NVIDIA - Scalping + Forecast (2-19)🔥 Market Overview (NVIDIA - NVDA)
Trend: Bullish recovery after a consolidation phase.
Key Levels:
Resistance: $142.04 (Supertrend level)
Support: $132.88 (200 EMA), $138.29 (Intermediate support)
Indicators:
EMA 9: $140.21 (Price hovering around short-term trend)
EMA 200: $132.88 (Strong support)
MACD: Bearish momentum fading, but still negative.
RSI: 59.19, approaching overbought zone.
🔥 Scalping Strategy
🩸 1. Range Scalping (Preferred Strategy)
Buy near: $138.50-$139.00, targeting $142.00.
Sell near: $142.00, targeting $138.50.
Stop-loss: Below $137.50.
🩸 2. Breakout Scalping (If $142.50 Breaks)
Buy above: $142.50, targeting $145-$147.
Stop-loss: Below $141.50.
🩸 3. Momentum Scalping (For Quick Trades)
Short near: $142.00, targeting $138.50.
Buy near: $138.50, targeting $142.00.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
NVDA needs to break $142.50 to confirm a continued bullish rally.
If rejected at $142.00, expect a pullback to $138.50.
MACD shows signs of recovery but remains weak.
🔥 News & Market Context
NVIDIA remains a market leader in AI and GPU sectors, with high institutional interest.
Investor sentiment remains strong, but macroeconomic factors could influence movement.
Earnings and sector-wide tech performance will play a role in confirming a breakout.
🔥 Decision:
🩸 Short-term: Range scalp between $138.50-$142.00.
🩸 Mid-term: Wait for confirmation of $142.50 breakout.
🩸 Ideal Play: Short near $142.00 if rejection; buy on a confirmed breakout above $142.50.
👑 Final Verdict:
NVDA is at a key resistance zone. A breakout above $142.50 could push towards $145+, while rejection could bring a pullback to $138.50.
🔥 LucanInvestor's Quote:
"The market is a battlefield—know when to strike, and when to hold." 👑