A strong buying opportunity for Nvidia stock, with an outlook on upcoming price movements.
Nvidia stock is currently in a strong downward trend on the daily timeframe, heading toward the daily demand zones indicated on the chart.
An upward move is anticipated, as the stock is approaching significant buying zones—currently the most critical levels for the asset.
Expected Targets
Should the price reach the demand zones near the $198 level and exhibit bullish signals, we expect a rebound toward the targets of $209 and $222, respectively.
Conversely, if the price breaks below these initial zones—confirmed by a daily candle close—the decline may extend toward the next support area near $171, from which a strong recovery could emerge.
