8% MOVE EXPECTED IN NVIDIA AFTER EARNINGS – THE MOST IMPORTANT EVENT FOR THE STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Stock Market Direction
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
- The chart shows NVDA stock has moved up against the low band of the resistance zone.
- RSI on the chart shows that there is room for a significant move in either direction.
- NVDA options implied volatility indicates an 8% move in either direction after earnings.
November 20, 2024