150 could push NVDA towards $152.89 or higher, aligning with the channel top.
* Bearish Scenario: Failure to sustain above $148 may lead to a retracement towards $137.77 for liquidity.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
Market Structure Overview:
* Trend: NVDA is trading within an ascending channel, suggesting bullish momentum. However, the price is approaching resistance near $148-$150.
* Current Price Action: The last few candles show a slowing upward momentum, signaling potential consolidation or pullback.
* Key Levels:
* Resistance Zones: $148.55 (short-term), $152.89 (channel top and major resistance).
* Support Zones: $137.77 (critical swing low), $131.89 (channel bottom and potential bounce area).
Liquidity & Order Blocks:
* Liquidity Zones: Significant liquidity sits below $137.77, which could attract a stop hunt before a reversal.
* Order Blocks:
* Bullish OB: Around $137.77-$139, aligning with the last strong bullish breakout.
* Bearish OB: Near $148-$150, likely to act as a supply zone.
MACD & Volume Analysis:
* MACD: Shows a bearish divergence—momentum weakening while price trends higher. Watch for a cross below the signal line for confirmation of a pullback.
* Volume: Declining on recent upward moves, which may indicate waning bullish strength.
Scalping Strategy:
* Entry: Look for short scalps near $148-$150, especially if a rejection forms with bearish candles and MACD confirmation.
* Exit: Target $145-$144 for quick profits, with a tight stop-loss above $150.
* Stop-Loss: $150.50 to minimize risk in case of a breakout.
Swing Trading Strategy:
* Bullish Play: Wait for a pullback into the $137.77-$139 support zone. Enter long if bullish confirmation (e.g., hammer or engulfing candle) appears.
* Bearish Play: If price fails to break $150 and confirms a lower high, consider shorting with targets at $137.77.
* Stop-Loss: For longs, set at $137. For shorts, above $150.
Game Plan:
1. Pre-Market Prep:
* Mark key levels: $150 (resistance), $137.77 (support), and channel edges.
* Check for news or macro events affecting tech stocks.
2. At Market Open:
* Monitor initial price action for rejection or breakout near $148-$150.
* Look for high-volume moves to confirm trend direction.
3. Mid-Day Play:
* If price consolidates near the channel's midline, avoid overtrading.
* Focus on reacting to breakout or pullback scenarios.
4. EOD Exit:
* Close all scalping positions by the day's end to avoid overnight risk.
Likely Direction:
* Bullish Scenario: A breakout above $150 could push NVDA towards $152.89 or higher, aligning with the channel top.
* Bearish Scenario: Failure to sustain above $148 may lead to a retracement towards $137.77 for liquidity.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and 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.