NVIDIA bullish breakout soon
NVIDIA (NVDA) might perform a bullish breakout of it’s ascending triangle formed on the 30 minuts chart.
Also MACD Signal and Wil%R was formed as bullish signals yesterday.
There are 2 senarios for today:
1. The price falls back to the Supportline and test it again for a raise back up.
2. The price will breakout on the top Resistanceline. If the price breakout, I would like to see a retest then I will go long.
Maybe the price will test resistanceline more times before breakout, but eventually the price WILL breakout.
Just in case the price will perform a breakout of Supportline and fall, then I will NOT trade this Stock.
Why not ? Because I only see Bullish signals and I will not trade again the Signal.
Better be Safe than Sorry.