NVIDIA - Scalping + Forecast (2-19)
🔥 Market Overview (NVIDIA - NVDA)
Trend: Bullish recovery after a consolidation phase.
Key Levels:
Resistance: $142.04 (Supertrend level)
Support: $132.88 (200 EMA), $138.29 (Intermediate support)
Indicators:
EMA 9: $140.21 (Price hovering around short-term trend)
EMA 200: $132.88 (Strong support)
MACD: Bearish momentum fading, but still negative.
RSI: 59.19, approaching overbought zone.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $138.50-$139.00, targeting $142.00.
Sell near: $142.00, targeting $138.50.
Stop-loss: Below $137.50.
🩸 2. Breakout Scalping (If $142.50 Breaks)
Buy above: $142.50, targeting $145-$147.
Stop-loss: Below $141.50.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $142.00, targeting $138.50.
Buy near: $138.50, targeting $142.00.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
NVDA needs to break $142.50 to confirm a continued bullish rally.
If rejected at $142.00, expect a pullback to $138.50.
MACD shows signs of recovery but remains weak.
🔥 News & Market Context
NVIDIA remains a market leader in AI and GPU sectors, with high institutional interest.
Investor sentiment remains strong, but macroeconomic factors could influence movement.
Earnings and sector-wide tech performance will play a role in confirming a breakout.
🔥 Decision:
🩸 Short-term: Range scalp between $138.50-$142.00.
🩸 Mid-term: Wait for confirmation of $142.50 breakout.
🩸 Ideal Play: Short near $142.00 if rejection; buy on a confirmed breakout above $142.50.
👑 Final Verdict:
NVDA is at a key resistance zone. A breakout above $142.50 could push towards $145+, while rejection could bring a pullback to $138.50.
🔥 LucanInvestor's Quote:
"The market is a battlefield—know when to strike, and when to hold." 👑
Trend: Bullish recovery after a consolidation phase.
Key Levels:
Resistance: $142.04 (Supertrend level)
Support: $132.88 (200 EMA), $138.29 (Intermediate support)
Indicators:
EMA 9: $140.21 (Price hovering around short-term trend)
EMA 200: $132.88 (Strong support)
MACD: Bearish momentum fading, but still negative.
RSI: 59.19, approaching overbought zone.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $138.50-$139.00, targeting $142.00.
Sell near: $142.00, targeting $138.50.
Stop-loss: Below $137.50.
🩸 2. Breakout Scalping (If $142.50 Breaks)
Buy above: $142.50, targeting $145-$147.
Stop-loss: Below $141.50.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $142.00, targeting $138.50.
Buy near: $138.50, targeting $142.00.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
NVDA needs to break $142.50 to confirm a continued bullish rally.
If rejected at $142.00, expect a pullback to $138.50.
MACD shows signs of recovery but remains weak.
🔥 News & Market Context
NVIDIA remains a market leader in AI and GPU sectors, with high institutional interest.
Investor sentiment remains strong, but macroeconomic factors could influence movement.
Earnings and sector-wide tech performance will play a role in confirming a breakout.
🔥 Decision:
🩸 Short-term: Range scalp between $138.50-$142.00.
🩸 Mid-term: Wait for confirmation of $142.50 breakout.
🩸 Ideal Play: Short near $142.00 if rejection; buy on a confirmed breakout above $142.50.
👑 Final Verdict:
NVDA is at a key resistance zone. A breakout above $142.50 could push towards $145+, while rejection could bring a pullback to $138.50.
🔥 LucanInvestor's Quote:
"The market is a battlefield—know when to strike, and when to hold." 👑
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.