NVDA Wave Analysis – 13 May 2025

- Nvidia broke resistance area
- Likely to rise to resistance level 135.00

Nvidia recently broke the resistance area between the resistance level 122.65 (which reversed waves 4 and ii in March) and the 61.8% Fibonacci correction of the downward impulse from February.

The breakout of this resistance area continues the active short-term impulse wave 1 of the intermediate impulse wave (1) from the start of April.

Nvidia can be expected to rise to the next resistance level 135.00, target price for the completion of the active impulse wave i.