Nvidia Stock Rebounds: Technical Analysis and Key Price Levels to Watch

Nvidia`s stock price significantly increased last week as investors took advantage of a recent decline. Despite this surge, the lack of substantial trading volume suggests limited involvement from major investors.

Technical analysis reveals a descending channel pattern, indicating a potential downtrend. While the stock price approaches a resistance level around $126, a surge past this point with increased trading volume could signal a breakout. Further resistance is anticipated around $136. Conversely, investors should observe support levels at $97 and $75.