Given the current technical setup and recent bullish signals, a speculative price target for NVDA in the short term is $138, with a potential extension to $150 if bullish momentum persists. Conversely, if the price fails to sustain above $110, a retest of the $100 level could be on the horizon.
The latest candlestick formed is a bullish engulfing pattern, suggesting potential continuation of the upward momentum. However, the previous resistance around $130 will be a critical level to watch for any breakout.
Long Position Entry: Above $130 (confirmation of breakout) Target: $138, $150 Stop Loss: $120
Short Position Entry: Below $110 (confirmation of breakdown) Target: $100, $96 Stop Loss: $115