NVTS : NASDAQ , WeeklyMulti-year base forming after a brutal drawdown from the 2021 highs. Price broke above a long-term descending resistance line in early 2026, the first meaningful structural shift in years.
The chart shows two key phases:
Phase 1 - A potential retest of the breakout zone and the trendline. This is where the thesis gets confirmed or rejected. Holding here matters.
Phase 2 - If the retest holds and a second leg develops, price would be targeting the historical supply zone from the 2021 breakdown, a level that would take significant time and volume to work through.
This is a long-duration idea. The base took years to build. The expansion, if it comes, will not be overnight.
No entries. No targets. Structural read only.
⚠️ Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet comedy
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.