NVDA Approaching Key Levels! Scalping, Swing, and Options PlaysScalping Analysis for NVDA:
1. Support and Resistance Levels:
* Immediate support at $133 (put wall) and $132 (gamma support).
* Resistance near $140 (call wall) and $142-$145 (gamma resistance zones).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is trading near these EMAs, showing indecision. A breakout above or rejection below these levels will provide clarity for scalping opportunities.
* MACD: Bullish crossover indicates potential upward momentum, but confirmation is needed with volume.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $138-$140.
* Target: $135, $133.
* Stop Loss: Above $141.
* Bullish Scenario:
* Entry: Breakout above $140 with volume.
* Target: $142, $145.
* Stop Loss: Below $138.
Swing/Day Trading Analysis for NVDA:
1. Trendlines:
* NVDA recently broke below a rising channel, signaling potential downside unless it reclaims the channel.
2. GEX Analysis:
* Strong resistance at $140 (call wall) and $145 (major gamma resistance).
* Solid put support at $133 and $130 suggests limited downside in the near term.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Near $133-$135 on support confirmation or breakout above $140.
* Target: $142, $145.
* Stop Loss: Below $132.
* Bearish Swing:
* Entry: Breakdown below $133 with retest confirmation.
* Target: $130, $127.
* Stop Loss: Above $135.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $140, $145.
* Put Wall: $133, $130.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $140 Call if NVDA sustains above $140 with volume.
* Target: Move toward $142-$145.
* Risk: $138.
* Bearish Play:
* Buy Jan 5th $130 Put if NVDA breaks below $133.
* Target: $130-$127.
* Risk: $135.
3. Options Oscillator Metrics:
* Low IVR (22.1%) indicates options premiums are cheaper, making directional plays favorable.
* Call bias (12.2%) suggests slight bullish sentiment, but resistance at $140 could cap gains.
Insights:
* NVDA is at a pivotal zone with strong gamma resistance and put support. A breakout above $140 or a breakdown below $133 will likely define the next directional move.
* Volume is Key: Watch for confirmation of breakouts or breakdowns with a spike in trading volume.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
