$NVDA Jack in Box

Updated

Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them.

The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other.

The polygon is more like a zone where the probability of being penetrated is much lower than in other areas of the chart. This zone can provide a reversal too if it is accurate.

I will also be looking for potential consolidations inside the bigger rectangles which can lead to a breakout scenario from them, but I might be wrong on this envisioned scenario. Time will tell.

Will also try to cover with comments any relevant interesting Candlestick setups that catch my attention or interest.

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Interesting situation at the first rectangle suggesting potential support. I wouldn't go long right now right here to be honest. One main scenario that I have in mind and I would prefer is a slide for lower ground and a buying the dip opportunity around the earnings report (maybe best before).

Still, this level right here could get interesting and I wouldn't rule out a bounce from it eventually towards the bigger red lurking above.

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Interesting rebound from the marked price level. Not an ideal setup for me, I don't know if the pink long rectangle will be retested or pierced and while I can see the case for this to eventually revisit 860~ I will stay on the sidelines and wait for a more clearer picture.

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890~ was the high and we are back at the plank. Approaching the vertical white stamp where significant changes can occur, with enough time until earnings for any move in either way. Speaking of earnings is anyone really expecting potential bad results from the stock of the year? Interesting situation. Watching this closely.

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Rebound from the pink plank. This could lead to 900 this time. Not sure if the red will be touched. Waiting to see where this stands near the vertical white time stamp.

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Right under the big red, right at the time stamp of the white rectangle. Signs of resistance, and if this holds we can see 845 again until earnings report as a breather for the bulls. Time will tell. I am not sure what to say about the scenario of a break of the lower edge of the big red because there are 2 ramifications for this: break with or without a retest, or a bull trap.

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Consolidation and a break. Only 2 potentially relevant levels for support/resistance are the edges of the rectangle for now.

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Some support found found at the lower edge of the rectangle but earnings report coming soon. One potential is for the good numbers to propel this on the other side of the rectangle zone, but nothing is certain regardless of any bullish bias for this company and the stock.

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Next step would be the green marked price level.

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Sliding up beyond the green marked price level. Not convinced it has enough steam to go for the top cyan plank. Maybe a visit of the blue rectangle corner further down the road.

nen

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