NVDA- Target Achieved: $135 Hit – Post-Analysis & Market DynamicOutcome Recap: A few days ago, I shared my analysis on Nvidia, highlighting a potential target of $135, which has now been successfully hit. This move was aligned with my expectations as Nvidia showed signs of selling pressure within the marked resistance zone while buyers stepped in around the upper part of the green box.
Key Highlights from My Previous Post:
Selling Pressure (Säljare Zone): The $150-$154 resistance area proved to be a significant barrier, with sellers stepping in strongly as predicted.
Buy Zone ($135 Area): Buyers held firm in the $132-$135 range, a level that had previously shown consistent strength during dips. This zone remains a critical area to watch for future rebounds.
Supporting Market Dynamics: I previously mentioned that Nvidia could face challenges due to:
Overstretched valuation compared to competitors like AMD and Intel.
Google emerging as a strong player in AI-training chips, adding competitive pressure.
General market conditions suggesting profit-taking and reduced buyer momentum.
What Happened Next? Interestingly, while Nvidia hit the $135 target, Google surged—an outcome that aligns with my thesis about Google’s growing competition in the AI chip sector. Meanwhile, AMD and Intel continued to struggle, further validating the narrative of shifting market dynamics.
What’s Next?
As the market evolves, I’ll be closely watching the $135 support zone to see if buyers maintain strength or if a broader market weakness pushes prices lower. On the upside, any breakout above the $150-$154 resistance could signal a renewed bullish momentum. Stay tuned for more updates!