Between 131 and 136, NVDA has experienced resistance and fallen back into its base twice on the weekly chart:
This area can act as support if the stock allows. I would consider a call option swing trade using the daily chart time frame if the price moves above 138.5 with a stop at 131. If it does break and go, my first price target would be 144 and if it continues up before earnings, I would look to take the rest of my profit either before earnings is announced or if I see the price extended from the 10EMA on the 4h or D chart.
However, it is possible that this doesn't play out until after earnings and NVDA continues to trade in a range for now, including a further decline to 125 or so. No clue where it could climb to if it does break, so I would pay attention to extensions from the 10 and 20 EMA as well as the overall market mood shifting to take profits.
This area can act as support if the stock allows. I would consider a call option swing trade using the daily chart time frame if the price moves above 138.5 with a stop at 131. If it does break and go, my first price target would be 144 and if it continues up before earnings, I would look to take the rest of my profit either before earnings is announced or if I see the price extended from the 10EMA on the 4h or D chart.
However, it is possible that this doesn't play out until after earnings and NVDA continues to trade in a range for now, including a further decline to 125 or so. No clue where it could climb to if it does break, so I would pay attention to extensions from the 10 and 20 EMA as well as the overall market mood shifting to take profits.
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.