NVIDIA
Long

NVDA is just getting started.

https://www.tradingview.com/x/99DECE1O/
NVDA

NVDA has been making headlines recently, with a significant bounce off support in the mid-90s and a successful breach of both the 100 and 50-day moving averages. This technical bullishness was further reinforced by the strong demand and growing penetration of AI into various markets.

However, the post-earnings retreat below the 50-day moving average has introduced a layer of uncertainty. While the overall technical picture remains positive, a closer look at the chart reveals an unfilled gap in the $109-$113 range. This gap represents a potential area of resistance that could hinder further upside momentum.

Filling the Gap and Reaching New Heights

If NVDA can successfully fill this gap, it could open the door for a more sustained upward trajectory. The stock's strong fundamentals, driven by the growing demand for AI and data center solutions, provide a solid foundation for continued price appreciation.

NVDA has recently broken above the upper resistance of a negative channel, but was unable to find support at these levels. Watch for this resistance to be broken again and serve as support for further upward movement.

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