Nvidia shares rise after signing a new deal

NVIDIA posts new gains after its latest deal.

 

Shares of tech giant NVIDIA rose more than 2%

following the announcement of a new deal to supply

artificial intelligence chips to Saudi company Human.

It's worth noting that the company had achieved gains of more than 11% in the past week.

We are expected to see further gains in the stock with the opening of trading today

 and throughout the current week.

Technically speaking:

The stock has managed to break downward trends

and penetrate important resistance areas

and form strong new buying demand zones, indicating buyer control.

In the event of a return and correction to the demand zones near the 119.13 levels,

 it is expected to rise to the specified targets of 126.88 and 136.45, respectively.

In general, it is preferable to look for buying operations now

 in the event of any correction in the stock.