- NVDA has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. - The positive development, however, may give rise to short term corrections down from today's level. - It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 178. - Further rise to 300 or more is signaled. - NVDA has support at 214 and resistance at 290. - Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock. - 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, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
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NVIDIA - Rising Trend Channel [SHORTTERM]
- NVIDIA is in a rising trend channel in the short term. - In case of a negative reaction, NVDA has previous resistance be support at approximately 230 . - Volume has previously been high at price tops and low at price bottoms. - Volume balance is also positive, which strengthens the trend. - Overall assessed as technically positive for the short 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
If you redraw your trend line properly, we got rejection at resistance. Not bullish, also negative divergence on macd, filled a gap to the upside. Great area for short swing
amcprice
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@amcprice and of course a massive rising wedge within an ascending broadening wedge
wavepoint99
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@amcprice, We had update idea NVDA - SHORT TERM. Thanks!