Increasing Market Confidence Heading into NVDA Earnings
By
Mike Paulenoff
Good Wednesday Morning, MPTraders! August 27, 2025-- Pre-Market Update: There are three trading days remaining in August... After today's close, NVDA reports Earnings...
Heading into NVDA Earnings-- an event that WILL MOVE THE MARKETS, ES is circling 6480 (see my attached 5 Minute Chart), a full 50 points above Monday's low at 6430.75, which represented a 50% correction of the vertical thrust precipitated by last Friday's "dovish-lean" from Fed Chair Powell in his annual Jackson Hole speech.
As long as any forthcoming weakness is contained within or above nearest-term support at 6455-6465, my pattern work off of yest's low at 6430.75 argues for upside continuation that hurdles last Friday's high at 6496.25 en route to a new ATH above 6508.75 (8/15/25).
My attached 4-Hour and Daily NVDA Charts show the near-vertical upmove from the April 2025 low at 83.66 to the July 31, 2025 ATH at 85.22 (+121%), as well as the more recent August 2025 pullback to 168.80 (-9% from the ATH) followed by the recent week-long rally ahead of Earnings.
The current upmove has positioned the stock bumping up against ATH-resistance from 183 to 185 in the hours immediately preceding the Earnings report and CEO Jensen Huang's Conference Call, suggesting that Mr. Market has gained increasing confidence that NVDA will exceed the high bar set by Earnings Expectations.
Technically, as long as any knee-jerk negative reaction is contained above the 8/20 and 8/22 lows at 168.80 and 170.00, the post-April uptrend pattern will remain intact and the dominant influence on price direction.
From a more granular nearest-term perspective, key support resides from 176.50 to 178.80 in the event the initial response to Earnings triggers a brief stint of selling, but from the support window, NVDA will be positioned to take off to the upside again.
Should NVDA rocket right out of the blocks in reaction to Earnings, then my upside target zone is 196-201, and if hurdled, then 207 to 211... Last is 182.16...
