- 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