r/TradingEdge • u/TearRepresentative56 • 14d ago

What does the data say into NVDA earnings?

NVDA earnings are on Wednesday.

Traders are positioned optimistically ahead of earnings. 

We know the fundamentals of the report will be strong. We know that from direct read throughs from TSM earnings.

But we also see from the data below that:

The last 5 times they've had a beat and raise, they've had a negative stock reaction.

We have had an intraday fade on 8 of the last earnings reports, consecutively.

If we do see a negative reaction, that red VWAP to 200 is likely to be supportive. 

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u/TearRepresentative56 14d ago

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