NVDA - Rising Trend Channel [MID TERM]

- NVDA is in a rising trend channel in the medium long term.
- NVDA is moving within a rectangle formation between support at 262 and resistance at 279.
- A decisive break through one of these levels indicates the new direction for the stock.
- NVDA has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 178.
- Further rise to 300 or more is signaled.
- NVDA is approaching's resistance at 290, which may give a negative reaction.
- However, a break upwards through 290 will be a positive signal.
- Overall assessed as technically positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.

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