$NVIDIA Corp(NVDA)$ 🚨Potential Inverse Head and Shoulders (IHS) Pattern Forming:
Nvidia’s stock may be forming an Inverse Head and Shoulders (IHS) pattern, a bullish reversal indicator.
Key Points:
• Support Level: $1133 is crucial. The stock must stay above this level for the IHS pattern to remain valid.
• Bullish Signal: Watch for a breakout above the neckline to confirm the bullish reversal.
Conclusion:
If Nvidia holds above $1133 and breaks the neckline, it signals a potential bullish reversal. Keep an eye on these levels for a possible upward trend.
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- ColinThorndike·06-04Awesome analysis on $NVDALikeReport