Technical Analysis of NVIDIA Corporation
Given the current technical setup and recent bullish signals, a speculative price target for NVDA in the short term is $138, with a potential extension to $150 if bullish momentum persists. Conversely, if the price fails to sustain above $110, a retest of the $100 level could be on the horizon.
The latest candlestick formed is a bullish engulfing pattern, suggesting potential continuation of the upward momentum. However, the previous resistance around $130 will be a critical level to watch for any breakout.
Long Position
Entry: Above $130 (confirmation of breakout)
Target: $138, $150
Stop Loss: $120
Short Position
Entry: Below $110 (confirmation of breakdown)
Target: $100, $96
Stop Loss: $115
The latest candlestick formed is a bullish engulfing pattern, suggesting potential continuation of the upward momentum. However, the previous resistance around $130 will be a critical level to watch for any breakout.
Long Position
Entry: Above $130 (confirmation of breakout)
Target: $138, $150
Stop Loss: $120
Short Position
Entry: Below $110 (confirmation of breakdown)
Target: $100, $96
Stop Loss: $115
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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.
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.