NVDA chart shows inverted head-and-shoulders-like pattern; historical volatility supports potential 20% upside to $276.
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Okay, let's take a look at the next one, Nvidia. Jensen Huang was there. There are huge crowds of people at this meeting, guys. If we look at "Nvidia", look at this, guys. It forms good resistance at this pivot area , and is somewhat similar to an "inverted head and shoulders" pattern.
Well, it's not entirely clear. So it is in principle, but if we draw the trend line, here it is, the neckline. I mean, we are now talking about key, important levels. In fact, if we look at the market value of Nvidia, let's see here.
The market value, wow. Look at that. This is absolutely crazy. $5.69 trillion and we are looking forward to a big move. This stock will be difficult to move, but it has achieved 20% in the past.
Certainly, he has made bigger moves than that in the past. This point represents a 43% movement in approximately 43 days. Therefore, do not rule out a 20% move for Nvidia. If we see an upward move, you are looking at approximately $276.
What this channel has said about $NVDA
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