NVDA daily inside candle and an example of how a bull case may play out in the upcoming days. Trigger #1 poses more risk than Trigger #2, hedges or stop losses can be used to minimize risk.
Nvidia is looking ready for fresh highs. Today's price action on the 4 hr shows the stock pushing out of a falling wedge. New highs will be reached after the 346 level is conquered this week. Double falling wedge formation breakout looking extremely bullish. This name is ready for a fresh rally to new highs
NVDA broke out of an inside candle formed on the 4hr given yesterday's price movements. 336-345 are the next targets for the stock next week for the uptrend.
SPY appears to be bull flagging after October's run-up from the 100 EMA bounce. This is a great position for markets to rally in December into the new year.
NVDA bouncing between support/demand zone 288-300 to the resistance/sell zone 305-321 on the Daily Chart on the 300% entension Fib range. Earnings this week will determine future movements. Wall Street remains bullish on this name.
Netflix appears to be getting ready to test upper trendline on Daily Chart. Today's price action within middle of channel coupled with call flow suggests more upside this week. Trigger would be a break of previous ATH above 692 for a push towards 700 range
