lucasL
03-08

🚀 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.

#NVIDIA #StockMarket #Trading #SupportLevels #MarketTrends

1 Trln Pay Package Approved! Tesla Sell the News: Hold for Long Term?
On November 6, more than 75% of shareholders voted in favor of Tesla CEO Elon Musk’s new compensation package. Under the plan, if Musk meets a series of milestones over the next ten years, he will gradually receive about 423.7 million restricted stock units (RSUs) — up to USD 1 trillion. Can Musk realistically hit these ambitious milestones in the next decade? Will this massive pay package truly align Tesla’s growth with shareholder interests After the approval, is Tesla a “sell the news” trade — or a long-term conviction hold?
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Comments

  • Mortimer Arthur
    03-11
    Mortimer Arthur
    Too much oversold. Should be back to around 115 tomorrow
  • Enid Bertha
    03-11
    Enid Bertha
    Do not short Broadcom or nvdia they will bounce back first
  • JimmyHua
    03-10
    JimmyHua
    thank you for sharing
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