📊 Market Structure & Trend Analysis
* NVDA is trading within a descending channel, with lower highs and lower lows defining the structure.
* The price has entered a key reversal zone but remains below the resistance trendline.
* A potential breakout above $110 could signal a shift in momentum.
📍 Support & Resistance Levels
* Resistance Levels:
* $110 – Short-term resistance, within the rejection zone.
* $126-$130 – Major CALL resistance zone, confirmed by GEX data.
* $134.94 – Highest resistance from previous structure.
* Support Levels:
* $105 – Immediate support, aligning with high negative GEX (PUT Wall).
* $100 – Psychological support level.
* $95-$90 – Deep support zone, if NVDA fails to hold current levels.
🌀 GEX & Options Data Insights
* 📊 Call Resistance at $130-$135: Strong gamma resistance could limit upside.
* 🔻 Negative GEX at $105: This suggests a high concentration of PUTs, making it a potential support zone.
* 📈 Implied Volatility (IV):
* IV Rank: 51.6 (Moderate)
* IVx Avg: 72.3 (Currently low, meaning options are relatively cheaper)
* Call Activity: 14.7%, indicating weak bullish participation.
* 🔺 Bullish Breakout Target: If NVDA moves above $110, potential upside towards $126-$130.
* 🔻 Bearish Breakdown Target: If NVDA fails to hold $105, it may test $100 or lower.
🎯 Trade Setups
🔵 Bullish Scenario (Breakout Above $110)
* Entry: Above $110 with volume confirmation.
* Targets: $126, $130.
* Stop-Loss: Below $105.
🔴 Bearish Scenario (Rejection at $110)
* Entry: Below $109 after confirmation.
* Targets: $105, $100.
* Stop-Loss: Above $112.
⚠️ Final Thoughts & Risk Management
* NVDA is at a critical juncture – a breakout could push it toward higher resistance zones, but failure here may lead to a retest of $100.
* Monitor volume and momentum indicators (MACD, RSI) for confirmation.
* Options flow suggests a weak bullish push, so careful position sizing is key.
📌 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk appropriately. 🚀
* NVDA is trading within a descending channel, with lower highs and lower lows defining the structure.
* The price has entered a key reversal zone but remains below the resistance trendline.
* A potential breakout above $110 could signal a shift in momentum.
📍 Support & Resistance Levels
* Resistance Levels:
* $110 – Short-term resistance, within the rejection zone.
* $126-$130 – Major CALL resistance zone, confirmed by GEX data.
* $134.94 – Highest resistance from previous structure.
* Support Levels:
* $105 – Immediate support, aligning with high negative GEX (PUT Wall).
* $100 – Psychological support level.
* $95-$90 – Deep support zone, if NVDA fails to hold current levels.
🌀 GEX & Options Data Insights
* 📊 Call Resistance at $130-$135: Strong gamma resistance could limit upside.
* 🔻 Negative GEX at $105: This suggests a high concentration of PUTs, making it a potential support zone.
* 📈 Implied Volatility (IV):
* IV Rank: 51.6 (Moderate)
* IVx Avg: 72.3 (Currently low, meaning options are relatively cheaper)
* Call Activity: 14.7%, indicating weak bullish participation.
* 🔺 Bullish Breakout Target: If NVDA moves above $110, potential upside towards $126-$130.
* 🔻 Bearish Breakdown Target: If NVDA fails to hold $105, it may test $100 or lower.
🎯 Trade Setups
🔵 Bullish Scenario (Breakout Above $110)
* Entry: Above $110 with volume confirmation.
* Targets: $126, $130.
* Stop-Loss: Below $105.
🔴 Bearish Scenario (Rejection at $110)
* Entry: Below $109 after confirmation.
* Targets: $105, $100.
* Stop-Loss: Above $112.
⚠️ Final Thoughts & Risk Management
* NVDA is at a critical juncture – a breakout could push it toward higher resistance zones, but failure here may lead to a retest of $100.
* Monitor volume and momentum indicators (MACD, RSI) for confirmation.
* Options flow suggests a weak bullish push, so careful position sizing is key.
📌 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk appropriately. 🚀
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.