Technical Analysis for NVDA
* NVDA is trading near the descending wedge pattern, showing potential for a breakout or retest. The key range for the day is $137 to $141.
* Indicators:
* The MACD is slightly bullish, signaling possible momentum.
* The 9 EMA and 21 EMA are converging, indicating a potential breakout or breakdown in volatility.
Key Levels to Watch
* Support: $132 (critical demand zone), $126.35 (strong floor).
* Resistance: $141 (gamma wall and psychological level), $150 (next major gamma resistance).
GEX Analysis for Options
* Gamma Levels:
* Call Walls: $141 and $150 serve as key resistance.
* Put Walls: $132 and $130 act as strong support zones.
* Options Oscillator Insights:
* IVR: 20.7, showing relatively low implied volatility.
* Call/Put Ratio: Neutral to slightly bullish, with 20.1% Calls.
* GEX: -10.18% at $132, indicating significant put-side support.
Trading Scenarios
1. Bullish Scenario
* Entry: Above $140.
* Target 1: $145, Target 2: $150.
* Stop-Loss: Below $138.
2. Bearish Scenario
* Entry: Below $132.
* Target 1: $130, Target 2: $126.
* Stop-Loss: Above $135.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
* NVDA is trading near the descending wedge pattern, showing potential for a breakout or retest. The key range for the day is $137 to $141.
* Indicators:
* The MACD is slightly bullish, signaling possible momentum.
* The 9 EMA and 21 EMA are converging, indicating a potential breakout or breakdown in volatility.
Key Levels to Watch
* Support: $132 (critical demand zone), $126.35 (strong floor).
* Resistance: $141 (gamma wall and psychological level), $150 (next major gamma resistance).
GEX Analysis for Options
* Gamma Levels:
* Call Walls: $141 and $150 serve as key resistance.
* Put Walls: $132 and $130 act as strong support zones.
* Options Oscillator Insights:
* IVR: 20.7, showing relatively low implied volatility.
* Call/Put Ratio: Neutral to slightly bullish, with 20.1% Calls.
* GEX: -10.18% at $132, indicating significant put-side support.
Trading Scenarios
1. Bullish Scenario
* Entry: Above $140.
* Target 1: $145, Target 2: $150.
* Stop-Loss: Below $138.
2. Bearish Scenario
* Entry: Below $132.
* Target 1: $130, Target 2: $126.
* Stop-Loss: Above $135.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
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.