NVDA Ready to Break Out? Targeting $200

Aug 19

NVIDIA (NVDA) has been consolidating inside an upward wedge, and the price action is looking primed for a breakout to the upside. Based on this technical setup, I believe NVDA has the potential to push toward the $200 level. 📈

I’ll walk through the chart, key levels to watch, and why this wedge could be the launchpad for NVDA’s next big move.

👉 What do you think—will NVDA break out or fake out? Drop your thoughts below!
#StockMarket #Trading #DayTrading #Investing #TechnicalAnalysis #OptionsTrading #StockTrader #StockTips

Aug 19

Trade active

This idea was invalidated by a lower high made on the daily time frame. Let's continue to watch the bottom of this channel and see if we can get a break and retest of the channel or if it is a faker and will end up holding to the upside. We need more data and will wait to put out the next post.

Aug 22

Trade closed: target reached

NVDA remains very bullish after holding those 169-170 levels. I do believe NVDA will push up to 200, just please be aware of buying at the high points. NVDA was showing strong bears breaking that major channel. I believe they stopped everybody out of their positions breaking the major channel, then banks buy up these discounted prices just to drive price higher past the all time highs.