Nvidia 2-17 (scalping + forecast)
🔥 Trend: NVIDIA (NVDA) is showing a recovery after a recent correction. The short-term trend is bullish, but resistance is approaching.
Key Levels:
Resistance: $140 (critical breakout zone).
Support: $132.98 (key holding zone).
Indicators:
EMA 9: $136.25 (price above, indicating a short-term bullish trend).
EMA 200: $133.34 (supporting the recovery).
Supertrend: $132.98 (acting as a near-term support level).
MACD: Bullish crossover, indicating positive momentum.
RSI: 70.69, approaching overbought conditions, signaling potential resistance ahead.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $136–$137, targeting $140.
Sell near: $140, targeting $135 on retracement.
Stop-loss: Below $133 for risk management.
🩸 2. Breakout Scalping:
Long if price breaks above: $140, targeting $145.
Short if price fails at $140, targeting $135.
🩸 3. EMA/VWAP Strategy:
Price above EMA 9 and 200, indicating a continuation move.
Ideal to buy on pullbacks to EMA 9 ($136) for quick scalps.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If NVDA breaks $140, a continuation to $145–$150 is likely.
A rejection at $140 could trigger a pullback to $133–$130.
RSI suggests cautious optimism; overbought conditions may lead to short-term selling pressure.
🔥 News & Market Context:
Earnings Season: Upcoming earnings could drive volatility.
AI & Chip Demand: NVIDIA remains dominant in AI chip supply, providing long-term strength.
Tech Sector Performance: Strong overall, but macroeconomic factors could influence movement.
🔥 Decision:
🩸 Short-term: Scalping long above $136, but watching $140 resistance.
🩸 Mid-term: Bullish above $140, caution if rejected.
🩸 Ideal Play: Buy on dips, exit near $140 or breakout trade if $140 is cleared.
👑 Final Verdict: NVIDIA is positioned for a potential breakout, but resistance at $140 must be cleared. Traders should manage risk carefully, as RSI suggests the stock is nearing short-term overbought conditions.
🔥 LucanInvestor's Quote: "Opportunities lie at the edge of resistance. Break through, or step aside."
Key Levels:
Resistance: $140 (critical breakout zone).
Support: $132.98 (key holding zone).
Indicators:
EMA 9: $136.25 (price above, indicating a short-term bullish trend).
EMA 200: $133.34 (supporting the recovery).
Supertrend: $132.98 (acting as a near-term support level).
MACD: Bullish crossover, indicating positive momentum.
RSI: 70.69, approaching overbought conditions, signaling potential resistance ahead.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping:
Buy near: $136–$137, targeting $140.
Sell near: $140, targeting $135 on retracement.
Stop-loss: Below $133 for risk management.
🩸 2. Breakout Scalping:
Long if price breaks above: $140, targeting $145.
Short if price fails at $140, targeting $135.
🩸 3. EMA/VWAP Strategy:
Price above EMA 9 and 200, indicating a continuation move.
Ideal to buy on pullbacks to EMA 9 ($136) for quick scalps.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If NVDA breaks $140, a continuation to $145–$150 is likely.
A rejection at $140 could trigger a pullback to $133–$130.
RSI suggests cautious optimism; overbought conditions may lead to short-term selling pressure.
🔥 News & Market Context:
Earnings Season: Upcoming earnings could drive volatility.
AI & Chip Demand: NVIDIA remains dominant in AI chip supply, providing long-term strength.
Tech Sector Performance: Strong overall, but macroeconomic factors could influence movement.
🔥 Decision:
🩸 Short-term: Scalping long above $136, but watching $140 resistance.
🩸 Mid-term: Bullish above $140, caution if rejected.
🩸 Ideal Play: Buy on dips, exit near $140 or breakout trade if $140 is cleared.
👑 Final Verdict: NVIDIA is positioned for a potential breakout, but resistance at $140 must be cleared. Traders should manage risk carefully, as RSI suggests the stock is nearing short-term overbought conditions.
🔥 LucanInvestor's Quote: "Opportunities lie at the edge of resistance. Break through, or step aside."
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.