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#ShareYourUSStocksWinNvidia
Nvidia’s (NVDA) share price went up to $230 recently but then dropped to $214.30, now resting within the Bollinger Bands. This is a noteworthy position.
The main levels to keep an eye on are:
The resistance levels are $219 and $230, while support is at $207 and $186.
Looking closer at the charts, the MACD is -1.43, pointing to some current bearishness. On the flip side, the RSI sits at 50.84—meaning the market isn’t oversold and buyers are still around. The stock price is also well above its EMA50 and EMA200, suggesting a longer uptrend.
My take? This dip is normal within an overall positive trend. Should NVDA hold onto $207, I believe buyers will remain strong. If it can get past $219 again, that’ll send it zooming back towards $230.
But if NVDA falls through $207, especially with high volume, that’ll be a shift in the short-term outlook.
Right now, I’m tracking NVDA with Gate Stocks for live updates and USDT settlement. Everything's running smoothly without a conventional broker involved.
#StockTradingChallengeUpTo17000U #GateStocks #NVDA $NVDA