NVDA Stock Price Prediction: Tests $171 Resistance
NVIDIA (NVDA) stock finds itself at a critical juncture, drawing considerable attention from retail and institutional investors alike. Following several weeks of consolidation within a wedge formation, NVDA is now challenging the key $171 resistance zone. A clean break above this level could ignite a fresh bullish rally, while rejection might extend the current sideways trading pattern.
Technical Analysis Overview
Trader @TrendSpider highlighted this technical setup as particularly noteworthy, noting that the 30-minute chart reveals a descending wedge pattern that has successfully broken to the upside, with NVDA currently trading near the volume Point of Control (PoC) at $169.94.
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