NVDA Setup Before Earnings



$NVDA is sitting at an interesting level ahead of its August 26 earnings report.

The stock has pulled back from recent highs, but the bigger trend is still holding up. The 50-day and 200-day moving averages remain supportive, while momentum is currently more neutral than overheated.

For me, the key zone is around the recent support area. If buyers defend it and NVDA reclaims the short-term resistance, a move back toward the highs could open up.

But with earnings only days away, I wouldn’t chase a breakout blindly. The reaction to guidance and AI demand will likely matter more than the headline numbers.

Watching the price action closely here. 👀

$NVDA #NVDA #GateStockInsightsChallenge
NVDA-0.76%
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ExtensionGuard
· 1h ago
Both the 50-day and 200-day moving averages are holding, indicating that the trend remains intact. Still, caution is warranted ahead of the earnings report—better to wait for clearer direction.
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LiquidationHunter
· 1h ago
Don’t chase the rally recklessly ahead of the earnings report; just watch the support level.
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