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Nvidia Is Testing the Midline of an Ascending Price Channel

07/17/2024

Less than a minute

2024.07.17 03:45

For 22 months, Nvidia (NASDAQ:) has politely traveled within the tidy confines of an ascending price channel.

NVDA Longs Chart

I suggest keeping a close eye on this dashed midline. A failure here would open up the prospect of a trip down to the price gap, marked in green, at $96.01, which is a long, long way from here.
NVDA Price Chart