Based on everything you see here this si what i think NVDA should look like coming ut of its current move above the cloud. As with any big move froma negative setup to a positive you are going to have a dip to secure support. Then a move back to the upside. I would look for large wicks below and no wicks on top of any green candles after the dip. This would be a sign of absorption and bullish move to take this to a higher high to make profits. As always I am not a financial advisor and do not follow me blindly on any trade. Do your own DD and make decisions that are best suited for your Risk Tolerance of what you can stand to lose.
by iCantw84it
10.15.2021
by iCantw84it
10.15.2021
Note
Up to the top of the channel i plotted. You can tell if this think will keep going if it goes past the top of the channel and closes. It will then come down and find support on top of the channel then continue to move upwards. Or
It finds resistance at the top of this channel and comes down to find support completing the dip it previously did as depicted by the channel.
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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.