Dave Barnhart breaks down intraday trades on NVDA and SOFI using post-earnings volume prints as support zones. For NVDA, he targets $134.70 to $146.72 on the upside or $126.43 on the downside. SOFI's 78-cent ATR and recent hammer candlesticks set up targets from $15.40 to $16.25 bullish, or $13.00 bearish.
Chapters
Good morning, traders. It is Thursday, February 27th at 5:35 AM. I've got two stocks for you today: Nvidia and Sophie. So first off, Nvidia had earnings last night, and look at this: two nine million share prints. There's nine million, eighteen million. This here makes it nineteen plus all of this stuff. So between one twenty nine sixty. And 131, there's 19 million shares. And then look what happened. Nothing. We got a big range in the opening candle of the post-market, you know, plus or minus $10. And then that was it. So when we look here on the prints, we can see that the new ones that were here. And so this, this here looks like it's a, if we're counting The waves one, this might be a pullback to two. But look at all of this: seven million, seven million, seven million, twenty million, seven million, all right around here that was support, right? So if they're adding to their position on here, and we just got nineteen million, then where's our next target? At least one forty, one forty six, and then to the much higher. If they're selling, we've got to give it a because big prints have big splashes. We would really have to break below, um, 124, below these prints in order to go short and see. So overall, the shorter-term trend is bearish. We can have a rounding sort of top here, so it could, it could go down, but we'll see what the price action actually says because you can't tell if it's buying or selling at the time. So let's go ahead and look at the 5-minute for the day trade. So here we're going to be bullish above 134. Uh, with a target of 134.70, 135, 136.41. We'll get up here. So we've started to get some pockets. This 134.70 is a 16.9 million print. You've got that. And then, um, the 136.41. Now this is an R2, so we would expect some pullback here. And this is the, uh, I think that's the Aftermarket candle. Yeah, that's here. So as soon as the news hit, see what it did? It just went top to bottom, pretty much to these, um, 15 million print area here, and then, and this 9 million, and then it just made this kind of range. So really, we gotta kind of trade within that range for now. So We'll continue on. So I've got it up to 141.65, 146.72, and 140— 146.72 is a 9 million, and it's also an R4, which is massive. Okay. On the downside, we gotta get below here, 130.80, and then, uh, target 130, 129.84, 129.60. 128.60. So we got to trade these pockets, and there's these prints here. So here, once we get below this area, if we get below this 128.50 area, 128.34, then we have a nice pocket down here to 126.43, and then we find support there with prints and an S2. So that's very strong as well. Next up is Sophie Technologies. She's a lower-priced stock, $14.80 at the moment, but she's feisty. She's got a 78-cent ATR. So we have some increasing volume here. We have this big hammer hammering on some prints, 1.2 million, things like that here. And then yesterday was a bit of an update, and then this morning we're moving up. We crossed the 4 EMA, testing the 8 EMA. And then so yesterday we have $14.37 and $14.43. There's some prints there in $13.92 from the day before. So we're looking at a couple million there. So if this is a pullback and they're adding to the position, we can probably come up to $15.65, $16.25, something like that. Um, and then we'd have to break below this $13.40 in order to go short. So let's go ahead and look at the 5-minute. We do have some support below us, but above us looks nicer. We're bullish above $15.12. With a target of 1540, 1565, and we'll see up here the 1565 is also an R3, and it's a 5.5 million print. So that's pretty much the end of the road, I would think. Reverse below 1431, we got to come down here, get rid of all of this support here, and then there's a nice pocket here to 1416, 14, 1386. Which is an S2, and a cam there. And then 1375, 1350, 1345, and then 13. So 1345 is a 3 million print, and 1325 is S3. So that would be the end of the range, I would think. So there you have it. There's your 2 trade setups for today. Um, please like and subscribe. Leave some comments in the comment boxes below if there's anything you'd like to discuss. We'll make a video on it. And, uh, happy trading. Take care.
