#NVDA $NVDA consolidation, looking to rip shortly
NVDA has consolidated over the last few days, and found strong support around 295. Prior to this week, it recently broke the downtrend/bullish wedge, into its current pattern. Shorts have tried all week to drop this, along with very low volume. Finally tax loss harvesting for 2021 ended yesterday. I see this running, until tapering is done in March, and rates indicated to rise with a set date.
Once the rates become in effect, this will correct.
NFA
Once the rates become in effect, this will correct.
NFA
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