chart shows NVIDIA's stock price on a 4-hour timeframe. The price surged from around $80 to a peak near $150, then corrected to around $130. An ascending triangle pattern, with the price breaking below the support trendline, indicating a potential bearish move. The horizontal resistance at $31-$128 suggests a key level to watch. If the price fails to reclaim this zone, it might continue downward, possibly testing the trend line around $120. Volume spikes during the breakout and correction align with the price action, supporting the bullish outlook.
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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.