Nvidia stock analysis and expected new buying zones

A New Buying Opportunity for Nvidia Stock

 

Nvidia stock is still moving within an overall upward trend.

The stock is currently undergoing a correction after reaching the $211 level.

This correction is expected to continue towards the demand zones

identified on the chart, which align with the upward trend.

The identified demand zones are considered among

 the best buying opportunities for the stock at present.

These demand zones are located at the $185.39 level.

 

Expected Targets


If the identified demand zones are reached,

an upward move is expected towards the targets shown at the $196 and $208 levels.

It is advisable to wait for any bullish price action on lower timeframes

such as the 4-hour timeframe, to reduce risk.

The analysis and the expected upward move will be invalidated 

if the demand zones are broken,

and the upward trend is broken, with a full daily candle closing below them.