$NVDAB | Could the stock’s decline turn into an entry opportunity?
The stock closed at $173.73, then fell to around $160.25 in overnight trading. This was a sharp move that put the $157 area in the spotlight.
What matters to me now is that the RSI has reached 23.7, an oversold reading, while the overall trend remains downward.
Trading plan:
🟢 Buy zone: $157–$160 after a clear rebound appears.
🟢 Confirmation entry: Break above $165.50 and hold above it.
🎯 Sell targets:
- $165.50
- $172.70
🔴 Exit: Daily close below $156.80.
Financial results are also expected on November 17, amid reports of a board meeting about the CEO’s future; this makes the coming days important for the stock.
My view: The $157–$160 area deserves close attention. A return of buyers from this area could give the stock the start of a recovery, and reclaiming $165.50 would be the first stronger signal of that.
#NVDA #NVIDIA #Stocks #BinanceSquareFamily
The stock closed at $173.73, then fell to around $160.25 in overnight trading. This was a sharp move that put the $157 area in the spotlight.
What matters to me now is that the RSI has reached 23.7, an oversold reading, while the overall trend remains downward.
Trading plan:
🟢 Buy zone: $157–$160 after a clear rebound appears.
🟢 Confirmation entry: Break above $165.50 and hold above it.
🎯 Sell targets:
- $165.50
- $172.70
🔴 Exit: Daily close below $156.80.
Financial results are also expected on November 17, amid reports of a board meeting about the CEO’s future; this makes the coming days important for the stock.
My view: The $157–$160 area deserves close attention. A return of buyers from this area could give the stock the start of a recovery, and reclaiming $165.50 would be the first stronger signal of that.
#NVDA #NVIDIA #Stocks #BinanceSquareFamily