Jlov

Descending Triangle

NASDAQ:NVDA   NVIDIA
NVDA making lower highs against the trend line. Finding support on the bullish order flow, which sits around 208. Bearish setup that can find itself lower if it closes below 208. Below 208, can find support at 137. This is where the volume profile indicates a high volume of shares were bought. Of course if it breaks out of the downtrend line, we can see ATH again. But I doubt this can happen given the current circumstances NVDA find itself. Example, higher prices/lower supply of materials needed for its GPUs (Palladium).

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