Key Takeaways
- Nvidia shares will be on watchlists as the AI favorite gears up to release its highly anticipated earnings report after Wednesday’s closing bell.
- A bearish engulfing pattern formed on the chart Friday, signaling a potential move lower ahead of the chipmaker’s results.
- Investors should watch crucial support levels on Nvidia’s chart around $130, $113, and $102, while also monitoring key resistance levels near $153 and $174.
Nvidia (NVDA) shares will be on watchlists as the AI favorite gears up to release its highly anticipated earnings report after Wednesday’s closing bell.
The chipmaking giant, which has a track record of blowing past Wall Street expectations amid insatiable demand for its lineup of AI silicon, is…
