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Nvidia (NVDA) touched new all-time highs on Friday before falling with the rest of the market. Tom White takes a look at the technical setup in A.I. chipmaker's rally and what patterns are on his radar. He the $179 level will be key to watch as the NVDA chart has been testing its 50-day moving average. Tom also points to the RSI Momentum study falling slightly, which takes it out of overbought territory. He then illustrates an example trade in Nvidia using a cash secured put, which has a neutral to bullish stance.
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By Schwab Network4.6
3737 ratings
Nvidia (NVDA) touched new all-time highs on Friday before falling with the rest of the market. Tom White takes a look at the technical setup in A.I. chipmaker's rally and what patterns are on his radar. He the $179 level will be key to watch as the NVDA chart has been testing its 50-day moving average. Tom also points to the RSI Momentum study falling slightly, which takes it out of overbought territory. He then illustrates an example trade in Nvidia using a cash secured put, which has a neutral to bullish stance.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about

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