NVIDIA Corporation (NVDA) is rebounding this week after almost hitting its 1W MA50 (blue trend-line) for the first time since the week of March 30. This is a technical rebound similar to the one in February 2025, which was also during a Bearish Leg of an Ascending Triangle pattern.
Both fractals have identical 1W RSI sequences and based on that, the market's next target before discussions over a more sustainable rebound can be made, is the 1W MA100 (red trend-line) and the Support level. We expect the market to hit it at $165.00.
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Both fractals have identical 1W RSI sequences and based on that, the market's next target before discussions over a more sustainable rebound can be made, is the 1W MA100 (red trend-line) and the Support level. We expect the market to hit it at $165.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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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.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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.