NVDA Breakout Alert! Bulls Taking Control
🚀NVDA is showing strong momentum, breaking out of a consolidation phase and eyeing key resistance levels. Here's what traders need to watch.
📊 Technical Overview:
* Current Price: $135.05
* Support Levels: $130.04, $129.09, $125.00
* Resistance Levels: $136.50, $140.00
* Trend: Bullish breakout
* Indicators:
* MACD: Bullish momentum confirmed with a strong crossover.
* Stochastic RSI: Overbought, indicating possible short-term retracement but still bullish.
* Volume: Increasing buying pressure, signaling strong interest.
📈 Key Trade Setups:
🔷 Bullish Scenario:
* A break above $136.50 could push NVDA toward $140.00 and beyond.
* Calls or stock entry above $136 targeting $140, $145+.
* Stop loss: $133.00
🔻 Bearish Scenario:
* If NVDA fails to hold $133, a pullback to $130-$129 is likely.
* Puts or short position below $130, targeting $125.
* Stop loss: $136.00
📊 Options Market Insight (GEX Analysis):
* Highest Gamma Resistance: $140
* Call Walls: $140, $145 (Potential resistance levels)
* Put Support: $130, $125 (Stronger buying interest)
* Options Sentiment: 44.3% Calls, Bullish bias
🚀 Trade Outlook:
NVDA is breaking out with strong buying momentum. If bulls push through $136.50, we could see a fast move towards $140+. However, a rejection here could bring a short-term pullback. Watch for volume confirmation and market sentiment.
📌 Final Thought: NVDA is a HOT stock on the radar, moving aggressively! Keep an eye on key levels for potential high-probability trade setups.
🔹 This analysis is for educational purposes only. Trade at your own risk!
📊 Technical Overview:
* Current Price: $135.05
* Support Levels: $130.04, $129.09, $125.00
* Resistance Levels: $136.50, $140.00
* Trend: Bullish breakout
* Indicators:
* MACD: Bullish momentum confirmed with a strong crossover.
* Stochastic RSI: Overbought, indicating possible short-term retracement but still bullish.
* Volume: Increasing buying pressure, signaling strong interest.
📈 Key Trade Setups:
🔷 Bullish Scenario:
* A break above $136.50 could push NVDA toward $140.00 and beyond.
* Calls or stock entry above $136 targeting $140, $145+.
* Stop loss: $133.00
🔻 Bearish Scenario:
* If NVDA fails to hold $133, a pullback to $130-$129 is likely.
* Puts or short position below $130, targeting $125.
* Stop loss: $136.00
📊 Options Market Insight (GEX Analysis):
* Highest Gamma Resistance: $140
* Call Walls: $140, $145 (Potential resistance levels)
* Put Support: $130, $125 (Stronger buying interest)
* Options Sentiment: 44.3% Calls, Bullish bias
🚀 Trade Outlook:
NVDA is breaking out with strong buying momentum. If bulls push through $136.50, we could see a fast move towards $140+. However, a rejection here could bring a short-term pullback. Watch for volume confirmation and market sentiment.
📌 Final Thought: NVDA is a HOT stock on the radar, moving aggressively! Keep an eye on key levels for potential high-probability trade setups.
🔹 This analysis is for educational purposes only. Trade at your own 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.