Take a look at this NVIDIA share price level with the winning report published on Wednesday

NVIDIA (NVDA) parts will appear watchlists as KI favorites to publish their highly expected winning report after the final bell on Wednesday on Wednesday.

The chipmaking giant, which is over in the insatiable demand for his list of Ai Silicon an der Wall Street expectations on Wall Street, is expected to be used in 73% in sales of the previous year and after the net result of 21 , Report $ 08 billion and the net income of $ 21.08 billion. Compared to $ 12.84 billion.

Nvidia shares are trading this year, but increased 12% on Friday this month, and the analysts remain widespread on the chip maker shares, since Big Tech -Hyperscaler continue to increase the expenses for AI infrastructure. The share fell to $ 134.43 on Friday by 4.1%, while a broader sale on Wall Street.

In the following we take a closer look at the Nvidia diagram and use the technical analysis to determine important price levels that are worth observing.

Shares of trade in the descending channel

Nvidia shares have consolidated in a descending channel since mid-December, with the commercial volumes falling during this period.

In recent times, a bearish wear pattern that was formed on the diagram on Friday and a potential movement was signaled before the results of the chipmach result. Interestingly, the same candlestick pattern occurred on two other occasions since the share set up its record at the beginning of January, both of which continued to sell.

In the meantime, the relative starching index (RSI) has imitated the price and has used lower heights since the start of the descending channel, which indicates that the shopping dynamics are concerned.

Let us identify several crucial support and resistance levels in Nvidia diagram that may observe investors.

To observe decisive support levels

The first lower level of the eye is 130 US dollars. In this area near a trend line, the shares could find support in this area that combines the prominent August Peak with doors that formed on the table in December and January.

The sale under this place can see that the shares drop to the level of 113 US dollars. Investors may be looking for buying opportunities in this region near the swing low of this month, which is closely aligned in the graphic that extends until May last year with a number of comparable trading levels. This area is also just above a projected beam pattern destination, which takes the step of the stock lower at the end of January and repositioned it from the top trend line of the descending channel.

A significant decline in the Nvidia shares after the result could be the level of 102 US lows.

To monitor key resistance levels

A breakout above the upper trend line of the descending channel could first see that the shares make another attempt to $ 153. This area in the table would probably offer a overhead resistance near the share of the share (ATH).

Finally, investors can predict a bullish goal over the ATH by using the measured movement technology, which is also referred to as a measuring principle.

To use the analysis, we calculate the width of the descending channel in points and add this amount of the top trend line of the pattern. For example, we add 32 to 142 US dollars, which predicts a target of $ 174.

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Until the date on which this article was written, the author has none of the above securities.