NVDA TA - Earnings Week 2/24NVIDIA CorporationNASDAQ:NVDAEthicalxTrader### **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.** 🚀