For #Nvidia, $154 is not a dream#Nvda 1D chart;
Continues its 8-month steady rise from the beginning of the year to today
It had given the first bearish signal with its divergence in the $140 zone, which is the Ath level.
As of the $90 level, the bullish pattern started and the target points are as in the chart.
Nvdacall
NVDA Possible Option Play - $126 Call expiring June 28, 2024Data Summary:
Open: 123.24
High: 126.50
Low: 118.04
Close: 125.76
Change: -0.81 (-0.64%)
Volume: 820.663M
Last Day Change: +7.65 (+6.48%)
SMA 50: 67.66
EMA 20: 98.03
Pivot Points:
Pivot R2: 131.91
Pivot R1: 128.85
Pivot S1: 120.39
Pivot S2: 114.99
Breakout SMA 21: 65.44
Technical Analysis:
Current Price Movement:
The stock is trading at 125.76, which is above the EMA 20 (98.03) and the SMA 50 (67.66), indicating a strong bullish trend.
The significant increase in the last day (+6.48%) shows strong buying momentum.
Pivot Points:
The stock is trading just below Pivot R1 (128.85), suggesting a key resistance level.
Support levels are at Pivot S1 (120.39) and Pivot S2 (114.99).
Volume:
The volume of 820.663M is significantly high, indicating strong trading activity and interest in the stock.
Preferred Option Play:
Call Option Play:
Buy NVDA $126 Call expiring June 28, 2024
Last Price: $4.10
Rationale:
The stock is showing strong bullish momentum, trading above key moving averages and near the resistance level.
A Call option leverages the potential upward movement towards the resistance levels.
Summary:
Based on the technical indicators and the current price being near resistance levels, a Call option is preferred to capture potential upward movement.
This strategy is speculative and should be considered with caution. Always consider your risk tolerance and consult with a financial advisor before making any trades.
$NVDA ride the wave after earnings. $NVDA could make a possible bullish reversal here after a good earning results. although NVDA made a record breaking profits it doesn't mean it would be bullish tomorrow.
overall market still looking very choppy and bearish. wait about an hour to find your entry if you want to get in cheaper prices for options.
Day trade or scalp target play: 02/17/22
Buy call above 268.00 sell at 272.00
Buy puts below 255.00 sell at 249.00
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
$NVDA Option Play | Earnings Continuation?$NVDA Technical Analysis & This Week's Option Play
Will NVDA hit $430?
NVDA Headlines:
Chip stocks in focus, as NVDA surpasses INTC
Nvidia gets Street-high price target on console catalyst
The Play:
- If we can hold this channel support expect to see $430-$435 within the next 2 weeks. We're looking to play the continuation into earnings.
NVDA $435 7/17 @ $300-350 per contract
or
NVDA $435 Call 7/24 @ $750-$800 per contract
If you can afford it, I personally prefer the 7/24 contract.
Do not trade this
DotcomJack





