NVIDIA – Enormous Pressure After Reaching the Stretch LevelBetween July 31 and August 13, price kept nagging at the white U-MLH,
but there wasn’t enough strength to break through.
From there, price began to drift lower, pressing against the red U-MLH.
The close last Friday failed to break below the red U-MLH –
a clear sign of weakness!
If the green mini-trendline gives way and the white ¼-Line moves above price as well,
NVDA could be ripe for a short setup.
Let’s stalk the trade.
