NVDA is in an uptrend! Those who are already holding the stock can use $200 as a stop loss for short-term traders. Long-term traders can use $176 as a stop loss if the price falls below $176, it breaks below the short-term channel, which could push the price down first to the 200-day EMA(156.50$) and then to the horizontal support around $150.
For those looking to make additional or new entries, they should wait for $183 and place a stop loss just below that level.
I can’t predict whether it will go up or down I’m not a fortune teller :)) but this is what the technical analysis suggests.
Good luck and profitable trades! This is not financial advice.
For those looking to make additional or new entries, they should wait for $183 and place a stop loss just below that level.
I can’t predict whether it will go up or down I’m not a fortune teller :)) but this is what the technical analysis suggests.
Good luck and profitable trades! This is not financial advice.
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