NVDA has been consolidationg for several weeks in a range between 515 and 550, it is looking like its on the brink of breaking out of this range. Currently its above the moving averages trending upward, it has already tested the 550 level 5 times, looking to breakout. The bollinger bands are also squeezing on this range which signals a potential breakout. With a breakout this can run up to 580
Nice analysis! Do you think that it’s possible a 556 or above for tomorrow?
BBTrader29
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@manasesrosario6, tomorrow may be a little soon. But if my entry criteria is valid it should start trending as soon as tomorrow. With a potential breakout by Friday