NVDA Analysis in Three Trading Strategies
1. GEX Analysis for Options Trading
Gamma Levels and Key Insights:
* Support Levels:
* $130: Major put support, showing strong downside protection.
* $128: Next support level (3rd Put Wall).
* Resistance Levels:
* $134: HVL (High Volatility Level) and pivotal gamma level for upside moves.
* $136: Highest NET GEX, indicating a strong resistance zone.
* $137–$140: Major call wall resistance.
* IV and Sentiment:
* IVR: 38.9, suggesting moderate implied volatility.
* Calls %: Moderate at 37.3%, indicating mixed sentiment.
Options Strategy:
* Bullish:
* Buy calls above $134 with a target at $136 and $137.
* Use $132 as a stop-loss.
* Bearish:
* Buy puts below $130 with a target of $128 and $126.
* Use $132 as a stop-loss.
2. 1-Hour Chart for Swing/Day Trading
Key Observations:
* Trend: Downtrend with lower highs and lower lows, confirming bearish sentiment.
* Support and Resistance:
* Support at $130, aligned with gamma levels.
* Resistance at $134.
* Indicators:
* EMA (9/21): Bearish alignment with price below both EMAs.
* MACD: Bearish crossover, confirming downside momentum.
Swing/Day Trading Setup:
* Bullish:
* Entry: Above $134 with volume.
* Target: $136 and $137.
* Stop-loss: Below $133.
* Bearish:
* Entry: Below $130.
* Target: $128 and $126.
* Stop-loss: Above $132.
3. 2-Minute Chart for Scalping
Key Observations:
* Trend: Strong intraday selling pressure with no significant recovery.
* Scalping Levels:
* Resistance: $131.20.
* Support: $130.00.
* Volume:
* Selling pressure increased during the latter half of the session.
* Indicators:
* EMA (9/21): Dynamic resistance, confirming bearish structure.
* MACD: Bearish divergence with no signs of reversal.
Scalping Strategy:
* Bullish:
* Entry: Break above $131.20.
* Target: $132.00.
* Stop-loss: Below $131.00.
* Bearish:
* Entry: Break below $130.00.
* Target: $129.00.
* Stop-loss: Above $130.20.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
Gamma Levels and Key Insights:
* Support Levels:
* $130: Major put support, showing strong downside protection.
* $128: Next support level (3rd Put Wall).
* Resistance Levels:
* $134: HVL (High Volatility Level) and pivotal gamma level for upside moves.
* $136: Highest NET GEX, indicating a strong resistance zone.
* $137–$140: Major call wall resistance.
* IV and Sentiment:
* IVR: 38.9, suggesting moderate implied volatility.
* Calls %: Moderate at 37.3%, indicating mixed sentiment.
Options Strategy:
* Bullish:
* Buy calls above $134 with a target at $136 and $137.
* Use $132 as a stop-loss.
* Bearish:
* Buy puts below $130 with a target of $128 and $126.
* Use $132 as a stop-loss.
2. 1-Hour Chart for Swing/Day Trading
Key Observations:
* Trend: Downtrend with lower highs and lower lows, confirming bearish sentiment.
* Support and Resistance:
* Support at $130, aligned with gamma levels.
* Resistance at $134.
* Indicators:
* EMA (9/21): Bearish alignment with price below both EMAs.
* MACD: Bearish crossover, confirming downside momentum.
Swing/Day Trading Setup:
* Bullish:
* Entry: Above $134 with volume.
* Target: $136 and $137.
* Stop-loss: Below $133.
* Bearish:
* Entry: Below $130.
* Target: $128 and $126.
* Stop-loss: Above $132.
3. 2-Minute Chart for Scalping
Key Observations:
* Trend: Strong intraday selling pressure with no significant recovery.
* Scalping Levels:
* Resistance: $131.20.
* Support: $130.00.
* Volume:
* Selling pressure increased during the latter half of the session.
* Indicators:
* EMA (9/21): Dynamic resistance, confirming bearish structure.
* MACD: Bearish divergence with no signs of reversal.
Scalping Strategy:
* Bullish:
* Entry: Break above $131.20.
* Target: $132.00.
* Stop-loss: Below $131.00.
* Bearish:
* Entry: Break below $130.00.
* Target: $129.00.
* Stop-loss: Above $130.20.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately 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.