NVDA TA - Earnings Week 2/24
### **NVIDIA (NVDA) - 1D Chart Analysis (Earnings Consideration)**
---
### **1. Key Observations**
#### **NVDA Closed at $130.28 (-3.09%)**
- **Bearish pullback from resistance at $135 - $138**, rejecting near recent highs.
- Currently testing **$130 as support**, a key short-term level.
- **Earnings are this week**, which could lead to **increased volatility and large price swings**.
#### **Volume & Momentum**
- **Higher volume selling** today, indicating some profit-taking before earnings.
- RSI is cooling off but still within **neutral territory**, leaving room for further downside if earnings disappoint.
---
### **2. Key Support & Resistance Levels**
#### **Resistance Levels (Upside Targets)**
- **$135 - $138** → Major resistance. Needs a breakout to confirm bullish continuation.
- **$140.87 - $144.90** → Strong resistance zone if NVDA rallies post-earnings.
#### **Support Levels (Bearish Targets)**
- **$127.69** → Short-term support. A break below could trigger further downside.
- **$124.50 - $121.50** → Strong demand zone.
- **$118.04 - $114.78** → Key level for a deeper correction.
---
### **3. Earnings Consideration & Strategy**
#### **Scenario 1: Bullish Earnings Reaction**
- If NVDA **beats expectations** and provides strong guidance:
- **Break above $135 - $138** could target **$140 - $145**.
- **Calls or shares breakout play** on confirmed strength.
#### **Scenario 2: Bearish Earnings Reaction**
- If NVDA **misses or provides weak guidance**:
- **Break below $127.69** could lead to a drop toward **$124, then $118**.
- **Potential hedge play with puts or selling covered calls near $135 resistance**.
#### **Scenario 3: Neutral / Mixed Reaction**
- If earnings are **in line but not a major catalyst**:
- NVDA may **chop between $127 - $135**, leading to range-bound action.
- A **straddle or strangle options strategy** could capture post-earnings volatility.
---
### **4. Hedge Strategy for Long-Term Investors**
💡 **Selling Covered Calls on Big Green Days**
- If holding NVDA long-term, consider **selling covered calls** into resistance near **$135 - $140** on any strong green days this week.
- **Expiration:** Post-earnings, to capture elevated IV.
- **Risk Management:** Be prepared to roll the calls if NVDA spikes post-earnings.
---
📌 **Conclusion:**
NVDA is at a **critical level ahead of earnings**, currently holding **$130 support** while rejecting **$135 resistance**. **Earnings will be a major catalyst**, with a **bullish reaction targeting $140+, and a bearish reaction potentially bringing $124 - $118 into play**. **For long-term holders, selling covered calls into strength this week could be a smart hedge.** 🚀
---
### **1. Key Observations**
#### **NVDA Closed at $130.28 (-3.09%)**
- **Bearish pullback from resistance at $135 - $138**, rejecting near recent highs.
- Currently testing **$130 as support**, a key short-term level.
- **Earnings are this week**, which could lead to **increased volatility and large price swings**.
#### **Volume & Momentum**
- **Higher volume selling** today, indicating some profit-taking before earnings.
- RSI is cooling off but still within **neutral territory**, leaving room for further downside if earnings disappoint.
---
### **2. Key Support & Resistance Levels**
#### **Resistance Levels (Upside Targets)**
- **$135 - $138** → Major resistance. Needs a breakout to confirm bullish continuation.
- **$140.87 - $144.90** → Strong resistance zone if NVDA rallies post-earnings.
#### **Support Levels (Bearish Targets)**
- **$127.69** → Short-term support. A break below could trigger further downside.
- **$124.50 - $121.50** → Strong demand zone.
- **$118.04 - $114.78** → Key level for a deeper correction.
---
### **3. Earnings Consideration & Strategy**
#### **Scenario 1: Bullish Earnings Reaction**
- If NVDA **beats expectations** and provides strong guidance:
- **Break above $135 - $138** could target **$140 - $145**.
- **Calls or shares breakout play** on confirmed strength.
#### **Scenario 2: Bearish Earnings Reaction**
- If NVDA **misses or provides weak guidance**:
- **Break below $127.69** could lead to a drop toward **$124, then $118**.
- **Potential hedge play with puts or selling covered calls near $135 resistance**.
#### **Scenario 3: Neutral / Mixed Reaction**
- If earnings are **in line but not a major catalyst**:
- NVDA may **chop between $127 - $135**, leading to range-bound action.
- A **straddle or strangle options strategy** could capture post-earnings volatility.
---
### **4. Hedge Strategy for Long-Term Investors**
💡 **Selling Covered Calls on Big Green Days**
- If holding NVDA long-term, consider **selling covered calls** into resistance near **$135 - $140** on any strong green days this week.
- **Expiration:** Post-earnings, to capture elevated IV.
- **Risk Management:** Be prepared to roll the calls if NVDA spikes post-earnings.
---
📌 **Conclusion:**
NVDA is at a **critical level ahead of earnings**, currently holding **$130 support** while rejecting **$135 resistance**. **Earnings will be a major catalyst**, with a **bullish reaction targeting $140+, and a bearish reaction potentially bringing $124 - $118 into play**. **For long-term holders, selling covered calls into strength this week could be a smart hedge.** 🚀
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.