In yesterday’s post, I highlighted the rising wedge pattern and noted that a breakout above $168 needed strong follow-through to confirm. Today, NVDA managed to hold above that level, closing at $171.37, just beneath the recent high of $172.40.
So far, the breakout attempt is intact — but not yet convincing.
🔹 Volume came in lighter, suggesting buyers aren’t fully committed
🔹 The candle printed a modest gain, but without expanding range or momentum
🔹 Price is still riding above the rising wedge, but hasn’t cleared resistance with authority
As long as NVDA stays above $168, bulls remain in control — but a daily close back below that level would re-enter the wedge and raise the risk of a false breakout, putting $151–148 back on the radar.
Until we see a strong breakout above $172.40 with volume, this remains a cautious breakout, not a confirmed one.
So far, the breakout attempt is intact — but not yet convincing.
🔹 Volume came in lighter, suggesting buyers aren’t fully committed
🔹 The candle printed a modest gain, but without expanding range or momentum
🔹 Price is still riding above the rising wedge, but hasn’t cleared resistance with authority
As long as NVDA stays above $168, bulls remain in control — but a daily close back below that level would re-enter the wedge and raise the risk of a false breakout, putting $151–148 back on the radar.
Until we see a strong breakout above $172.40 with volume, this remains a cautious breakout, not a confirmed one.
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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.