NVDA

"The current technical signals for NVDA show a strong bearish sentiment with RSI below 50 and SMA20 below SMA50, yet the stock is positioned near a key support level at $184.86, creating potential for a reversal. News indicates NVDA gains with approved sales in the Chinese market, which could boost revenues and improve sentiment. Social sentiment is notably positive on platforms like Reddit, supporting a contrarian long position against the technical setup. The market regime is volatile, allowing for a strategic long entry near support with a target at resistance levels aligned with potential upsides from the news. --- Trade Exited --- Reason: The current trend remains sideways with significant bearish signals. RSI is below 50 indicating bearish sentiment and MACD is neutral, not providing bullish support. The price is near long-term support but consistently failed to break resistance.. Bearish indication: RSI below 50, SMA20 below SMA50. MACD is neutral but lacks bullish crossover. Overall strong bearish sentiment.. The original R/R ratio remains valid, but technical indicators consistently oppose a positive position outlook, lowe..."

"NVDA is currently near its resistance level at $192.69, with a sideways market regime indicating a potential reversal at resistance. The RSI is neutral but leaning bullish, while the MACD shows bearish momentum. Given the proximity to resistance and the sideways trend, a short position offers a favorable risk/reward setup. The target is set at the support level of $170.31, with a stop loss above the resistance at $194.00, ensuring a risk/reward ratio of over 2:1. --- Trade Exited --- Reason: NVDA currently demonstrates a sideways movement, fluctuating near both support and resistance levels. This challenges the original thesis based on a potential reversal, especially amid volatility.. Technical signals indicate a shift. The RSI is bearish, moving below 50. MACD is neutral, and both SMA20 and SMA50 are bearish, confirming a lack of bullish momentum.. Initial R/R ratio remains favorable, but the continuous sideways movement undermines trade reliability amid volatile market conditi..."