Watch These Nvidia Stock Price Levels With Earnings Report Set for Release Wednesday | Global News Avenue

nvidia(NVDA) Stocks will be on the watch list because AI’s favorite A highly anticipated revenue report After Wednesday’s closing ceremony.

Chip manufacturing giants have records of blowing past Wall Street expects Amid unlimited demand for its AI silicon lineup, it is expected to report a 73% increase in the fourth quarter income Started a year ago net income $21.08 billion, up from $12.84 billion.

NVIDIA shares are priced in the year, but trade stocks have gained 12% this month by the end of Friday, with analysts maintaining widespread view of chipmaker stocks Increase spending on AI infrastructure. On Friday, the stock fell 4.1% to $134.43 Wall Street’s wider sale.

Below, we carefully studied Nvidia’s charts and used Technical Analysis Identify key price levels worth paying attention to.

Share trade in the declining channel

NVIDIA shares have been merged Descending Channel Trading volumes have declined during this period since mid-December.

recent, Bearish swallowing pattern Friday formed on the chart, indicating that potential movement is lower than the results of chip manufacturers. Interestingly, this is also true Candlestick pattern Both have appeared in the other two since setting its own record in early January, both ahead of further sales.

at the same time, Relative Strength Index (RSI) Since the advent channel began, it has mimicked lower prices, indicating that buying momentum is weakening.

Let’s identify a few crucial ones Support and resist Levels on the NVIDIA chart may be observing investors.

Key support levels to watch

The first lower-level eye is around $130. Stocks can find support for trend lines that are linked to famous August near trend lines peak The groove formed on the charts for December and January.

Sales below this location could cause the stock to fall to $113. Investors may look for buying opportunities in the area near this month Swing lowwhich is closely consistent with a series of comparable trading levels on the chart last May. The area is also above the projected bar pattern target that lowers the stock’s movement in late January and repositions it from the top trendline of the down channel.

NVIDIA shares’ post-headline drop could make the $102 level work, and on the chart, stocks may encounter support near their opening prices in late May Break through the gap and a range of prices near August and September lows.

Key resistance level monitoring

one breakthrough On the upper trend line of the down channel, you may initially see stocks make another attempt at the $153 level. This area on the chart may provide overhead resistance near stocks Highest history (ATH).

Finally, investors can use measured mobile technology (also known as The ATH) to predict bullish targets above ATH Measurement principle.

To apply the analysis, we calculated the wide descending channel point And add that quantity to the highest trend line of the pattern. For example, we added $32 to $142 with a forecast target of $174, a location close to Friday’s closing price, and investors can decide to decide Lock profits.

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