NVDA: This is what it needs to EXPLODE. 🚀
• NVDA is incredibly bullish, however, it is trading at a critical key point;
• NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
• What’s more, NVDA is inside a Descending Channel;
• However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
• It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
• This would be the confirmation sign of a bullish reversal on NVDA – however, this pattern wasn’t triggered yet;
• Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
• What’s more, NVDA is inside a Descending Channel;
• However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
• It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
• This would be the confirmation sign of a bullish reversal on NVDA – however, this pattern wasn’t triggered yet;
• Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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