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Volatility for NVDA at All Time Highs

Written By: ChartChamp

November 20, 2024

NVDA is trading near all time highs around $140.66, and I think there is a lot of volatility around this price level. I have support around $140 and resistance around $150. NVDA is likely to experience a lot of intraday volatility throughout the day and during post-market hours. The price will react to how bullish or bearish the earnings announcement is. NVDA has an earnings estimate of $33.15 billion, which is a 10% increase from last quarter. Whether NVDA beats expectations or not I still think there will be downside in December. Nancy Pelosi’s NVDA call options trade expires in December as well so it is important to see what decisions she makes with those call options.

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