Nvidia Stock Analysis | Bulls Are In Full Control Again? AMD, SMCI, AVGO, MU, ARM, SOXS

Step-by-Step Tutorial: Analyzing Nvidia Stock Price Action

1. Introduction to Nvidia Stock Analysis

   • In this video, the focus is on analyzing Nvidia stock through price action analysis.
   • The speaker mentions a tug of war between Bulls and Bears in the price range of 824 to almost 859, where both sides are evenly matched.

2. Understanding the Tug of War

   • The speaker highlights that clarity on swing or intraday movements will be determined once a break occurs in either direction.
   • Emphasis is placed on intraday clarity as well, with mentions of long and short plays based on the evolving market structures.

3. Current Analysis on the Daily Interval

   • Nvidia stock is currently above the 20-day moving average, indicating a bullish trend.
   • The stock price is around 864 in the post-market, close to the 50-day moving average.
   • The speaker discusses the importance of key levels, such as 859, in determining potential pivot points for intraday plays.

4. Identifying Pivot Points and Structures

   • The speaker references a double top pattern at 859, which led to a short play scenario.
   • Despite fluctuations, the structure and pivot points are still holding, indicating potential bullish momentum.
   • The 200-hour moving average is highlighted as a crucial level to monitor for market strength or weakness.

5. Analyzing Bullish Sentiment

   • The speaker discusses the significance of Bulls pushing the price above 859 for a bullish scenario.
   • While short-term intraday plays may fluctuate, the overall sentiment leans towards a bullish outlook if Nvidia maintains levels above 859.
   • Potential price targets like 887 and 883 are mentioned for intraday trading strategies.

6. Options Data Analysis

   • The speaker shifts focus to options data, highlighting the concentration of calls at key price levels like 900.
   • Traders' sentiment can be gauged by observing where the majority of options contracts are placed, indicating potential price movements.

7. Making Informed Trading Decisions

   • Traders are advised to align their positions with the overall market structure and sentiment.
   • Managing risk through setting stop losses and taking profits at strategic levels is crucial for successful trading.
   • The importance of understanding technical analysis and combining it with options data for informed decision-making is emphasized.

8. Conclusion and Additional Resources

   • The video concludes with a reminder that the content is for educational purposes only and not financial advice.
   • Viewers are encouraged to explore other stock analyses and tools provided by the channel for further insights into trading strategies.

By following these steps and understanding the analysis provided in the video, traders can make informed decisions when trading Nvidia stock based on price action and market sentiment.