Juliac

NVDA - Inverted Head & Shoulders (Bullish Reversal)

NASDAQ:NVDA   NVIDIA
The formation of an inveted Head & Shoulders Pattern plus a gap above the neckline today looks to confirm that the trend is reversing up. It would have been double confirmation if the gap was stronger (ie decisive green candle with a large gap prefered). Nevertheless this could be the start of a new bullish trend with target around 200 mark. I would put a stop loss just below the right shoulder at 143. Let's hope it plays out.
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