$NVTS , Idea

NVTS : NASDAQ , Weekly

Multi-year base forming after a brutal drawdown from the 2021 highs. Price broke above a long-term descending resistance line in early 2026, the first meaningful structural shift in years.

The chart shows two key phases:

Phase 1 - A potential retest of the breakout zone and the trendline. This is where the thesis gets confirmed or rejected. Holding here matters.

Phase 2 - If the retest holds and a second leg develops, price would be targeting the historical supply zone from the 2021 breakdown, a level that would take significant time and volume to work through.

This is a long-duration idea. The base took years to build. The expansion, if it comes, will not be overnight.

No entries. No targets. Structural read only.

⚠️ Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet comedy