NVIDIALong
NVDA Bullish Breakout: Key Levels to Watch!
NVIDIA Corporation (NASDAQ: NVDA) is showing strong bullish momentum after breaking the key resistance level at $146.88.
Support Levels: $128.04 acts as a strong support from the recent consolidation phase.
Resistance Levels: The stock recently broke past $146.88 and is heading towards the next target around $149.67.
Technical Indicators: The 20-day and 50-day moving averages indicate a bullish crossover, confirming upward momentum.
Volume Surge: Increased buying volume supports the breakout, suggesting strong investor interest.
If the price sustains above $146.88, it could move towards $149.67 and possibly beyond. However, if it fails to hold this level, a pullback towards $140 or $135 could occur.
Trade Idea:
Entry Point: On a retest of $146.88 or a strong close above $149.
Stop Loss: Below $144 for risk management.
Target: $150 and $155 levels in the short term.
What do you think about NVIDIA’s breakout? Let’s discuss in the comments!
Support Levels: $128.04 acts as a strong support from the recent consolidation phase.
Resistance Levels: The stock recently broke past $146.88 and is heading towards the next target around $149.67.
Technical Indicators: The 20-day and 50-day moving averages indicate a bullish crossover, confirming upward momentum.
Volume Surge: Increased buying volume supports the breakout, suggesting strong investor interest.
If the price sustains above $146.88, it could move towards $149.67 and possibly beyond. However, if it fails to hold this level, a pullback towards $140 or $135 could occur.
Trade Idea:
Entry Point: On a retest of $146.88 or a strong close above $149.
Stop Loss: Below $144 for risk management.
Target: $150 and $155 levels in the short term.
What do you think about NVIDIA’s breakout? Let’s discuss in the comments!
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.