Scalping Analysis for NVDA:
1. Support and Resistance Levels:
* Immediate support at $133 (put wall) and $132 (gamma support).
* Resistance near $140 (call wall) and $142-$145 (gamma resistance zones).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is trading near these EMAs, showing indecision. A breakout above or rejection below these levels will provide clarity for scalping opportunities.
* MACD: Bullish crossover indicates potential upward momentum, but confirmation is needed with volume.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $138-$140.
* Target: $135, $133.
* Stop Loss: Above $141.
* Bullish Scenario:
* Entry: Breakout above $140 with volume.
* Target: $142, $145.
* Stop Loss: Below $138.
Swing/Day Trading Analysis for NVDA:
1. Trendlines:
* NVDA recently broke below a rising channel, signaling potential downside unless it reclaims the channel.
2. GEX Analysis:
* Strong resistance at $140 (call wall) and $145 (major gamma resistance).
* Solid put support at $133 and $130 suggests limited downside in the near term.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $133-$135 on support confirmation or breakout above $140.
* Target: $142, $145.
* Stop Loss: Below $132.
* Bearish Swing:
* Entry: Breakdown below $133 with retest confirmation.
* Target: $130, $127.
* Stop Loss: Above $135.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $140, $145.
* Put Wall: $133, $130.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $140 Call if NVDA sustains above $140 with volume.
* Target: Move toward $142-$145.
* Risk: $138.
* Bearish Play:
* Buy Jan 5th $130 Put if NVDA breaks below $133.
* Target: $130-$127.
* Risk: $135.
3. Options Oscillator Metrics:
* Low IVR (22.1%) indicates options premiums are cheaper, making directional plays favorable.
* Call bias (12.2%) suggests slight bullish sentiment, but resistance at $140 could cap gains.
Insights:
* NVDA is at a pivotal zone with strong gamma resistance and put support. A breakout above $140 or a breakdown below $133 will likely define the next directional move.
* Volume is Key: Watch for confirmation of breakouts or breakdowns with a spike in trading volume.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
1. Support and Resistance Levels:
* Immediate support at $133 (put wall) and $132 (gamma support).
* Resistance near $140 (call wall) and $142-$145 (gamma resistance zones).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is trading near these EMAs, showing indecision. A breakout above or rejection below these levels will provide clarity for scalping opportunities.
* MACD: Bullish crossover indicates potential upward momentum, but confirmation is needed with volume.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $138-$140.
* Target: $135, $133.
* Stop Loss: Above $141.
* Bullish Scenario:
* Entry: Breakout above $140 with volume.
* Target: $142, $145.
* Stop Loss: Below $138.
Swing/Day Trading Analysis for NVDA:
1. Trendlines:
* NVDA recently broke below a rising channel, signaling potential downside unless it reclaims the channel.
2. GEX Analysis:
* Strong resistance at $140 (call wall) and $145 (major gamma resistance).
* Solid put support at $133 and $130 suggests limited downside in the near term.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $133-$135 on support confirmation or breakout above $140.
* Target: $142, $145.
* Stop Loss: Below $132.
* Bearish Swing:
* Entry: Breakdown below $133 with retest confirmation.
* Target: $130, $127.
* Stop Loss: Above $135.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $140, $145.
* Put Wall: $133, $130.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $140 Call if NVDA sustains above $140 with volume.
* Target: Move toward $142-$145.
* Risk: $138.
* Bearish Play:
* Buy Jan 5th $130 Put if NVDA breaks below $133.
* Target: $130-$127.
* Risk: $135.
3. Options Oscillator Metrics:
* Low IVR (22.1%) indicates options premiums are cheaper, making directional plays favorable.
* Call bias (12.2%) suggests slight bullish sentiment, but resistance at $140 could cap gains.
Insights:
* NVDA is at a pivotal zone with strong gamma resistance and put support. A breakout above $140 or a breakdown below $133 will likely define the next directional move.
* Volume is Key: Watch for confirmation of breakouts or breakdowns with a spike in trading volume.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.