NVDA at a Critical Level! Will This Bounce Hold or Break?
Technical Analysis for February 27, 2025:
1. Current Price Action:
* NVDA saw a significant drop but found temporary support near $124.39, aligning with a key volume area.
* A falling wedge pattern has formed, with a slight breakout attempt before a rejection at $130-$132.
* Strong volume increase at the lows suggests buyers are stepping in.
2. Key Levels to Watch:
* Support: $124.39 (Previous low) → Critical level; if broken, next major demand zones are $120 & $115.
* Resistance: $130 - $132 (Point of Control - POC) → Needs a break for bullish continuation.
* Upside Targets: $138.50, $141.50, $143.44 (Major resistance walls).
3. Indicators Analysis:
* MACD: Bearish momentum but could reverse if volume increases.
* Stoch RSI: Oversold; potential for a short-term bounce.
* Volume Profile: Heavy resistance at $130-$132; low liquidity below $124 could accelerate downside.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $138.50, $143.44, $150 → Resistance areas; breaking these could trigger a gamma squeeze.
* Put Walls: $120, $118, $115 → Key support zones where market makers may buy back short positions.
2. IV & Sentiment:
* IVR: 59.4 (moderate)
* IVx Avg: 87.1 (elevated) → High implied volatility favors option sellers.
* Call Positioning: 16.9% bullish sentiment.
* GEX Sentiment: Slightly bearish for now but could flip bullish above $132.
3. Trading Suggestions:
* Bullish Setup: Long if NVDA reclaims $132; target $138-$143, stop $129.
* Bearish Setup: Short if NVDA fails to hold $130; target $124-$120, stop $133.
* Options Play: Selling put spreads at $120 support or call spreads near $143 resistance.
📌 My Thoughts & Suggestion:
* NVDA is in a make-or-break zone at $130-$132; a strong break here could lead to a recovery toward $138-$143.
* If market weakness continues, $124-$120 support could get tested.
* Be cautious with options as IV is high, making premiums expensive.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
1. Current Price Action:
* NVDA saw a significant drop but found temporary support near $124.39, aligning with a key volume area.
* A falling wedge pattern has formed, with a slight breakout attempt before a rejection at $130-$132.
* Strong volume increase at the lows suggests buyers are stepping in.
2. Key Levels to Watch:
* Support: $124.39 (Previous low) → Critical level; if broken, next major demand zones are $120 & $115.
* Resistance: $130 - $132 (Point of Control - POC) → Needs a break for bullish continuation.
* Upside Targets: $138.50, $141.50, $143.44 (Major resistance walls).
3. Indicators Analysis:
* MACD: Bearish momentum but could reverse if volume increases.
* Stoch RSI: Oversold; potential for a short-term bounce.
* Volume Profile: Heavy resistance at $130-$132; low liquidity below $124 could accelerate downside.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $138.50, $143.44, $150 → Resistance areas; breaking these could trigger a gamma squeeze.
* Put Walls: $120, $118, $115 → Key support zones where market makers may buy back short positions.
2. IV & Sentiment:
* IVR: 59.4 (moderate)
* IVx Avg: 87.1 (elevated) → High implied volatility favors option sellers.
* Call Positioning: 16.9% bullish sentiment.
* GEX Sentiment: Slightly bearish for now but could flip bullish above $132.
3. Trading Suggestions:
* Bullish Setup: Long if NVDA reclaims $132; target $138-$143, stop $129.
* Bearish Setup: Short if NVDA fails to hold $130; target $124-$120, stop $133.
* Options Play: Selling put spreads at $120 support or call spreads near $143 resistance.
📌 My Thoughts & Suggestion:
* NVDA is in a make-or-break zone at $130-$132; a strong break here could lead to a recovery toward $138-$143.
* If market weakness continues, $124-$120 support could get tested.
* Be cautious with options as IV is high, making premiums expensive.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
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