Nvidia stock begins to climb after rebounding from a strong buying zone.

Nvidia stock had been declining as part of a sharp sell-off, which pushed the price toward a daily demand zone near the $171 level.

The stock has now begun to rebound, closing with a strong bullish daily candle—a positive signal that buying activity is entering the market with significant momentum.

Expected Targets

If today’s candle closes in the green (bullish), we can expect the price to rise toward the identified targets near the $189 and $204 levels, respectively.

This analysis would be invalidated if the price breaks below the demand zone and closes beneath it with a strong bearish daily candle.