Technical analysis by BullBearInsights about Symbol NVDAX on 8/10/2025

Technical Analysis (1H Chart)
NVDA is currently trading at 182.81, forming a rising wedge pattern — typically a bearish reversal setup, especially when nearing resistance. Immediate resistance is at 183.37, the upper bound from recent swing highs. Support is layered at 180.70, 178.75, and 175.70. MACD shows momentum flattening after a bullish run, while Stoch RSI is in mid-range, suggesting room for either a continuation push or a rejection. A break below the wedge’s lower trendline could trigger a retracement toward 178.75 first. Bullish Case: Break and hold above 183.37 could retest 185–187 in short order, with momentum needing confirmation from volume.
Bearish Case: Failure to push past 183.37 and a wedge breakdown could accelerate selling toward 180.70, then 178.75. GEX & Options Sentiment (1H View) * Key Gamma Resistance: 185.0 — largest positive NET GEX and call wall. * Above 185: Next strong resistance is 187.5 (33.3% / GEX7), then 190 (2nd call wall). * Support Levels: 172.5 (2nd put wall, -2.16%), 167.5 (put support, -2.86%). * Options Metrics: IVR 17.1 (low), IVX avg 42.6 (slightly declining -3.65%), Calls 2.1%, GEX +47m (positive skew). Implication: Positive GEX above 182.5 suggests dealer hedging could dampen upside momentum, but a breakout over 185 could trigger a gamma squeeze toward 187–190. If price drops below 180, downside could accelerate toward 175–172 zone due to put wall positioning. Thoughts & Strategy * For Calls: Safer above 185 on volume confirmation for a push toward 187–190. * For Puts: Watch for wedge breakdown below 180.70 to target 178.75–175.70. * Avoid mid-zone trades between 181–183 without strong momentum confirmation. Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage risk and do your own research before trading.