Despite the recent narrow range for the NVDA Stock, there is a lot going on from a technical standpoint. Starting with the basics, you will acknowledge that price rebounded from a 1M support area between US$170.01 and US$174.65 in December last year and subsequently engulfed nearby 1M resistance at US$185.23, which is now being retested as support. In terms of overhead resistance, there is limited stopping the Stock from respecting the current support and targeting the 1M resistance seen at US$207.98. Note that this level is set just south of the all-time high of US$212.19.
Adding to this bullish focus, chart pattern enthusiasts may recognise the double-bottom pattern that formed in November/December from the noted support zone. The neckline has been taken out, and the pattern’s profit objective resides around the 1M resistance pencilled in above at US$207.98.
Written by the FP Markets Research Team
Adding to this bullish focus, chart pattern enthusiasts may recognise the double-bottom pattern that formed in November/December from the noted support zone. The neckline has been taken out, and the pattern’s profit objective resides around the 1M resistance pencilled in above at US$207.98.
Written by the FP Markets Research Team
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.