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$Nvidia (NVDA) Trade Setup – May 14

$NVDA has surged with strength, closing the day up over 5%, and is now setting up for a potential continuation toward higher resistance levels. Optimism around relaxed chip export restrictions and bullish momentum across the semiconductor space continue to fuel the move.

The stock broke above multiple key levels, including $126 and $129, and is now approaching a critical resistance zone near $132. A breakout above this area could unlock a swift move toward $136–$140 in the coming sessions.

Ideal Setup:
Look for a strong push through the $132 level, ideally following early consolidation above $129. If momentum confirms, the $135–$140 range becomes the next high-probability zone. Avoid chasing calls below $127, where the breakout structure would lose conviction.

Risk Management:
Use the $126–$125 area as your mental stop if entering above $132. If buying options, consider capping risk at 40–50% of the premium based on your risk profile and trade size.

Takeaways:

Only trade calls if NVDA clears $132 with strength.

Avoid entries under $127.

Watch price reaction near $136–$138 to take profits.

🎯 Trade Idea:
Buy NVDA 05/23 $135 Call
💰 Entry: Only on a clean break and hold above $132
📉 Stop: Below $126 or 40–50% premium loss, whichever comes first
📈 Target: $136–$140 zone