Watch These Nvidia Price Levels as Stock Seesaws After Earnings Report
Key Takeaways
- Nvidia shares moved between gains and losses in extended trading on Wednesday after the AI investor favorite posted better-than-expected results and issued a strong outlook amid booming demand for its advanced AI chips.
- After forming a bullish engulfing pattern at the 50-period moving average, the stock moved higher the following week before entering a consolidation phase ahead of the chipmaker’s earnings.
- Investors should watch key support levels near $130, $113, and $96, while also monitoring crucial overhead areas at $153 and $255.
Nvidia (NVDA) shares seesawed in extended trading on Wednesday after the AI investor favorite posted better-than-expected quarterly results and issued a strong outlook amid booming demand…
