Few earnings announcements have the power to move global markets the way NVIDIA (NVDA) does, and this Wednesday’s post-close report might be the most important one of the year.
While Wall Street expects strong numbers again, Barchart’s Senior Market Strategist John Rowland, CMT, says the real story isn’t the last quarter’s performance… It’s the guidance.
“We’ll probably see good numbers,” John explains. “What I care about is their forward guidance — that’s what will move the market.”
Meanwhile, on NVDA’s stock chart, John is tracking a few key levels.
Barchart’s Trend Seeker® indicator — our proprietary trend-identification system — has shifted NVDA into a HOLD zone ahead of earnings. That’s rare, and it typically signals a market waiting for confirmation of the next major move.
For several sessions, Trend Seeker has printed two dots — one above and one below the current price. This signals a neutral/hold phase as the market compresses. It indicates that traders are waiting for a trigger, and a big move often follows.
The timing couldn’t be more explosive, with NVDA earnings set for Wednesday night.
Look at these key levels John highlighted:
50-day moving average: NVDA is sitting right on it
Most recent flat Trend Seeker level: around $182
Expected earnings move (11/21 expiration):
Upside target: ~$198
Downside target: ~$175
Most interesting?
“The expected move exceeds the Trend Seeker range,” notes John. “That tells me we’re about to see volatility — and opportunity.”
Rowland adds that if NVDA closes below Trend Seeker and the 50-day MA, that is a red flag.
John also pulled up the Turtle Channel, which tracks the lowest price over the previous number of trading days (55 days for this example).
Key Turtle Channel support: ~165
If NVDA breaks the 50-day
AND falls below Trend Seeker $182.86
AND closes below $175 (the lower end of the expected move)
…then the chart opens the door to a deeper retest near $165.
That doesn’t mean NVDA’s long-term uptrend is broken, but it does mean risk management becomes essential.
NVDA’s expected move is slightly higher to the upside than to the downside, which suggests the options market is leaning bullish.
finance.yahoo.com
#Critical #NVIDIA #Stock #Chart #Levels #Ahead #Earnings


