NVDA: Approaching Resistance with Cautious Optimism
🔥 LucanInvestor's Strategy:
🩸 Short: Below $133.70, targeting $125 and $120. MACD's bearish position below zero strengthens the downside potential.
🩸 Long: Above $150.12, targeting $160 and $165. A break above this resistance could signal renewed bullish momentum.
🔥 LucanInvestor's Commands:
🩸 Resistance: $150.12 — Key resistance zone; a breakout confirms bullish continuation.
🩸 Support: $133.70 — Immediate support; failure to hold could lead to further decline.
NVDA is currently trading near its 9-day EMA ($136.47), showing signs of recovery but still facing strong resistance at $150.12. The MACD indicator remains slightly bearish, and sustained volume is critical for any breakout.
👑 "Greatness lies in surpassing resistance; the market rewards only the bold." — LucanInvestor
🩸 Short: Below $133.70, targeting $125 and $120. MACD's bearish position below zero strengthens the downside potential.
🩸 Long: Above $150.12, targeting $160 and $165. A break above this resistance could signal renewed bullish momentum.
🔥 LucanInvestor's Commands:
🩸 Resistance: $150.12 — Key resistance zone; a breakout confirms bullish continuation.
🩸 Support: $133.70 — Immediate support; failure to hold could lead to further decline.
NVDA is currently trading near its 9-day EMA ($136.47), showing signs of recovery but still facing strong resistance at $150.12. The MACD indicator remains slightly bearish, and sustained volume is critical for any breakout.
👑 "Greatness lies in surpassing resistance; the market rewards only the bold." — LucanInvestor
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