NVDA Technical Analysis for Tomorrow (10/10/24)

Current Levels:

Support: NVDA has support around $132.12 and $131.36. A drop below $131.36 may see the price test lower support at $126.31.

Resistance: Key resistance levels are seen at $132.89 and $134.85. A breakout above $134.90 could see NVDA pushing toward new highs in the $136+ range.

Trend Analysis:

NVDA is currently in an ascending channel, indicating a bullish trend. However, it's near the lower boundary of this channel, which could act as support.
If NVDA breaks below this trendline, a pullback to $126.31 is possible.

MACD:

The MACD indicator is showing a slight bullish divergence, with a potential crossover, suggesting a possible reversal upward.

Tomorrow's Focus:

Watch for support at the lower trendline and $132.12. A bounce from these levels could signal a continuation of the uptrend.
A failure to hold support might indicate a potential decline to $126.31.

Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.