#ShareYourUSStocksWinNvidia

📈 Technical Analysis on NVDA – Why I Am Watching Nvidia Closely
Having analyzed the NVDA's daily chart, I still think that the stock has a very bullish market structure despite some recent volatility.
The first reason to be positive about Nvidia is the way it makes new highs and new lows constantly over the past months. The recent rise to its April's highs once again proves strong buying pressure and supports the idea that investors consider Nvidia as the key player among companies who benefit from AI revolution.
🔍 My key takeaways from the chart:
• Price moves around $223 at the moment.
• Resistance can be seen at $231.88.
• Support comes at $206–207.
• RSI moves around 60, which indicates bullish momentum, but not overbuying yet.
• MACD shows positive signal of a recovery after the recent retreat.
Here is what I will do next:
Should NVDA break and sustain above $231.88, it may be the beginning of another phase of growth for the stock. On the other hand, should price fall, I'll wait to see a possible move towards the support level for a buy entry.
In addition to the technical analysis, Nvidia appears to be one of the best stocks with an AI focus. Data center services and technologies related to AI infrastructure, machine learning, and enterprise computing contribute to the attractiveness of the stock.
For me, the most important thing about the NVDA trade setup is not to chase its price increase but look for the most likely zones with better reward-to-risk ratios.
What do you think about the future of NVDA? Will price breakout resistance first or retrace back to support levels?

I am sharing my own market view, not financial advice.

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$NVDA