BlueHatInvestor

NVDA ~ Snapshot TA (Daily / Nov 2023)

BlueHatInvestor Updated   
BATS:NVDA   NVIDIA Corporation
NVDA chart mapping/analysis.

Breakout/bullish price momentum pushing higher within an ascending parallel channel (green).

Bull target(s)
  • Golden Pocker Fib
  • Ascending trend-line resistance (white dotted)
  • 78.6% Fib (+1)
Bear target(s)
  • 50% Fib (+1)
  • Descending trend-line support (white dotted) aka "return to scene of crime"
  • 38.2% Fib (+1)
  • Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone
  • 23.6% Fib (+1)
  • Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone
Comment:
Note: TradingView chart was dividend adjusted (ADJ) when mapped.
Comment:
NVDA taps/rejects Golden Fib Pocket.

Bulls need to "engulf" previous session candle to regain upside momentum, otherwise downside target 50% Fib (+1) / re-test breakout zone.

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.