NVDIA Short-term buy signal within the 8-month Channel Up.

NVIDIA Corporation (NVDA) not only found Support yesterday at the bottom of the 8 month Channel Up but the strong daily rise managed to close the 1D candle above the 1D MA50 (blue trend-line). Last time it did so was on January 09 2023, on a similar bullish reversal fractal after a Channel Up bottom.

With the 1D RSI also rebounding exactly on the Support level from the bottom of that fractal, we turn bullish again on the stock, targeting the 1.618 Fibonacci extension at $540.00.

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