Technical Analysis (1H Chart)
NVDA is riding a strong intraday uptrend within a clean ascending channel. Price is now sitting just under the key resistance zone around 115, which aligns with a prior high and the top of the current structure. This level also matches the upper boundary of the rising channel, making it a high-confluence breakout point.
* Support zones: $103.07 (prior breakdown area), followed by $92.53 (major swing low).
* Resistance: $115.05 — a critical decision zone.
* Volume: Increasing on bullish candles, suggesting buyer interest.
* RSI: Sitting just below overbought, indicating room for a breakout continuation before exhaustion.
* Outlook: Holding above the mid-channel trendline signals strength. A push and close above 115 could unlock a rapid move toward 120–125.
GEX Options Insight
The options market is showing strong bullish positioning:
* Highest positive NETGEX / Call Wall at 115 – this level acts as a magnet and resistance.
* 80.79% Call Wall at 130, with stacked gamma walls at 120 and 125.
* PUT Support sits at 100, reinforced by -51.01% and -29.42% put walls.
Options Sentiment:
* IVR: 61.2 — moderately elevated.
* IVx Avg: 81 — above average.
* Put Flow: 3.6% only — heavy CALL interest.
* GEX Flow: 🔵🟢🟢 — indicating net bullish pressure.
🧠 Trade Setups
For Stock Traders:
* Breakout Entry: If NVDA breaks and holds above 115, target the next gamma wall at 120–125.
* Support Bounce: Buy near 103 if it pulls back and confirms support.
* Stop-loss: Below $100.
For Options Traders:
* Call Spread: Buy 115C / Sell 125C for 4/26 or 5/3 expiry. Defined risk, targeting gamma extension.
* Put Credit Spread: Sell 100P / Buy 95P if expecting continued support at $100.
* Avoid shorting calls — heavy bullish GEX tilt suggests further upside pressure.
🔍 Final Thoughts
NVDA is one of the cleanest large-cap setups right now. Both the chart structure and GEX sentiment align for potential continuation trades to the upside, especially on a confirmed 115 breakout. While broad markets remain shaky, NVDA is flashing clear relative strength, backed by options flow and technical positioning.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
NVDA is riding a strong intraday uptrend within a clean ascending channel. Price is now sitting just under the key resistance zone around 115, which aligns with a prior high and the top of the current structure. This level also matches the upper boundary of the rising channel, making it a high-confluence breakout point.
* Support zones: $103.07 (prior breakdown area), followed by $92.53 (major swing low).
* Resistance: $115.05 — a critical decision zone.
* Volume: Increasing on bullish candles, suggesting buyer interest.
* RSI: Sitting just below overbought, indicating room for a breakout continuation before exhaustion.
* Outlook: Holding above the mid-channel trendline signals strength. A push and close above 115 could unlock a rapid move toward 120–125.
GEX Options Insight
The options market is showing strong bullish positioning:
* Highest positive NETGEX / Call Wall at 115 – this level acts as a magnet and resistance.
* 80.79% Call Wall at 130, with stacked gamma walls at 120 and 125.
* PUT Support sits at 100, reinforced by -51.01% and -29.42% put walls.
Options Sentiment:
* IVR: 61.2 — moderately elevated.
* IVx Avg: 81 — above average.
* Put Flow: 3.6% only — heavy CALL interest.
* GEX Flow: 🔵🟢🟢 — indicating net bullish pressure.
🧠 Trade Setups
For Stock Traders:
* Breakout Entry: If NVDA breaks and holds above 115, target the next gamma wall at 120–125.
* Support Bounce: Buy near 103 if it pulls back and confirms support.
* Stop-loss: Below $100.
For Options Traders:
* Call Spread: Buy 115C / Sell 125C for 4/26 or 5/3 expiry. Defined risk, targeting gamma extension.
* Put Credit Spread: Sell 100P / Buy 95P if expecting continued support at $100.
* Avoid shorting calls — heavy bullish GEX tilt suggests further upside pressure.
🔍 Final Thoughts
NVDA is one of the cleanest large-cap setups right now. Both the chart structure and GEX sentiment align for potential continuation trades to the upside, especially on a confirmed 115 breakout. While broad markets remain shaky, NVDA is flashing clear relative strength, backed by options flow and technical positioning.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
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.