NVDA, Is reaching to top of rising channel again!
Updated
Is NVDA going to break out the top of rising channel? Lets follow!
NVDA is going to battle with top of rising channel once more. Is it able to break it out? I think it will happen soon or later as the pattern of waves suggests. This time? not sure but even if it can not break it out it goes higher but with lower slope comparing to supposed breaking out scenario.
Top of the mentioned channel coincides with 1.618 projection of previous wave which makes it stronger resistance therefore, it is very possible to have at least a correction soon. But who knows? Just look at the jump of TSLA after top of channel break out!
It is worth to note this is not a sell or buy analysis since I am currently in from 212 USD based my own trading strategy however I can surely say that I hold my shares as far as base of the mentioned channel supports the stock.
Good luck everyone.
NVDA is going to battle with top of rising channel once more. Is it able to break it out? I think it will happen soon or later as the pattern of waves suggests. This time? not sure but even if it can not break it out it goes higher but with lower slope comparing to supposed breaking out scenario.
Top of the mentioned channel coincides with 1.618 projection of previous wave which makes it stronger resistance therefore, it is very possible to have at least a correction soon. But who knows? Just look at the jump of TSLA after top of channel break out!
It is worth to note this is not a sell or buy analysis since I am currently in from 212 USD based my own trading strategy however I can surely say that I hold my shares as far as base of the mentioned channel supports the stock.
Good luck everyone.
Note
Broken top of rising channel ?Note
10% Gain in a single day just above top of the broken rising channel ! congrats bulls!
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