I'm bullish on NVDA based on the following technicals:
1. Bullish pennant formation, after cup & handle breakout. 2. Bullish consolidation (price moves sideways, while volume declines). 3. Price in consolidation at the 23% FIBO level, which indicates very strong bullish support.
I anticipate NVDA will breakout within the coming weeks, and it will move toward the target of $864 before the end of the year. Please look at my previous educational analysis on NVDA in the related ideas below.
Happy Trading!
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