On NVDA, we are in a rising channel with a series of rebounds on the support line. This chart configuration signals a high probability of seeing the market move higher. But this will only be possible if the resistance line is forcefully broken by a large green candlestick followed by significant green volume. This indicates the entry of major buyers into the market.
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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.