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NVDA Retesting the $118 Resistance Line

Written By: ChartChamp

September 30, 2024

NVDA is trading near a key resistance level around $118 in an attempt to flip this resistance into support. I would carefully monitor the price action here since NVDA plays such an important role in the stock market. So far there is a bullish rebound forming, and NVDA bulls want to keep the price above $118. NVDA bears want this to be a failed rebound that sends the market lower. I think there could be some sideways price action around this $118 price level.

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