Technical analysis by xfzzhs2tbj about Symbol NVDAX on 8/10/2025

📊 Market Breakdown NVDA is trading at $182.70 and pressing into the Premium/Supply Zone ($184.36). The stock is riding a strong ascending wedge pattern, but with RSI at 69.70 (near overbought) and price stretched from the equilibrium, we’re at a critical decision point. Trend: Strong uptrend from the $123–$135 base, breaking above previous highs. Key Structure: Price launched from the equilibrium zone (~$135), skipping retests and heading straight toward supply. Volume: Recent push has healthy volume, but we’re starting to see signs of slowing. Indicators: MACD: Bullish but momentum is flattening. RSI: 69.70 – close to overbought, increasing risk of pullback. 🛒 CALLS (Bullish Scenario) Buy Zones: 🎯 Aggressive Entry: Bounce from $175–$178 support within wedge ✅ Confirmation Entry: Break & daily close above $185 with volume Take Profits: 1️⃣ $195 – Psychological round number 2️⃣ $210 – Wedge breakout target 3️⃣ $225 – Extension target if momentum remains strong Stop-Loss: $172 Why This Works: Breakout above $185 clears supply and could spark a momentum run to $195+ in 2–3 weeks. 🛑 PUTS (Bearish Scenario) Sell Zones: 🚨 Aggressive Entry: Rejection at $184–$185 supply zone 📉 Breakdown Entry: Close below $175 support Take Profits: 1️⃣ $160 – Mid-wedge support 2️⃣ $135 – Equilibrium zone 3️⃣ $123 – Major prior demand Stop-Loss: $188 Why This Works: Rejection at supply with overbought RSI could send NVDA back toward $160–$135 in 1–2 weeks. 🔍 Technical Highlights Pattern: Ascending wedge nearing apex; breakout or breakdown imminent. Supply Zone Test: $185 is a key resistance level; watch reaction closely. Macro Watch: NVDA is highly sensitive to AI sector momentum and NASDAQ performance. ⏳ Option Expiration Strategy: 1 Week: Rejection play off $185 2–3 Weeks: Breakout targeting $195–$210