NVIDIA breakout to 190$

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NVIDIA breakout to 190$

Sandra Nehemiah
2024-11-11

$NVIDIA Corp(NVDA)$ After a 65$ price surge from April to June, NVIDIA was experiencing some consolidation in the range of 140S to 90$. The price broke out of this consolidation zone which formed a symmetric triangle pattern in mid October. The next target price for NVIDIA is 65$ up from breakout point at 125$, which makes the price target of 190$. This target level coincides with Fibonacci extension level of 2. We expect some resistance and sell off at this level, however, the company has huge potential and will probably break 190$ level after some consolidation.

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