SinghStrategist

SinghStrategist

1. Overall Trend: The chart shows a generally sideways to slightly bullish movement over the past several months. 2. Resistance Level: The dashed yellow line at approximately $224.75 represents a significant resistance level. The price has tested this level multiple times since July without breaking through convincingly. 3. Linear Regression Channel: The...

SinghStrategist

Resistance Level: $135–140 (key breakout point). Support Level: $100–110 (lower bound of the channel). Bullish Breakout: Watch for a breakout above $140 with increased volume, targeting $160+. Bearish Rejection: Rejection at $140 could lead to a move back to $100, with further downside possible on a break below support. This consolidation suggests that NVDA is...

SinghStrategist

1. Overall Trend: The stock has been in a downward trend, as indicated by the descending channel (blue lines) on the chart. 2. Channel Breakout: Recently, the price appears to be breaking out of the upper boundary of the descending channel, which could potentially signal a trend reversal or at least a short-term bullish move. In summary, while SNOW has been in...