GroundNinja

NVDA Bull Flag

NASDAQ:NVDA   NVIDIA
NVDA Bull Flag continuation pattern after basing at the 204 price shelf since July 2021. This pattern is identified by the flagpole, correction in price generally in sideways action, and finally the anticipated upside break; The hallmark of today's price action. The >3.25% move today found support off the 20day MA and is poised to replicate the move measured from the flagpole, with a target price of 243.96. Failure of upside would see NVDA consolidate and/or return to 210 range// Beta 1.405, ATR: 6.26
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