Trading Plan for NVDA
Technical Analysis & Price Action:
* Current Trend: NVDA is trading within an ascending channel, indicating a short-term uptrend. The price is approaching a key resistance zone near $146, while maintaining support at $140.
* Support Levels: Immediate support at $140.34 and stronger support at $137.83.
* Resistance Levels: Current resistance at $145.79. A breakout above $146 could test $150.
* Liquidity Zone: The $140-$142 zone shows significant buying interest, evident by the volume spike and price rejection from lower levels.
Order Block Insights:
* A bullish order block is identified around $140-$141, where large buying volumes emerged, pushing the price higher. This zone could serve as a re-entry point if the price pulls back.
Scalping Gameplan:
1. Entry for Scalping:
* Buy above $145.80 for a quick scalp targeting $146.50-$147.
* Look for a pullback to $140-$141 and enter on bullish confirmation for a tight stop-loss setup.
2. Stop Loss: Place stop-loss slightly below $139.50 to manage risk.
3. Exit Targets: For scalping, take profit near $146.50-$147 and adjust based on momentum.
Swing Trade Strategy:
* Bullish Outlook: Enter above $146 on a confirmed breakout for a swing trade targeting $150-$152. Set stop-loss below $140 for risk management.
* Bearish Outlook: If the price fails to hold $140, a short trade could target $137.80, with stop-loss above $142.
Suggestions & Projections:
* NVDA is exhibiting bullish momentum, but the overextended MACD hints at a potential pullback. Watch for volume confirmation near resistance before entering.
* For scalping, stick to tight levels and monitor volatility. Swing traders can wait for a breakout above $146 or a retest of $140 for optimal entries.
Thoughts:
* NVDA is showing strength, supported by robust volume, but caution is advised as the stock nears resistance. A breakout could attract fresh buyers, pushing the stock higher.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
Technical Analysis & Price Action:
* Current Trend: NVDA is trading within an ascending channel, indicating a short-term uptrend. The price is approaching a key resistance zone near $146, while maintaining support at $140.
* Support Levels: Immediate support at $140.34 and stronger support at $137.83.
* Resistance Levels: Current resistance at $145.79. A breakout above $146 could test $150.
* Liquidity Zone: The $140-$142 zone shows significant buying interest, evident by the volume spike and price rejection from lower levels.
Order Block Insights:
* A bullish order block is identified around $140-$141, where large buying volumes emerged, pushing the price higher. This zone could serve as a re-entry point if the price pulls back.
Scalping Gameplan:
1. Entry for Scalping:
* Buy above $145.80 for a quick scalp targeting $146.50-$147.
* Look for a pullback to $140-$141 and enter on bullish confirmation for a tight stop-loss setup.
2. Stop Loss: Place stop-loss slightly below $139.50 to manage risk.
3. Exit Targets: For scalping, take profit near $146.50-$147 and adjust based on momentum.
Swing Trade Strategy:
* Bullish Outlook: Enter above $146 on a confirmed breakout for a swing trade targeting $150-$152. Set stop-loss below $140 for risk management.
* Bearish Outlook: If the price fails to hold $140, a short trade could target $137.80, with stop-loss above $142.
Suggestions & Projections:
* NVDA is exhibiting bullish momentum, but the overextended MACD hints at a potential pullback. Watch for volume confirmation near resistance before entering.
* For scalping, stick to tight levels and monitor volatility. Swing traders can wait for a breakout above $146 or a retest of $140 for optimal entries.
Thoughts:
* NVDA is showing strength, supported by robust volume, but caution is advised as the stock nears resistance. A breakout could attract fresh buyers, pushing the stock higher.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence 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.