NVDA Technical Analysis for Tomorrow (10/10/24)
Current Levels:
Support: NVDA has support around $132.12 and $131.36. A drop below $131.36 may see the price test lower support at $126.31.
Resistance: Key resistance levels are seen at $132.89 and $134.85. A breakout above $134.90 could see NVDA pushing toward new highs in the $136+ range.
Trend Analysis:
NVDA is currently in an ascending channel, indicating a bullish trend. However, it's near the lower boundary of this channel, which could act as support.
If NVDA breaks below this trendline, a pullback to $126.31 is possible.
MACD:
The MACD indicator is showing a slight bullish divergence, with a potential crossover, suggesting a possible reversal upward.
Tomorrow's Focus:
Watch for support at the lower trendline and $132.12. A bounce from these levels could signal a continuation of the uptrend.
A failure to hold support might indicate a potential decline to $126.31.
Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
Support: NVDA has support around $132.12 and $131.36. A drop below $131.36 may see the price test lower support at $126.31.
Resistance: Key resistance levels are seen at $132.89 and $134.85. A breakout above $134.90 could see NVDA pushing toward new highs in the $136+ range.
Trend Analysis:
NVDA is currently in an ascending channel, indicating a bullish trend. However, it's near the lower boundary of this channel, which could act as support.
If NVDA breaks below this trendline, a pullback to $126.31 is possible.
MACD:
The MACD indicator is showing a slight bullish divergence, with a potential crossover, suggesting a possible reversal upward.
Tomorrow's Focus:
Watch for support at the lower trendline and $132.12. A bounce from these levels could signal a continuation of the uptrend.
A failure to hold support might indicate a potential decline to $126.31.
Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
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.
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.