NVDA📊 NVIDIA (NVDA) – Daily Chart Technical Analysis
Entry Point:
A long position is considered at $158, assuming the price holds above $157.78.
Resistance & Target:
The first target is set at $163, which is a clear resistance zone on the chart based on historical price reactions.
If momentum continues beyond that, higher targets could be considered in future analysis.
Stop Loss:
A tight stop-loss is placed just below key support at $157 to manage risk.
🔄 Weekly Bearish Scenario:
If the price closes below $157, this invalidates the bullish setup:
The first downside target would be $146, which is a previously established support zone.
A further drop could extend toward $115, especially if broader market weakness or sector rotation occurs.
📌 Key Technical Zones:
Support Zones: $157.78, $157.00 (critical for bullish continuation)
Resistance Zones: $158.12, $163.18
Multiple historical rejections and price consolidations are noted near these zones, highlighting their significance.
Summary:
As long as NVDA remains above $157.78, the outlook remains bullish targeting $163. However, a confirmed breakdown below $157 could shift the sentiment sharply bearish, targeting $146 and possibly $115.
