Nvidia stock NVDA had built a strong move on Friday to post a solid gains of 6.81% and close on the resistance area around $265.00.
The stock is showing bottoming signals after violating the downward trendline, Prices have the potential to test the 50.00% and 61.80% Fibonacci Retracement levels ($276.00 - $293.00) consecutively.
It is worth mentioning that Nvidia's investors’ day event - between March 21-24 - will be watched closely across the tech sector and will boost the price's volatility.
The stock is showing bottoming signals after violating the downward trendline, Prices have the potential to test the 50.00% and 61.80% Fibonacci Retracement levels ($276.00 - $293.00) consecutively.
It is worth mentioning that Nvidia's investors’ day event - between March 21-24 - will be watched closely across the tech sector and will boost the price's volatility.
Commento:
NVDA hit the first target to finish yesterday's trading at $281.50.