2026-04-02
Market Status: NVDA is showing early signs of recovery! After testing the oversold zone (RSI 39), the stock bounced nicely with a strong bullish candle on April 2nd, gaining 3% from a gap-down open. 💪
Technical Setup: Currently trading at $177.39, just above the 9-EMA (174.69) but still below the 50-EMA (180.86). MACD histogram is compressing from -1.03 to -0.08, signaling weakening bearish momentum. The RSI climbed from 39 to 44 - moving away from oversold territory.
Key Levels: Watch for a breakout above $177.49 resistance. Support is solid at $171.37. The 50-EMA at $181 is the critical level to reclaim for sustained bullish momentum.
Outlook: Short-term momentum is turning positive! Expect continuation toward the 50-EMA. Tomorrow looks green, and the week should close above where it opened. 📈
Trend: 🚀 BULLISH
Candlestick Pattern: Morning Star Formation (Mar 31: Strong bullish candle +4.48%, Apr 1: Doji/spinning top -0.14%, Apr 2: Bullish engulfing +3.03% with gap-down reversal)
Support: 🟢 171.37
Resistance: 🔴 177.49
CALLBUYExpired NVDA @ 180
Expiration: Apr 16, 2026 · 14 days out | This strategy has expired