NVDA Post-Earnings Technical Breakdown 🚨

Published on 21 November 2024 at 18:20

As of 18:00, NVDA is trading around $144 following its earnings release. Below is a key technical analysis based on the current price, with cross-referenced levels:

 

 

🔑 Key Support and Resistance Zones

 

1️⃣ Immediate Support Range: $139.71–$140.81

Lower Value Zone Boundary: $139.71

Pivot Level: $140.81

 

This range serves as critical support for maintaining bullish momentum. A breakdown below this level may intensify downside risk.

 

 

2️⃣ Immediate Resistance Range: $146.75–$148.86

50% Fibonacci Retracement: $146.75

Upper Value Zone Boundary: $148.86

 

A successful breakout above this zone would likely accelerate bullish momentum.

 

 

📉 Downside Risk Scenarios

 

If NVDA falls below $139.71, watch for the following potential downside targets:

$132.90 – Extended support level

$124.71 – Key pivot level

$116.66 – Fibonacci support level

 

 

📊 Upside Potential Scenarios

 

If NVDA breaks above $148.86, possible upward targets include:

$154.76 – Immediate extension target

$166.52 – Fibonacci extension level

 

 

⚠️ Post-Earnings Market Reaction Insight

 

NVDA is currently trading within its value zone ($139.71–$148.86). The market’s reaction to earnings will likely determine its next directional move:

Holding above $140.81 indicates continued bullish control.

Breaking below $139.71 may signal the onset of further weakness.

 

 

🛠️ Key Takeaway

 

This analysis highlights the critical convergence of value zones, Fibonacci levels, and pivot points. Watch closely for:

Support confirmation at $139.71–$140.81, and

Breakout potential above $146.75–$148.86.

 

The next directional move for NVDA will be more clearly defined based on how price interacts with these zones.

 

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