Nvidia: ⬆️ Buy
– Nvidia reversed from support zone
– Likely to rise to resistance level 180.00
Nvidia recently reversed from the support zone between the strong support level 165.00 (which has been reversing the price from last July), lower daily Bollinger Band and the support trendline of the daily down channel from the end of October.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star.
Given the strength of the support level 165.00, Nvidia can be expected to rise to the next resistance level 180.00 (former minor resistance from the end of March).
Source: Fxpro