NVDIA: It's now or never for the Channel Up to continue upwards.

NVDIA is trading at the bottom of the eleven month Channel Up, around the 1D MA50 but on a neutral1D technical outlook (RSI = 51.399, MACD = -2.580, ADX = 27.665). As long as the price trades inside the Channel Up, it makes the current level a low risk buy entry. The 1D CCI suggests that the price might be on a bottom like February 23rd, after which it rose by 35.47%.

Consequently our target is of that price range but still contained under the HH trendline (TP = 600.00). If the 1D candle closes under the Channel Up, we will turn bearish and target the 1D MA200 (TP = 330.00)>

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##