NVIDIA Stock Price Analysis | Top $NVDA Levels To Watch for June 16th, 2025

Summary

In this daily Nvidia report for June 6th, 2025, Carrie Artekch from Wicked Stocks discusses key technical analysis points for Nvidia's stock price, including recent movements, support levels, and potential targets. Key levels to watch include the rising pivot point at 141.14, with a potential target of 150.46 if it remains above that level. The report also highlights trading strategies based on the price action, including the risk of a sell signal if 141.14 is breached. Carrie also discusses support levels for further price movement and shares insights on trading opportunities, including free trial offerings from Wicked Stocks.

Takeaways

• 😀 7 weeks ago, Nvidia settled above the 5-month descending channel top at 93.59, setting the stage for a potential rise to 150.46.
• 😀 The market has stalled near the 145 level, forming a double top pattern, with a pivot point at 141.14, which is crucial for determining future price movements.
• 😀 If Nvidia holds above 141.14, the target of 150.46 remains in reach by the end of next week, with the possibility of trading inside the 141.14 to 145 area for the short term.
• 😀 A close above 145 is likely to result in further gains, with the next target being 150.46, the top of the channel on the weekly chart.
• 😀 If Nvidia closes above 145, it could top out in the low 150s through July, potentially declining towards the 127.32 support level in the following 3 to 5 weeks.
• 😀 If Nvidia closes below 141.14, a short-term downward target of 135.29 could be in play, with a potential recovery after hitting that level.
• 😀 135.29 is a classic support level where a short position can cover itself, while a long position could be pursued after the market stabilizes.
• 😀 The key support level to watch in the mid-term is the 127.32 channel bottom, which could absorb selling pressure and provide a base for upward movement towards the low 150s.
• 😀 A settlement below 127.32 would signal a significant bearish trend, potentially continuing into the third quarter, with Fibonacci targets and other downside support levels being closely monitored.
• 😀 The analysis also includes stock picks and insights from Wicked Stocks, with the opportunity for a 5-day free trial to access daily video analysis and high-probability stock picks.

Q & A

What was the key event that occurred seven weeks ago in the market analysis?

Seven weeks ago, the market settled above a five-month descending channel top at 93.59, setting up a target of 150.46.

What is the significance of the 145 even level in this analysis?

145 even represents a double top in the market, which was formed earlier in the week. It is a critical level for potential price movements. The analysis suggests that a close above 145 even is the likely outcome, with higher targets in reach.

What happens if the market closes below 141.14?

If the market closes below 141.14, a sell signal is triggered, with potential targets at 135.29 and lower. A break of 141.14 would indicate a shift in momentum, and traders should consider shorting positions.

What is the relevance of the 135.29 price level?

135.29 is considered a key support level. If the market closes below 141.14, 135.29 becomes the target for a short trade, with the possibility of further downside movement.

What does the 3-5 day swing trade strategy involve?

The 3-5 day swing trade strategy involves targeting specific price levels over a short time frame. If the market breaks 141.14, traders can aim for 135.29 within 3 to 5 days.

What is the significance of the 127.32 price level?

127.32 is a key support level that serves as a pivot point for the market. A settlement below this level would signal further downside risk, potentially extending through July and into the third quarter.

What potential downside target is mentioned if the market falls below 127.32?

If the market closes below 127.32, the downside target is suggested to be in the low 90s, though the analysis does not predict a full bearish route to that level at this time.

What is the projected range for Nvidia by the end of next week?

The target for Nvidia by the end of next week is 150.46, provided that the market holds above the 141.14 support level.

What stocks did Wicked Stocks recommend recently?

Wicked Stocks recommended Lamb Research and Dana Corporation last week, as well as Tempest AI, Adobe Systems, and Dana Holdings the previous week.

What additional resources does Wicked Stocks provide to its premium members?

Wicked Stocks offers premium members two high-probability stock picks each week, complete with trade plans, entry points, profit targets, and stop-loss instructions. They also provide daily analysis for top traded markets like SPY, the Triple Q, and Nvidia.