Juliac

NVDA - Inverted Head & Shoulders (Bullish Reversal)

Long
NASDAQ:NVDA   NVIDIA
The formation of an inveted Head & Shoulders Pattern plus a gap above the neckline today looks to confirm that the trend is reversing up. It would have been double confirmation if the gap was stronger (ie decisive green candle with a large gap prefered). Nevertheless this could be the start of a new bullish trend with target around 200 mark. I would put a stop loss just below the right shoulder at 143. Let's hope it plays out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.