NVIDIA Corporation (NVDA) closed its latest trading session at $230.36 per share, marking a 0.84% gain and pushing the tech giant within striking distance of its All Time High of $236.54. This positive momentum follows a massive corporate acquisition and sustained optimism from Wall Street after the company's recent explosive earnings report.
Technical Insight:
NVDA is situated on a bullish motion. The stock continues to scale in upward channel with a partial formation of higher highs and lows, in respect to the structure. Price is presently at a principle resistance level, which is also signifying an over bought area. We anticipate a short term retracement at this moment.
Key Point:
A clear pullback between $231-$236.70, activates a sell position down to $217.84, as next possible low.
Thanks for reading.
Technical Insight:
NVDA is situated on a bullish motion. The stock continues to scale in upward channel with a partial formation of higher highs and lows, in respect to the structure. Price is presently at a principle resistance level, which is also signifying an over bought area. We anticipate a short term retracement at this moment.
Key Point:
A clear pullback between $231-$236.70, activates a sell position down to $217.84, as next possible low.
Thanks for reading.
Trade closed: target reached
NVDA has achieved our short target!Thank you for following.
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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.
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.