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
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.