To The Moon

Eh, everyone! This week is going to be super exciting with $NVIDIA Corp(NVDA)$ announcing their earnings! Let’s kaypoh and see what the charts and options are hinting about the stock price, can?

First, let’s take a look at the charts. You see, the stock has been going sideways in the 800 to 950 zone I mentioned last time in my previous article on Nvidia. The stock price briefly said hi to 950 before coming back down. But ah, we’re trading above the 50-day moving average, so it looks like we’re still a bit “ai zai” and bullish on Nvidia.

Next, let’s dive into the options market and see where the market expects Nvidia to be. We see a put-call ratio of 0.72, which means the market is leaning a bit bullish. And check out those big call options at $950 and $1000 levels—these will act like a ceiling to our party. If we break through, sure got people taking profit one.

A lot of Big Tech companies are using Nvidia chips and they’ve all reported very good earnings. So, I believe Nvidia will beat expectations, but ah, maybe not as big a beat as last time. Predicting this is like guessing whether it will rain in Singapore. si beh difficult one minute sun, next minute rain.. Based on the clues from the options market, I think Nvidia might hit 1000 and then do the cha-cha back down.

Okay lah, that’s all for now. Please like, comment and subscribe!