📊 Market Breakdown
NVDA is trading at $182.70 and pressing into the Premium/Supply Zone ($184.36). The stock is riding a strong ascending wedge pattern, but with RSI at 69.70 (near overbought) and price stretched from the equilibrium, we’re at a critical decision point.
Trend: Strong uptrend from the $123–$135 base, breaking above previous highs.
Key Structure: Price launched from the equilibrium zone (~$135), skipping retests and heading straight toward supply.
Volume: Recent push has healthy volume, but we’re starting to see signs of slowing.
Indicators:
MACD: Bullish but momentum is flattening.
RSI: 69.70 – close to overbought, increasing risk of pullback.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Bounce from $175–$178 support within wedge
✅ Confirmation Entry: Break & daily close above $185 with volume
Take Profits:
1️⃣ $195 – Psychological round number
2️⃣ $210 – Wedge breakout target
3️⃣ $225 – Extension target if momentum remains strong
Stop-Loss: $172
Why This Works: Breakout above $185 clears supply and could spark a momentum run to $195+ in 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $184–$185 supply zone
📉 Breakdown Entry: Close below $175 support
Take Profits:
1️⃣ $160 – Mid-wedge support
2️⃣ $135 – Equilibrium zone
3️⃣ $123 – Major prior demand
Stop-Loss: $188
Why This Works: Rejection at supply with overbought RSI could send NVDA back toward $160–$135 in 1–2 weeks.
🔍 Technical Highlights
Pattern: Ascending wedge nearing apex; breakout or breakdown imminent.
Supply Zone Test: $185 is a key resistance level; watch reaction closely.
Macro Watch: NVDA is highly sensitive to AI sector momentum and NASDAQ performance.
⏳ Option Expiration Strategy:
1 Week: Rejection play off $185
2–3 Weeks: Breakout targeting $195–$210
NVDA is trading at $182.70 and pressing into the Premium/Supply Zone ($184.36). The stock is riding a strong ascending wedge pattern, but with RSI at 69.70 (near overbought) and price stretched from the equilibrium, we’re at a critical decision point.
Trend: Strong uptrend from the $123–$135 base, breaking above previous highs.
Key Structure: Price launched from the equilibrium zone (~$135), skipping retests and heading straight toward supply.
Volume: Recent push has healthy volume, but we’re starting to see signs of slowing.
Indicators:
MACD: Bullish but momentum is flattening.
RSI: 69.70 – close to overbought, increasing risk of pullback.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Bounce from $175–$178 support within wedge
✅ Confirmation Entry: Break & daily close above $185 with volume
Take Profits:
1️⃣ $195 – Psychological round number
2️⃣ $210 – Wedge breakout target
3️⃣ $225 – Extension target if momentum remains strong
Stop-Loss: $172
Why This Works: Breakout above $185 clears supply and could spark a momentum run to $195+ in 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $184–$185 supply zone
📉 Breakdown Entry: Close below $175 support
Take Profits:
1️⃣ $160 – Mid-wedge support
2️⃣ $135 – Equilibrium zone
3️⃣ $123 – Major prior demand
Stop-Loss: $188
Why This Works: Rejection at supply with overbought RSI could send NVDA back toward $160–$135 in 1–2 weeks.
🔍 Technical Highlights
Pattern: Ascending wedge nearing apex; breakout or breakdown imminent.
Supply Zone Test: $185 is a key resistance level; watch reaction closely.
Macro Watch: NVDA is highly sensitive to AI sector momentum and NASDAQ performance.
⏳ Option Expiration Strategy:
1 Week: Rejection play off $185
2–3 Weeks: Breakout targeting $195–$210
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.