Happy Monday. A new week, new trade for you guys. How does the largest AI stock looks like today with US-China Tariff pause for 90 days behave? Today the stock 
NVDA broke the 1.0 Upward sloping Fib retracement channel with which we have been working for months now. The stock opened @ 122 % which is the 1.0 Fib retracement level. If we extend the channel and extrapolate then we see the next levels and the resistance levels.
In our Fib Chart here the next level is 1.6 Level which is @ 137 $. In my opinion with RSI at 50 andNVDA having some high level of short interest. 1.12 % of the float is short which is high going back to 2021 bear market. So, this helps have violent short covering rally in the short term. Bullish before we turn bearish. RSI may top out at 85 in this bull rally phase. This cycle bull r un can take it to 170$ before end of Summer 2025.
Verdict :NVDA next levels : 135 $ ; cycle top @ 170 $.
NVDA broke the 1.0 Upward sloping Fib retracement channel with which we have been working for months now. The stock opened @ 122 % which is the 1.0 Fib retracement level. If we extend the channel and extrapolate then we see the next levels and the resistance levels. In our Fib Chart here the next level is 1.6 Level which is @ 137 $. In my opinion with RSI at 50 and
NVDA having some high level of short interest. 1.12 % of the float is short which is high going back to 2021 bear market. So, this helps have violent short covering rally in the short term. Bullish before we turn bearish. RSI may top out at 85 in this bull rally phase. This cycle bull r un can take it to 170$ before end of Summer 2025.Verdict :
NVDA next levels : 135 $ ; cycle top @ 170 $. 
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.