NVDA Bullish Breakout: Key Levels to Watch!

NVIDIA Corporation (NASDAQ: NVDA) is showing strong bullish momentum after breaking the key resistance level at $146.88.

Support Levels: $128.04 acts as a strong support from the recent consolidation phase.
Resistance Levels: The stock recently broke past $146.88 and is heading towards the next target around $149.67.
Technical Indicators: The 20-day and 50-day moving averages indicate a bullish crossover, confirming upward momentum.
Volume Surge: Increased buying volume supports the breakout, suggesting strong investor interest.
If the price sustains above $146.88, it could move towards $149.67 and possibly beyond. However, if it fails to hold this level, a pullback towards $140 or $135 could occur.

Trade Idea:

Entry Point: On a retest of $146.88 or a strong close above $149.
Stop Loss: Below $144 for risk management.
Target: $150 and $155 levels in the short term.
What do you think about NVIDIA’s breakout? Let’s discuss in the comments!