Market corrections often create the best opportunities, and NVDA’s recent pullback is no exception. For those looking to step in at key levels, here are three well-placed entry points:
106.7 – A strong support zone where buying pressure may start to build, signaling a potential bounce.
96 – A deeper correction level, offering an even better risk-reward ratio as the stock finds stability.
81 – A significant support area, where the price could reach a bottom before a strong reversal.
For profit targets, consider:
123 – The first checkpoint, locking in gains as the price starts recovering.
138 – A critical level where momentum could face resistance but also confirm a strong uptrend.
150 – A high-probability target if the market fully recovers, offering a substantial upside from lower entries.
While corrections can seem risky, they also open doors for calculated entries and strategic positioning. Always manage risk wisely and adjust stops accordingly.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading involves risks, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
106.7 – A strong support zone where buying pressure may start to build, signaling a potential bounce.
96 – A deeper correction level, offering an even better risk-reward ratio as the stock finds stability.
81 – A significant support area, where the price could reach a bottom before a strong reversal.
For profit targets, consider:
123 – The first checkpoint, locking in gains as the price starts recovering.
138 – A critical level where momentum could face resistance but also confirm a strong uptrend.
150 – A high-probability target if the market fully recovers, offering a substantial upside from lower entries.
While corrections can seem risky, they also open doors for calculated entries and strategic positioning. Always manage risk wisely and adjust stops accordingly.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading involves risks, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
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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.
Related publications
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.