NVDA is a leader of SPX and NDX holding ~8% and ~12% of respective indices.
NVDA had a failed head and shoulder breakdown. After breaking above the polarity zone, the price sustained 5 consecutive closes above this level creating a bullish momentum.
Possible inverted SHS formation can also been seen. See green ellipticals.
The depth of neckline to head is ~ about 22.5.
AVWAP~ 210
Today, the market closed above the neck line, 212.6.
Now above the neck line, the price may swing high to 230.
Credit: Rachel Dashiell from Schwab.
NVDA had a failed head and shoulder breakdown. After breaking above the polarity zone, the price sustained 5 consecutive closes above this level creating a bullish momentum.
Possible inverted SHS formation can also been seen. See green ellipticals.
The depth of neckline to head is ~ about 22.5.
AVWAP~ 210
Today, the market closed above the neck line, 212.6.
Now above the neck line, the price may swing high to 230.
Credit: Rachel Dashiell from Schwab.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.