NVDA Pennant Forming
A massive multi-month pennant is forming and is shaping up for resolution in very early January at the latest. Excluding the Nov 9th pump as a part of election hysteria, this is one of the cleanest formations I've ever seen.
investopedia.com/terms/p/pennant.asp
Expect swift resolution to upside or the downside. I currently have a long position on NVDA as a part of my long term portfolio, but will add substantially as a part of a swing play if we do breakout of this channel. If we pressure above the channel, set a tight stop and enjoy a potential 9% upside as we run to test new highs.
investopedia.com/terms/p/pennant.asp
Expect swift resolution to upside or the downside. I currently have a long position on NVDA as a part of my long term portfolio, but will add substantially as a part of a swing play if we do breakout of this channel. If we pressure above the channel, set a tight stop and enjoy a potential 9% upside as we run to test new highs.
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