NVIDIA’s Next Move: Ready to Rally or Slip Lower?
Good morning, trading family!
Let’s take a simple look at NVIDIA (NVDA) and where it might be headed from here. We’re at an important crossroads, so here’s what we’re watching:
If NVDA Moves Higher:
If NVDA can hold its current position, it has room to drive up into the $150 range. This could signal that buyers are stepping in and momentum is building for a rally.
If NVDA Moves Lower:
A drop could take us to the following key levels:
$144: First potential stop for support.
$138–$137: A zone where buyers might try to step in.
$132: A deeper pullback that could see some consolidation.
$129 and $120: These are lower support areas to watch if selling pressure continues.
How to Approach This:
Mark These Levels: Add them to your chart for reference.
Wait for Confirmation: Don’t rush in—see how NVDA reacts at each level.
Trade What You See: Let the price action guide you, not your emotions.
We’re at a moment where NVDA could make a strong move in either direction. Keep it simple, stay patient, and watch the levels.
Let’s make it a great trading day!
Mindbloome Trading // Kris
Let’s take a simple look at NVIDIA (NVDA) and where it might be headed from here. We’re at an important crossroads, so here’s what we’re watching:
If NVDA Moves Higher:
If NVDA can hold its current position, it has room to drive up into the $150 range. This could signal that buyers are stepping in and momentum is building for a rally.
If NVDA Moves Lower:
A drop could take us to the following key levels:
$144: First potential stop for support.
$138–$137: A zone where buyers might try to step in.
$132: A deeper pullback that could see some consolidation.
$129 and $120: These are lower support areas to watch if selling pressure continues.
How to Approach This:
Mark These Levels: Add them to your chart for reference.
Wait for Confirmation: Don’t rush in—see how NVDA reacts at each level.
Trade What You See: Let the price action guide you, not your emotions.
We’re at a moment where NVDA could make a strong move in either direction. Keep it simple, stay patient, and watch the levels.
Let’s make it a great trading day!
Mindbloome Trading // Kris
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