Hello Traders, welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nvidia stock just recently created a very obvious inverted head and shoulders and I uploaded a lot of analysis always pointing towards this bullish pattern which will lead to a longer term bullish move. The past couple of weeks Nvidia already started this bullish move, we now just broke about a weekly resistance area so I simply do expect the continuation towards the upside from here.
With earnings coming out yesterday, the market today gapped higher 15%, breaking also a daily resistance area so I am now just expecting a retest of the previous resistance, now turned support, and then the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: