May 28 Chart of the Day - NVIDIA
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
NVIDIA (NVDA) steps into the earnings spotlight after the close today, and once again, Wall Street is holding its breath. The AI giant has been the market’s momentum engine—but is the next move higher already priced in?
Before you get caught up in the hype, let’s take a disciplined look at what matters most: the chart.
We’ll break down NVDA’s price action and identify key technical levels that could shape the next phase—whether it’s continuation or correction.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 500+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
On the monthly chart we can see that after setting its $153.13 all time high earlier this year price fell dramatically, bounced at the $90 bear/bull line in the sand and hasn't looked back since.
Price is seemingly hard charging back up towards the highs but has some potential resistance to fight through first.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see with much more clarity the volatile cycles up and down while price is currently heading back up again.
Most recently price launched off the $90 area keeping investor's hopes up for a continued run back to the upside. Could this be the move up to a higher high that all the so called experts were calling for prior to the tariff trade wars began?
We can see the market is anticipating about a $9.30 move in either direction by this Friday as noted on the chart.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
Because You Were Interested in today's FREE Chart of the Day...
You may also be interested in these other FREE resources!
- Struggling with Market Uncertainty? Here’s How to Trade with Clarity & Confidence with ChartPros Patent-Pending NeuroTrading Method™
- Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
