By Jay Woods
Publication Date: 2025-11-20 21:07:00
When Nvidia earnings came out we thought we could all breathe a sigh of relief. Not many of us could predict the rollercoaster ride that was about to occur. I discussed the importance of their results and key levels to watch with Brian Sullivan on “Power Lunch” earlier in the week . Now that we’ve seen things play out, let’s focus on how to trade the stock. Coming into earnings, the stock had done something it hadn’t done in the last two years – sold off into the numbers. Previously, shares had traded at or near highs when they reported and had rallied into its announcement. NVDA 3M mountain Nvidia, 3 months In Thursday’s case, we had a recent peak-to-trough pullback of nearly 12% with a small rally back to its 50-day moving average. Technically, there were reasons to be optimistic and fundamentally the news was great and so was the guide. Things were looking rosy out of the starting gate. Watch the Gap… Traders were watching Thursday’s opening gap closely. Shares opened at $195.95 and peaked at $196. Then it reversed. NVDA 5D mountain Nvidia, 5 days We have seen Nvidia shares gap higher on good earnings before. Back in late August, shares gapped higher by 6.6%, traded a nickel higher and then gave back all its gains. Clearly it was how we closed on earnings day that mattered. On Thursday, that opening gap filled and we traded lower, creating a bearish engulfing candle that doesn’t bode well for the next few days. The hope was that Thursday’s opening gap not only…
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