From TradingView · · 1m 20s
NVDA Weekly Trading Outlook
NVIDIA faces critical resistance as AI catalysts and CPI data approach.
In brief
NVIDIA faces critical resistance as AI catalysts and CPI data approach. NVIDIA traders watch $227.25 support and $238.14 resistance amid US inflation data and semiconductor earnings. Originally reported by TradingView.
NVDA Weekly Trading Outlook
NVIDIA faces critical resistance at $238.14 with key support at $227.25.
Key Trading Levels
Resistance: $236.50, $238.14; Support: $227.25 and $220, $221.
Catalysts This Week
US CPI data, major bank earnings, and semiconductor earnings drive trading decisions.
Bank Earnings Focus
JPMorgan, Goldman Sachs, and Wells Fargo earnings impact broader market sentiment.
Inflation Data Impact
CPI and core CPI data could pressure technology valuations and federal policy expectations.
Semiconductor Earnings
ASML and Taiwan Semiconductor earnings signal chip demand and ai infrastructure trends.
PPI Data
US PPI data provides additional cost pressure indicators for the economy.
Bullish Trading Scenario
Defend $227.25 support and break $238.14 with volume confirmation for upside.
Bearish Trading Scenario
Break $227.25 with selling pressure targeting $220, $221 for downside risk.
Trading Execution Plan
Use daily chart for context and lower timeframes for liquidity sweeps and structure shifts.
Key Takeaway
Above $238.14 with confirmation: bullish continuation; below $227.25 with confirmation: downside risk.
The one thing
NVIDIA traders watch $227.25 support and $238.14 resistance amid US inflation data and semiconductor earnings.
