Top 3 Stocks for Day Trading on 24 Sep 2025 (CBA)
1. NVIDIA (NVDA)
Technical Setup:
Price Action: Closed at $178.43 (-2.82%), volatile session with a 3.38% amplitude. Late-day sell-off to $178.43 (below 50-day EMA $180.20).
Key Levels:
Support: $176.21 (23 Sep low) → Critical breakdown level.
Resistance: $182.42 (23 Sep high) → Breakout above signals reversal.
Volume Analysis: High volume (192M shares) confirms bearish momentum but with capitulation signs.
Catalyst: AI investment news, 85% institutional ownership, and 12% short-term borrow rate.
Trade Plan:
Entry: $177.50 (pre-market consolidation zone).
Take Profit: $182.40 (gap fill + resistance).
Stop Loss: $175.00 (below 23 Sep low).
Risk/Reward : 1:2.5 (2% risk, 5% reward).
2. Synopsys (SNPS)
Technical Setup:
Price Action: Closed at $490.32 (-4.75%), breaking below 200-day SMA ($495). Intraday range: $488.58–$513.00.
Key Levels:
Support: $488.50 (23 Sep low).
Resistance: $494.00 (pre-market bounce level).
Volume Analysis: Low volume (3.52M vs. 10-day avg 4.1M) suggests weak conviction in bearish move.
Catalyst: Options chain shows heavy $490 PUT accumulation (IV 42%), signaling downside hedging.
Trade Plan:
Entry: $492.00 (failed breakdown reversal).
Take Profit: $502.00 (mean reversion to 200-day SMA).
Stop Loss: $485.00 (below psychological level).
Risk/Reward : 1:2 (3% risk, 6% reward).
3. ON Semiconductor (ON)
Technical Setup:
Price Action: Closed at $50.42 (-2.10%), rejected at $52.81 (23 Sep high). Late-day sell-off on profit-taking.
Key Levels:
Support: $50.37 (23 Sep low) → Strong buyer zone.
Resistance: $52.50 (psychological + 23 Sep high).
Volume Analysis: 9.37M shares (vs. 10-day avg 8.2M) confirms distribution phase.
Catalyst: Semiconductor sector momentum, 25% short-term borrow rate.
Trade Plan:
Entry: $50.50 (retest of support).
Take Profit: $52.40 (reversal to upper Bollinger Band).
Stop Loss: $49.80 (below support).
Risk/Reward : 1:3 (1.5% risk, 4.5% reward).
Risk Management Notes
NVDA: Monitor Fed commentary for tech sector impact. High P/E (50.8) increases volatility risk.
SNPS: Low liquidity increases slippage risk; prioritize limit orders.
ON: Watch for sector-wide semiconductor sell-off (SOXX ETF -0.8% on 23 Sep).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Maurice Bertie·09-24SNPS low volume? Nervous, but $492 entry with 1:2 RR feels safe.LikeReport
- Athena Spenser·09-24NVDA's setup is fire! Entering $177.50—let's grab that 5% reward!LikeReport
- mizzle·09-24Great detailed analysis! Any thoughts on how geopolitical news might impact these price movements?LikeReport