NVIDIA (NVDA) stock is trading around $200, showing slight consolidation with a positive, steady outlook near $196-$204, holding above key moving averages. the company is supported by high AI demand, with projections that next generation chips could reach $1 trillion in sales by 2027. analysts sentiment maintains Strong Buy consensus on AI demand.
Technical outlook:
Stock is broke out above a significant resistance at $194.30-$197.50, levels. price is currently having a pullback to it's recent resistance, in respect of the structure. we anticipate bullish support retracement between $195.30-$197.50.
Key points:
A confirmed reverse above this levels, triggers buy continuation eyeing $211.87 as next potential bullish target.
Thanks for reading.
Technical outlook:
Stock is broke out above a significant resistance at $194.30-$197.50, levels. price is currently having a pullback to it's recent resistance, in respect of the structure. we anticipate bullish support retracement between $195.30-$197.50.
Key points:
A confirmed reverse above this levels, triggers buy continuation eyeing $211.87 as next potential bullish target.
Thanks for reading.
Trade active
NAVIDIA (NVDA) is approaching $211.87, lets hold our position to the target!Thank you.
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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.