Nvidia: ⬆️ Buy
– Nvidia reversed from support zone
– Likely to rise to resistance level 190.00
Nvidia recently reversed up from the support zone between the key support level 178.20 (which stopped the previous minor wave a, as can be seen from the daily Nvidia chart below), support trendline of the daily up channel from May and the 50% Fibonacci correction of the upward impulse from the start of September.
The upward reversal from the support level 178.20 stopped the previous short-term ABC correction ii.
Given the long-term uptrend, Nvidia can be expected to rise to the next resistance level 190.00 (which reversed the price at the start of October).
Source: Fxpro