NVIDIA is still in an uptrend. Last week, the price hit a new high of $210, but the price was unable to break through this level, so it adjusted down. It is expected that the price will likely test the important support zone at $167-155. If the price cannot break through $155, the price still has a chance to rise.
However, if the price continues to rise in the near future, a correction may also occur.
Long-term trading plan: Wait for the correction to complete before buying.
** This is not financial advice.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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However, if the price continues to rise in the near future, a correction may also occur.
Long-term trading plan: Wait for the correction to complete before buying.
** This is not financial advice.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Note
If the price can remain above 162, there is a short-term possibility of a rebound to test the 204 level again.Trade active
NVDA Follow-up Analysis 🎯Price hit our targets from the previous setup. Here is the updated game plan:
Critical Level: $234. Failure to stay above this level increases the risk of a market correction.
Major Event: All eyes on Jensen Huang this Wednesday (May 20).
The Verdict: His words will decide whether the bulls continue the rally or pause for a consolidation phase. 🕒🚨
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💎 HENG FOREX95 : Trading Community
• Free Trading Signals (Daily) 📈
• Best Broker Rates & Rebates ✅
• Partnership Support 🤝
🌐 Linktree (All Connections):
linktr.ee/hengforex95
• Free Trading Signals (Daily) 📈
• Best Broker Rates & Rebates ✅
• Partnership Support 🤝
🌐 Linktree (All Connections):
linktr.ee/hengforex95
Related publications
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.