(This is solely a personal opinion, not investment advice. Please conduct your own judgment before making any decisions.)
NVIDIA's earnings report exceeded expectations. The market has declined for three consecutive trading days, with multiple support levels below. There is a high probability of a bottoming-out rebound.
If going long, the price needs to break above 21,409 today while staying above 20,800. If these conditions are met, buying on dips can be considered. The primary targets are 21,800 and 21,942. If market momentum is strong enough, a breakout above the previous high is possible.
NVIDIA's earnings report exceeded expectations. The market has declined for three consecutive trading days, with multiple support levels below. There is a high probability of a bottoming-out rebound.
If going long, the price needs to break above 21,409 today while staying above 20,800. If these conditions are met, buying on dips can be considered. The primary targets are 21,800 and 21,942. If market momentum is strong enough, a breakout above the previous high is possible.
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.
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.