As previously mentioned on mid-term TA, Nvidia remains stuck in this channel with active weekly distribution which is getting dangerous, once NVDA closes 1W below this channel it may go all the way down to $140-150ish area.
Trade active
Nvidia has broken out of the long-term channel in the last few weeks and currently it is testing its previous resistance for the support.
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Related publications
Disclaimer
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.