Hello traders,
Here’s my technical analysis for NVIDIA (NVDA). The stock is currently positioned near critical levels, offering opportunities for a strategic long-term bullish play.
Key Levels and Observations:
First Buy Level: $130
The first area of interest lies at $130, aligning with the previous price structure. This could act as an initial support zone for a potential bounce.
Second Buy Level: $115
A stronger demand zone at $115, supported by historical reactions and aligning with imbalance zones, offering a better risk-to-reward entry point.
Third Buy Level: $100
This level provides the strongest long-term buying opportunity, with significant support from imbalances and historical confluence.
Imbalances and Gaps:
Two key gaps ($135-$140 and $115-$120) suggest price retracement zones that align with potential areas of resistance and accumulation.
Major imbalance zones between $100 and $115 could be critical areas for institutional accumulation before the next move higher.
Strategy:
Entry:
Ladder entries at $130, $115, and $100 based on price confirmation signals (e.g., candlestick patterns, volume spikes).
Targets:
First Target: $150 (previous resistance and gap fill).
Second Target: $165 (continuation into new highs).
Stop Loss: Below $90 to minimize risk.
Supporting Indicators:
RSI: The current RSI level (~51) suggests that momentum is neutral, leaving room for further downside to create oversold conditions before reversing upward.
Volume: Steady volume with spikes near key levels indicates market interest, supporting the possibility of a strong bounce at the marked levels.
Long-Term Outlook:
While NVIDIA has experienced a correction from its highs, the overall market structure remains bullish. With the growing demand for AI and GPUs, NVDA holds strong fundamental and technical potential for long-term gains. Accumulating at the key levels ($130, $115, $100) offers an excellent opportunity for positioning ahead of the next bullish wave.
What do you think of this setup? Drop your thoughts and feedback below! Let’s discuss and trade wisely 🚀
#NVDA #TechnicalAnalysis #BullishOutlook #SupportResistance #TradingPlan #AIStocks #LongTermInvesting
Here’s my technical analysis for NVIDIA (NVDA). The stock is currently positioned near critical levels, offering opportunities for a strategic long-term bullish play.
Key Levels and Observations:
First Buy Level: $130
The first area of interest lies at $130, aligning with the previous price structure. This could act as an initial support zone for a potential bounce.
Second Buy Level: $115
A stronger demand zone at $115, supported by historical reactions and aligning with imbalance zones, offering a better risk-to-reward entry point.
Third Buy Level: $100
This level provides the strongest long-term buying opportunity, with significant support from imbalances and historical confluence.
Imbalances and Gaps:
Two key gaps ($135-$140 and $115-$120) suggest price retracement zones that align with potential areas of resistance and accumulation.
Major imbalance zones between $100 and $115 could be critical areas for institutional accumulation before the next move higher.
Strategy:
Entry:
Ladder entries at $130, $115, and $100 based on price confirmation signals (e.g., candlestick patterns, volume spikes).
Targets:
First Target: $150 (previous resistance and gap fill).
Second Target: $165 (continuation into new highs).
Stop Loss: Below $90 to minimize risk.
Supporting Indicators:
RSI: The current RSI level (~51) suggests that momentum is neutral, leaving room for further downside to create oversold conditions before reversing upward.
Volume: Steady volume with spikes near key levels indicates market interest, supporting the possibility of a strong bounce at the marked levels.
Long-Term Outlook:
While NVIDIA has experienced a correction from its highs, the overall market structure remains bullish. With the growing demand for AI and GPUs, NVDA holds strong fundamental and technical potential for long-term gains. Accumulating at the key levels ($130, $115, $100) offers an excellent opportunity for positioning ahead of the next bullish wave.
What do you think of this setup? Drop your thoughts and feedback below! Let’s discuss and trade wisely 🚀
#NVDA #TechnicalAnalysis #BullishOutlook #SupportResistance #TradingPlan #AIStocks #LongTermInvesting
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.