NVIDIA was moving sideways and downward for a while, indicating no clear trend. Now, the price has bounced strongly from around 164, suggesting sellers are losing control. This suggests the correction may be ending, but the uptrend is not confirmed yet.
Right now, the Stock is near an important level around 197. If it breaks and stays above it, a strong move up can follow. If it fails, expect more slow and choppy movement. The security has already broken out the parallel channel on the daily timeframe chart. Upside targets after a pullback are 205 - 210.
We will update further information soon.
By BrightRally_Research
Right now, the Stock is near an important level around 197. If it breaks and stays above it, a strong move up can follow. If it fails, expect more slow and choppy movement. The security has already broken out the parallel channel on the daily timeframe chart. Upside targets after a pullback are 205 - 210.
We will update further information soon.
By BrightRally_Research
Trade closed: target reached
NEW HIGH: 210 ACHIEVED!The breakout of 212 will lead to 215, 219, and 225+ levels.
Note
ALL TP REACHED!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.