NVDA, This ROCKET Is Just About To SHOOT To The MOON!

Hello There!

Welcome to my new analysis about NVDA on the 2-day timeframe perspectives. In the recent times NVDA has shown up with massive bullish momentum volatility explosions as it marked above the 350 level above which many short liquidations were triggered resulting in these short squeeze movements above the 350 level as seen in my chart. With such developments it is necessary to determine if the squeezes are only a one-time movement and a pullback into the range happens after it again or if the price-action has the ability to continue and show up with further expansions into the direction. In this case NVDA is aiming higher as the momentum is holding on which is a positive sign for continuation-potentials.

Furthermore, considering the technical factors marked in my chart NVDA is just building this gigantic ascending-channel-formation in which it is building up for a much bigger breakout that will likely continue in a much more protracted manner once it has shown up correctly. Additionally, NVDA is now forming this paramount cup-handle-formation with the cup just about to complete as seen in my chart and as NVDA is entering the Handle-Channel this will be the second part to complete this overextending cup-handle-formation. All these signs point to a major breakout to show up within the upcoming times and once this breakout has emerged NVDA will point to the upper target-zones and with a continued momentum into this direction NVDA has further continuation-potentials.

Thank you everybody for watching. It will be great when you support my idea and we move on forward together.
"Great fortune is when opportunity meets preparation."

VP

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NVDA trading-volume has increased significantly backing the upper price-ranges.

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Increased demand in tech-stocks can also play a major factor in holding NVDA prices up.

The stock has been the best performing large-cap stock in the past half year.

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ANALYSIS UPDATE: NVDA is bouncing several times into the upper boundary of the channel ready to form the final breakout above the channel into the continuation direction.

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ANALYSIS UPDATE: NVDA on the local term is increasing the massive bullish volume. This is likely to trigger such a bullish volatility breakout as it has been seen in May 2023 with NVDA bouncing over 40% into the new all-time-high areas.

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NEWS UPDATE: The rising demand in AI is raising the open interest in net long positions for tech investors.

A continuation of this trend is also supporting the bullish breakout scenario.

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ANALYSIS UPDATE: NVDA is continuing forward with the completion of the channel of the cup-handle formation.

NVDA is aiming for a final channel breakout to emerge in the upcoming times.