Chart of the day

Where do we stand fundamentally?

NVIDIA is in the spotlight at CES 2025, with CEO Jensen Huang's keynote being a key event. Analysts view this as a significant growth catalyst, expecting new announcements or demonstrations to elevate the stock's value further.

NVDA is testing a strong upside resistance of 141 again. My KNOWPO trading system indicates a good low-risk short trade here, as I expect a reversal downside to continue further. A rejection from here and a breakout below 128 are needed for that.

A break above 148 will invalidate the downside reversal and lead to a continuation higher.

_{You can take a short trade entry with a stop loss above 148 to target 122.}