• Dec 11, 2024
  • Trade ideas

NVIDIA: Head and Shoulders

NVIDIA, H4

NVIDIAH4.png

On the H4, #NVIDIA formed a head and shoulders pattern. Price has reached the neckline and is testing necessary support, but William's %R shows a large oversold pattern.

  • A fall below the support at 134.00 will start a bearish scenario with a target of 127.00;
  • A rebound from support could bring the price back to 146.00;
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Author: Egor Schmidt