🚀 Weekly NVIDIA Trend Chart Update! 📈
This week, we’re keeping a close eye on NVIDIA’s price action. The chart highlights two key support levels: **105** and **92**. While the trend remains intact, the current price level is still relatively high, indicating potential risks. Stay cautious and monitor these levels closely for any signs of a breakout or reversal.
1. **Immediate Support Level**: **105.14**
- This level is highlighted in the chart and is crucial as it represents the current price level. A break below this could indicate a potential downward trend.
2. **Strong Support Level**: **100.60**
- This is a significant psychological and technical support level. If the price falls below 105.14, the next major support to watch would be around 100.60.
3. **Long-term Support Level**: **82.76**
- This level is further down and represents a more substantial support area. It would be critical in a more extended bearish scenario.
These support levels are essential for traders to monitor, as they can provide insights into potential price reversals or continuations of the current trend. The current price level being relatively high suggests caution, and these support levels can help in making informed trading decisions.
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