NVDA on the Radar! High-Potential Setup in Play

🚀 Technical Analysis (TA) for Trading

* Trend Overview: NVDA is currently trading within a descending wedge, with resistance at $133.78 and support near $129.09. The price is consolidating after a pullback, potentially setting up for a breakout move.

* Momentum Indicators:
* MACD: Bearish momentum has been weakening, with a potential bullish crossover forming.
* Stoch RSI: Currently oversold, suggesting the possibility of a short-term rebound.

* Key Levels:
* Support: $129.09, $125.00
* Resistance: $133.78, $135.00

* Potential Play:
* Bullish Scenario: A breakout above $133.78 could push towards $135-$140.
* Bearish Scenario: Failure to hold $129.09 could lead to a drop to $125 or lower.

GEX Analysis for Options Trading

* Gamma Exposure (GEX) Zones:
* Bullish Targets: The $135-$140 region aligns with strong call resistance.
* Bearish Risk: If price breaks below $129, downside exposure increases, with the next major put wall near $120.

* IV and Sentiment:
* IVR: 47.5, slightly elevated, suggesting increasing volatility.
* Call Positioning: 44.7%, signaling bullish sentiment.
* Put Support Levels: Heavy put support at $120, indicating a key level where buyers may step in.

Trading Outlook
📌 NVDA is at a crucial level—traders should watch for a breakout above $133.78 or a rejection leading to $129.09 support. With increasing gamma exposure, a strong move is expected soon.

🔴 Risk Management:
* Stop Loss: Below $129 for bullish trades.
* Profit Targets: $135, $140+
* Watch for market sentiment shifts before entering positions.

🚀 Traders, keep NVDA on your radar—it’s heating up! 🔥