NVDA consolidation inside a channel

2023년 8월 7일

Candles for the past 3 days seem to have suggested a solid support is in place, notice how the 02nd Aug candle was rejected by the gap fill, coupled with subsequent two higher high candles.
Pay attention to the upper and lowers gaps which might attract price to re-test and break those areas before moving further in its direction.
The bears don't look they have enough force nor power, the bulls do look tired but not yet subsided, currently it looks as if the price is inside a bull flag while the leg led up to the consolidation is upwards, therefore the bias is the expectation of further upside to come.