By Licia Leslie
February 9, 2025
Hi Shoppers,
Nvidia (Ticker: NVDA) is back up to my resistance level at $129 after testing my lowest support level on the pitchfork:
A close over $131 and NVDA is well on its way to $141.88, closing the gap created on Jan27.
From there the median line is at $146.78.
If it decides to honor this resistance and roll lower, support is at $116.36.
Trade accordingly.
Trade Review
iShares Russell 2000 ETF (Ticker: IWM) failed to break out of the box range to the upside and instead rolled lower right back into it. No trade to be made here.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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