Top 3 Stocks for Day Trading on 29 Aug 2025 (CBA)

1. NVIDIA Corp (NVDA)‌

Technical Setup:

Price Action: Closed at $180.17 (-0.79%), tested support at $176.41, resistance at $184.47.

Volume Analysis: 281.79M shares traded (1.60x avg volume), signaling strong institutional interest.

Key Levels:

Breakout: $184.47 (yesterday's high)

Breakdown: $176.41 (intraday low)

Support/Resistance: $180.66 (resistance), $176.41 (critical support).

Fundamental Catalyst:

Forward P/E of 41.32 vs. sector avg 28.5, reflecting AI leadership premium.

Short-term bearish pressure (5-day capital outflow: -$138.9M), but 37 "Buy" ratings with $205.69 avg target (+14% upside).

Trade Plan:

Entry: $181.50 (above opening consolidation)

TP: $184.47 (+1.6%)

SL: $178.00 (-2.0%)

Risk/Reward: 1:0.8 (Aggressive momentum play)

2. Advanced Micro Devices (AMD)‌

Technical Setup:

Price Action: Closed at $168.58 (+0.87%), tested $170.99 resistance.

Volume Profile: 36.29M shares (0.88x avg volume), but 5-day capital inflow (+$27.7M).

Key Levels:

Breakout: $170.99 → $174.77 (next resistance)

Breakdown: $166.65 (support)

Fundamental Catalyst:

30% YoY revenue growth in AI/data center segment.

High short interest (12.67% of float as of Aug 26), potential squeeze.

Trade Plan:

Entry: $169.50 (break above VWAP)

TP: $172.50 (+1.8%)

SL: $167.00 (-1.5%)

Risk/Reward: 1:1.2 (Optimal for range breakout)

3. Snowflake Inc (SNOW)

Technical Setup:

Price Action: Explosive 20.27% gain to $241.00 post-earnings, resistance at $249.99 (52-week high).

Volume: 42.17M shares (6.54x avg volume) – strongest volume spike since 2025.

Key Levels:

Breakout: $249.99 (all-time high)

Pullback Support: $230.00 (Fibonacci 38.2%)

Fundamental Catalyst:

Q2 product revenue beat ($829M vs. $815M est), but net loss widened to -$317.77M.

RBC raised PT to $275 (+14%), citing AI adoption (2,500+ accounts using Snowflake AI weekly).

Trade Plan:

Entry: $242.00 (above pre-market consolidation)

TP: $249.00 (+2.9%)

SL: $235.00 (-2.9%)

Risk/Reward: 1:1 (High volatility speculative play)

Market Context & Risks :

NVDA/AMD : Monitor NASDAQ futures – tech sector faces profit-taking risk after Fed Chair Powell's Jackson Hole speech.

SNOW: Post-earnings volatility likely; 14.98% short volume on Aug 28 suggests potential squeeze.

Key News: NBCU, Pfizer expanding Snowflake contracts, AMD secures new AI chip orders.