NVIDIA (NVDA) is currently trading within a well-defined channel and is approaching a strong support zone between $130 and $135, a level where buyers have historically stepped in. The recent rejection from the $155 resistance suggests a potential rebound from the lower range. This setup provides a bullish trade opportunity, with an entry around $130-$135 and a target of $170, offering a favorable risk-to-reward ratio. A stop-loss below $125 is recommended to manage risk.
Signal:
Buy Zone: $130 - $135
Target Price: $170
Stop-Loss: $125
If this analysis resonates with you, please like, follow, and share your insights in the comments to support more content like this.
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.
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.