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💥💢💫 NVIDIA (NVDA) is trading around $205 per share, down roughly 6% to 7%.
This dip reflects a broader tech-sector pullback and broader market anxiety regarding pending U.S Senate regulatory hearings on Nvidia's China export compliance. Despite the slight decrease, most analysis still maintains bullish consensus.
Technical outlook:
A couple of weeks ago, NVIDIA stock broke above the major resistance, surging as high as $216-$236.62, in respect of the structure. Stock have been coming down slowly, with few partial bullish pullback. Price is currently approaching the previous resistance zone, as we anticipate a buy retracement between $196-$201, levels.
Key points:
A confirmed reverse above the support, activates buy position, eyeing $216.80-$226.98, as next potential bullish.
#ShareYourUSStocksWinNvidia
$NVDA