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NVDA Trading Near All Time High Resistance

NVDA is trading near all time highs as we approach the Nov. 20 earnings date. There is resistance at $140.66, and NVDA is struggling to stay above this price level. There has also been FUD in the news, which is affecting sentiment headed into earnings. I think there are bullish and bearish signs on the chart for now, I’ll give more updates as we approach the earnings date. Regardless of whether NVDA beats earnings expectations I think we will see some downside for NVDA in December. NVDA is seasonally bearish in Dec, and Pelosi’s options contracts will expire in Dec as well.

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