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NVDA Trading Near Resistance

Written By: ChartChamp

October 7, 2024

NVDA has experienced some bullish momentum over the past few days, and is trading near numerous resistance levels here. I have the light blue trendline as a key resistance level to monitor, and bears want to keep the price below $125.50 to send NVDA lower. I think there is too much uncertainty for U.S. stocks over the next few weeks. Investors would like to know who wins the Presidential election so that they can position themselves based on the policies of the new president.

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