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
Note: TradingView chart was dividend adjusted (ADJ) when mapped.
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.


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