I had to show you this weekly chart of NVDA. It has been trading in this range since 2011! If it breaks out of this 16.00 resistance line I would expect an AMAZING upside potential$$$
Just remember that the breakout has to be on the close of the week since this is a weekly analysis.
If you are bearish on this stock then right now would be a great time to...
NVDA broke out of its trading range a few days ago but has since retreated back into the range. The last reaction high has been holding as support. It has been trying to get back out of the range for 3 days now. This is definitely worth keeping a watchful eye for the next few days. If it breaks out again and holds with good volume I would believe the bulls finally...
Its short-term trading range is narrowing and its in the lower end right now. I am overall bullish on this chip stock and think the potential is greater up than down. You can play it safe and wait for a breakout at either end but you may miss out. Happy trading.
