Nvidia - A new Opportunity after beating Resistance!
Updated
Daily chart, the stock 
NVDA is forming a symmetrical triangle, and the price could not break out the resistance line R since June 2024.
Technical indicators RSI and MACD are on the positive side; to have an upward movement.
However, a new entry for bullish uptrend should be after 2 days trading above 128 -- Then the target price will be 175
A stop loss below the line SL should be considered.
NVDA is forming a symmetrical triangle, and the price could not break out the resistance line R since June 2024.Technical indicators RSI and MACD are on the positive side; to have an upward movement.
However, a new entry for bullish uptrend should be after 2 days trading above 128 -- Then the target price will be 175
A stop loss below the line SL should be considered.
Trade active
Raise the stop loss level as the price climbs to the target.
Currently, stop loss below the R line.
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.