NVDA 15M: Held the $148.80 Low, Eyeing a Rebound to $180

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NVDA 15M: Held the $148.80 Low, Eyeing a Rebound to $180NVIDIA CorporationBATS:NVDAEmpressBTCI'm using the base box between $163 and $165 and the reclaim line at $170.51. NVDA swept down to $148.80 on Thursday, recovered to about $166, and I expect it to hold that base and push back above the line. What happened Nvidia launched an independent investigation on Sunday into reports that CEO Jensen Huang had been targeted by a foreign intelligence operation. The stock fell 4.3% on Monday and 5.47% on Tuesday, then rose 2.87% on Wednesday, when Morgan Stanley removed it as a top pick. It fell 8.6% after hours on reports that the board would discuss Huang's future. On Thursday Huang resigned, CFO Colette Kress became interim CEO, and the stock plunged 14% at the open before finishing down 4.3%, after a 27% drop from the start of the scandal through Wednesday. Why I'm leaning long: Sellers pushed a 14% gap down and couldn't hold it. Price recovered from $148.80 to about $166 and has been basing since. Wall Street took the news with limited fallout for AI, and analysts say Nvidia is still selling AI chips at a quick rate and remains the industry's leader. So my plan here: I want the base to hold and a reclaim of $170.51. First target is set at $180.31, the second at $195.95, and my final target at $209.90, just above the $209.13 high. A close below $163 cancels the idea. Risk Analysts expect volatility and downward pressure for the foreseeable future, and national-security scrutiny could bring tighter oversight of chip exports. Earnings are still ahead.