Neutral to slightly bearish setup until earnings.
If it holds the channel support, there is a strong upside potential.
If it breaks down, a move toward 120 or lower is likely.
Earnings will be the key driver. If you are considering a trade, waiting for post-earnings confirmation is safer.
If it holds the channel support, there is a strong upside potential.
If it breaks down, a move toward 120 or lower is likely.
Earnings will be the key driver. If you are considering a trade, waiting for post-earnings confirmation is safer.
Note
If the S&P 500 closes in the red, it might change overall market sentiment. Therefore, it may not be a good idea to buy calls on NVDA.
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.