NVDA -LONG 191.50

26 янв. 2023 г.

OPINION 👇
*NVDA stock: Long position. Those who follow my reviews on YouTube and other places know that we recognized the pattern and started collecting goods above 151 (big white arrow). This created a low for us that is higher than the previous one within a potential head and shoulders pattern of about 9 months. The stock is doing what is required with full green candles. Also, throughout all these months, large trading cycles can be seen in the bottoms of the pattern. Right now the stock is breaking through the 191.50 neckline and I expect the stock to continue to the targets in the graph. Another thing that can be identified is the canal that was built for us, and it also strengthens the route in which I foresee continuity to the goals in the graph. Warning sign 🙋🏽‍♂️: We are approaching the upper band of the channel so that it can be a resistance from where we are at the moment, we can even pull towards 200 and 210. It is important to note: this is a resistance level, but in a breakout with momentum it can break aggressively up outside the band upper part of the canal and even reach in a short time with large cycles the initial target 227 -230. distant destinations on the graph. For the sake of caution, we will mention the 160 level as a support level that if we break it below, the scenario for continued increases will go wrong. There is no recommendation in this 🙊🍒