NVDA Breakout Incoming? Key Trade Setups for This Week!Technical Analysis (TA)
📌 Current Price: $133.15
📌 Resistance Levels:
* $135.00 (Short-term resistance)
* $140.00 (GEX Call Wall & potential breakout zone)
* $153.00 (Major resistance from past price action)
📌 Support Levels:
* $130.41 (First key support)
* $124.98 (Stronger support zone if price pulls back)
* $120.00 (Critical level near put walls)
📌 Trend Overview:
* NVDA has been trending strongly bullish, forming an ascending wedge structure.
* MACD shows momentum losing strength, suggesting potential consolidation or pullback.
* Stoch RSI is cooling off, indicating a possible dip before another leg up.
📌 Potential Price Action:
* Bullish Scenario: If NVDA breaks above $135, the next target is $140. A sustained breakout above $140 could send it to $153 in the coming weeks.
* Bearish Scenario: Failure to hold above $130 could trigger a retest of $124 or lower to $120.
Gamma Exposure (GEX) & Options Analysis
📊 IVR: 44 🔹 IVx Avg: 59.5
🔹 Call Side Dominance: 43.9%
🔹 Put Side Pressure: -5.83%
📌 Key GEX Levels:
* $140 – Strong Call Wall (Major resistance, gamma squeeze zone)
* $130 – Mild Support, watch for buyers
* $120-$118 – Highest negative GEX, strong put positioning
📌 Implication:
* Above $135, NVDA could see acceleration toward $140 due to gamma squeezes.
* A rejection at $135 might trigger a pullback to $130.
* Heavy put support around $120-$118, meaning downside could be limited unless major selling pressure emerges.
Trading Plan
💡 For Bulls:
* Entry: $135 breakout with volume
* Target 1: $140
* Target 2: $153
* Stop-loss: Below $130
💡 For Bears:
* Entry: $135 rejection with weak momentum
* Target 1: $130
* Target 2: $124
* Stop-loss: Above $136
Final Thoughts
* NVDA has strong bullish momentum but is approaching key resistance levels.
* Options flow supports bullish continuation above $135.
* Watch for volume confirmation on any breakout!
📉 Risk management is key—don’t chase breakouts without confirmation.
⚠️ Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
