Here we see 
NVDA weekly chart approached its weekly trend support after reporting earnings. Buying pressure couldn’t keep this below $120 for long. Dips like these are appealing for market-leading growth stocks, especially when the trend is respected. It provides opportunities to accumulate shares towards weekly trend support with intention of selling them towards resistance at the all time highs or beyond (or wherever your PTs may land). Either way, look at how nicely the weekly trend is respected here. 📈
NVDA weekly chart approached its weekly trend support after reporting earnings. Buying pressure couldn’t keep this below $120 for long. Dips like these are appealing for market-leading growth stocks, especially when the trend is respected. It provides opportunities to accumulate shares towards weekly trend support with intention of selling them towards resistance at the all time highs or beyond (or wherever your PTs may land). Either way, look at how nicely the weekly trend is respected here. 📈 
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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.
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.