NVIDIA EARNINGS LAND WEDNESDAY

🔴 Nvidia reports Wednesday, and the chart is already the conversation.

CNBC reports that strategist Jay Woods is pointing investors toward the stock's support and resistance levels ahead of the print.

The logic is simple. Earnings decide the direction. The levels decide how far the move goes before buyers or sellers take control.

Support is where buyers have historically stepped in. Resistance is where the selling has historically started. Traders watch both because a beat that stalls at resistance and a miss that holds support tell very different stories about what happens next.

Woods' framing, as carried by CNBC, is that the reaction matters as much as the result. Positioning ahead of a report this size means the print gets judged against expectations, not against last quarter.

CNBC did not publish the specific price levels in the material available here, so the takeaway is the approach rather than a target.

Are you buying Nvidia before Wednesday, or waiting to see the reaction?

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