Trade Idea -- NVIDIA Corporation (NVDA)
The chart of NVIDIA (NVDA) is showing a potential breakout setup from its current consolidation. The stock is trading within an upward channel, with resistance levels marked around 127. A breakout above 127 could signal the start of new bullish momentum, potentially leading to a continuation of the stock’s longer-term uptrend. This level has been tested several times, and a strong move above it may trigger further buying interest, especially if accompanied by rising volume. The trend line support below offers a key area to watch in case of a pullback before any breakout confirmation.
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.