Nvidia Stock Prediction for Tomorrow, June 3rd - NVDA Stock Analysis

Step-by-Step Tutorial: Analyzing Nvidia Stock Prediction for Tomorrow

1. Introduction to Nvidia Stock Analysis

   • In this video, the YouTuber provides insights into Nvidia stock (stock ticker symbol NVDA) on various time frames in anticipation of the next trading day, Monday, June 3rd.

2. Review of Previous Performance

   • Nvidia stock finished the previous week down 0.78% in regular trading hours but slightly up in after-hours trading.
   • The analysis aims to extract directional bias from the volume profile to predict potential movements for the upcoming trading day.

3. Understanding Volume Profile and Bias

   • Look for a small to moderate bearish bias to support a downside move.
   • Analyze the volume profile on the 5-minute chart to determine the bias for the stock.

4. Interpreting Trading Levels

   • Identify key trading levels, such as the 200-period moving average, to understand potential support and resistance zones.
   • Utilize basic technical indicators like the volume-weighted average price to gauge market sentiment.

5. Analyzing the 30-Minute Chart

   • Identify a collapsing channel pattern on the 30-minute chart, which may lead to a decisive move.
   • Bulls aim to test the 200-period as support and break through the 50-period with high volume, while Bears look for rejection at the 50-period.

6. Examining the 4-Hour Chart

   • Monitor the stock's proximity to the 50-day moving average on the 4-hour chart, aiming for potential support levels.
   • Understand the significance of psychological levels like $1100 post-split and how they influence trading decisions.

7. Implications of Implied Volatility

   • Consider changes in implied volatility compared to previous weeks to anticipate potential price movements.
   • Calculate the expected move based on volatility levels and market conditions for the upcoming trading day.

8. Assessing Options Market Activity

   • Analyze the options market activity, including the volume of calls and puts traded, to gauge investor sentiment.
   • Look for biases in the call ratio and short-term speculators to understand market expectations.

9. Additional Insights and Resources

   • Consider joining the YouTuber's community for daily scalp setup alerts and in-play stock alerts to stay updated on potential trading opportunities.
   • Analyze specific criteria for in-play stocks and leverage the provided resources for informed trading decisions.

By following these steps and analyzing the insights provided in the video, you can make more informed decisions when trading Nvidia stock on the upcoming trading day.