134.56 is the first level of resistance above 116.02, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 134.95though. The technical summary data is suggesting a short of NVDA as it gets near 134.56 with a downside target of 100.35. Short NVDA slightly under 134.56, target 100.35, stop loss 134.95 Details.In this case, support 100.35 would be being tested, so a buy signal would exist. 100.35 is the first level of support below 116.02, and by rule, any test of support is a buy signal.
This data also tells us to set a stop loss 100.06 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy NVDA near 100.35 with an upside target of 134.56. Buy NVDA slightly slightly over 100.35 target 134.56 stop loss 100.06 Details.Fundamental company data provided by Morningstar, updated daily.Source: Stock Traders Daily Longer Term Trading Plans for NVDA Stock quotes provided by InterActive Data. The gurus listed in this website are not affiliated with, LLC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Past performance is a poor indicator of future performance.
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