NVIDIA Corporation. (NVDA): Bearish Trend, Buy Retracement

Wait 5 sec.

NVIDIA Corporation. (NVDA): Bearish Trend, Buy RetracementNVIDIA CorporationBATS:NVDABlaisefxacademyNVIDIA stock (NASDAQ: NVIDIA) is currently trading in the upper $190-$194 range, stabilizing after recent tech sector volatility. Recent news is dominated by Nvidia's expansion into open AI integration for government systems, robust recent earnings showing an 85% year over year revenue jump to $81.62 billion, and strong consensus from analysts to Buy. Technical outlook: Stock is positioned on a downward channel in respect of the structure, trending on lower lows and highs for a couple of weeks now. Price is having a partial little, at the support trendline. We anticipating a short term buy pullback at this area. Key outline: More reverse confirmation at this point, activates a buy position to $207.54, as next potential bullish. Thanks for reading.