Click chart above to see the detailed analysis👆🏻
For the past decade, Nvidia has been trading in a rising channel formation, perfectly following major rally and retracement cycles. But now we are starting to see some weakness on Nvidia and a break below the smaller timeframe support trendline will lead to a massive move lower.
Click chart above to see the detailed analysis👆🏻
For Nvidia, this month will be extremely decisive since we will either see even more continuation towards the downside, confirming the overall trendline breakdown or we see a strong push back up, invalidating the breakdown. So keep an eye on Nvidia this month.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.