
Nvidia Corporation ($NVDA) is approaching a critical juncture as it nears the close of trading on December 14, 2024. Analysts are observing a potential Head and Shoulders pattern, with a significant support level identified around $132.50. If the stock breaks below this level, it could indicate a downward trend, while a bounce could lead to a rise towards $145 in the near term. Market sentiment suggests that the stock's performance could influence broader market movements, with some analysts cautioning that a breach of the lower support could drag the market down. Conversely, a strong recovery could signal a bullish trend for Nvidia.


$NVDA Chart Update: We got two confluences of major support here around $132.50ish area. If we can break back above the 50dma convincingly, we can get ourselves a close around $145 near term. Must hold these two supports though, as there is a notable H&S pattern still active.… https://t.co/EmV4WViisj
$nvda the direction Setter, if breaks lod, can drag market down into close, if bounce up, big rip up into close
Head & Shoulders Formation for Nvidia 🚨 If it breaks the $132 level, it potentially could be goodnight $NVDA 🫡 https://t.co/GJUPp08evR