NVIDIA stock (NASDAQ: NVIDIA) is currently trading in the upper $190-$194 range, stabilizing after recent tech sector volatility. Recent news is dominated by Nvidia's expansion into open AI integration for government systems, robust recent earnings showing an 85% year over year revenue jump to $81.62 billion, and strong consensus from analysts to Buy.
Technical outlook:
Stock is positioned on a downward channel in respect of the structure, trending on lower lows and highs for a couple of weeks now. Price is having a partial little, at the support trendline. We anticipating a short term buy pullback at this area.
Key outline:
More reverse confirmation at this point, activates a buy position to $207.54, as next potential bullish.
Thanks for reading.
Technical outlook:
Stock is positioned on a downward channel in respect of the structure, trending on lower lows and highs for a couple of weeks now. Price is having a partial little, at the support trendline. We anticipating a short term buy pullback at this area.
Key outline:
More reverse confirmation at this point, activates a buy position to $207.54, as next potential bullish.
Thanks for reading.
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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.