NVDA - Breakout Rising Trend [MIDTERM]

- NVDA has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate.
- The positive development, however, may give rise to short term corrections down from today's level.
- It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 178.
- Further rise to 300 or more is signaled.
- NVDA has support at 214 and resistance at 290.
- Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock.
- Overall assessed as technically positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price

Verify it first and believe later.

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Comment:

NVIDIA - Rising Trend Channel

- NVIDIA is in a rising trend channel in the short term.
- In case of a negative reaction, NVDA has previous resistance be support at approximately 230 .
- Volume has previously been high at price tops and low at price bottoms.
- Volume balance is also positive, which strengthens the trend.
- Overall assessed as technically positive for the short term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

Verify it first and believe later.

WavePoint ❤️