Nvidia (NVDA) has been a hot topic among investors lately, especially in the realm of artificial intelligence (AI) stock ideas. MeruEU recently shared insights on the NVIDIA stock, focusing on key levels and trends to watch on the NASDAQ:NVDA platform.
Yearly outlook: MeruEU maintains a bullish sentiment for Nvidia’s yearly performance. The quarterly perspective also remains bullish, indicating positive momentum for the company.
However, the monthly view shows a slightly bearish stance due to Stochastic bearish divergence and a close below the middle line. MeruEU highlights the levels to watch at 125 – 117, with an upward potential to 140 – 146 or downward movement to 90 – 82.
In the 3-day perspective, the trend is clearly upward, with an expectation for a retest of the grey zone on low volume before a reversal to the upside.
Investors are advised to stay tuned for these potential shifts in Nvidia’s stock performance. Thank you for reading and stay updated for more insights on emerging market trends.
