NVDA: Bullish Above $141.17, Bearish Below $136.75

Hôm kia

After a thorough analysis, I've observed that NVIDIA Corporation (NVDA) closed at $138.64 in the latest trading session. The stock moved sideways during the second half of the day, suggesting consolidation and a potential setup for a significant price movement.

Key Levels to Watch

• Strong Support: $136.75 (indicated by a white dotted line on the chart)
  
• Immediate Resistance: $141.17
  
• Upper Target: $149.28
  
• Lower Targets: $135.08, $133.05
  

Bullish Scenario :-

• Holding Above $136.75:
  
• Remaining above this strong support indicates a possible swing bullish trend.
  
• Break Above $141.17:
  
• Surpassing this resistance could open the path toward the upper target of $149.28.
  
• Consider long positions if the price sustains above $136.75 and especially if it breaks above $141.17.
  
• Stop-Loss: Set below $136.75 to manage risk.
  
• Take-Profit Levels: First at $141.17, then at $149.28.
  

Bearish Scenario :-

• Break Below $136.75:
  
• A decisive drop below this support within the next 1-2 days could signal a bearish opportunity.
  
• Downside Targets:
  
• Initial target at $135.08.
  
• Potential further decline toward $133.05.
  
• Consider short positions if the price falls below $136.75.
  
• Stop-Loss: Set above $136.75 to limit potential losses.
  
• Take-Profit Levels: First at $135.08, then at $133.05.
  

NVDA is at a pivotal point. The stock's ability to stay above or below the key support and resistance levels will likely determine its next direction. Traders should keep a close eye on these levels and exercise proper risk management due to potential volatility.

13 giờ trước

Ghi chú

The stock is currently showing strong bullish momentum, with key support at $136.75, highlighted by a white dotted line on the chart. A breakout is being awaited, and as a result, the resistance level has been adjusted to $138.11.

If the breakout occurs, the potential target for the stock could be $144, with further upside potential extending to the $147.50 levels. This movement suggests a strong bullish trend, so keep an eye on the resistance level and the breakout for confirmation.

However, if the stock falls below $138.11, it could signal a downside for the week, with potential targets at $135.60 and $132.78.

3 giờ trước

Ghi chú

First target achieved crossing $141.17, then at $149.28. Most likely this will required 2-3 trading days.