📊 Technical Analysis (TA):
1. Trend & Structure:
* NVDA remains in a strong downtrend, with multiple Break of Structure (BOS) signals confirming bearish control.
* A recent Change of Character (ChoCH) attempt suggests a possible reversal, but confirmation is needed.
* Key Resistance: ~120-126 (supply zone)
* Support Zone: ~110-113 (current demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Starting to show signs of slowing momentum, potential for a bullish crossover.
* Stochastic RSI: Deeply oversold, indicating a possible mean reversion bounce.
* Volume Spike: Increasing volume at support suggests institutional accumulation.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 126-130: Strong resistance where gamma resistance intensifies.
* 140: Major call wall, unlikely to be tested without a strong reversal.
2. Put Walls (Support) 🛑
* 110: Highest negative NETGEX, meaning a breakdown could accelerate selling pressure.
* 100-95: Next major support levels if 110 fails.
3. IV Rank & Skew:
* IVR 54.5, indicating mid-to-high implied volatility.
* Puts are dominating, at 81.35% of second-wall exposure.
* Calls only 11.2%, suggesting bearish sentiment remains strong.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If NVDA holds 110-113, expect a short squeeze rally toward 120-125.
* Ideal trade: April 115C or 120C, targeting a reversal move.
* Bearish Breakdown Scenario:
* If NVDA loses 110, downside targets extend to 100-105.
* Ideal Put Play: Buy March-April 110P or 105P targeting 95-100.
⚠️ Key Warning: A strong bounce is possible, but failure to reclaim 115 quickly will favor more downside.
🔥 Conclusion: NVDA at a Pivotal Level – Rebound or Freefall?
NVIDIA is testing a key support area with early reversal signals, but bears still dominate options flow. The next few sessions will determine if bulls can defend this zone or if we see another leg down. Stay cautious and watch price action near 110-113 before making a move. 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
1. Trend & Structure:
* NVDA remains in a strong downtrend, with multiple Break of Structure (BOS) signals confirming bearish control.
* A recent Change of Character (ChoCH) attempt suggests a possible reversal, but confirmation is needed.
* Key Resistance: ~120-126 (supply zone)
* Support Zone: ~110-113 (current demand area)
2. Indicators Suggesting a Possible Reversal:
* MACD: Starting to show signs of slowing momentum, potential for a bullish crossover.
* Stochastic RSI: Deeply oversold, indicating a possible mean reversion bounce.
* Volume Spike: Increasing volume at support suggests institutional accumulation.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 126-130: Strong resistance where gamma resistance intensifies.
* 140: Major call wall, unlikely to be tested without a strong reversal.
2. Put Walls (Support) 🛑
* 110: Highest negative NETGEX, meaning a breakdown could accelerate selling pressure.
* 100-95: Next major support levels if 110 fails.
3. IV Rank & Skew:
* IVR 54.5, indicating mid-to-high implied volatility.
* Puts are dominating, at 81.35% of second-wall exposure.
* Calls only 11.2%, suggesting bearish sentiment remains strong.
📌 Trading Plan & Suggestions:
* Bullish Reversal Scenario:
* If NVDA holds 110-113, expect a short squeeze rally toward 120-125.
* Ideal trade: April 115C or 120C, targeting a reversal move.
* Bearish Breakdown Scenario:
* If NVDA loses 110, downside targets extend to 100-105.
* Ideal Put Play: Buy March-April 110P or 105P targeting 95-100.
⚠️ Key Warning: A strong bounce is possible, but failure to reclaim 115 quickly will favor more downside.
🔥 Conclusion: NVDA at a Pivotal Level – Rebound or Freefall?
NVIDIA is testing a key support area with early reversal signals, but bears still dominate options flow. The next few sessions will determine if bulls can defend this zone or if we see another leg down. Stay cautious and watch price action near 110-113 before making a move. 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
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.