Technically speaking: in the last 7 days the price of NVDA stays consistently at about $140.75 - $144, at the upper limit of the recent trading range. When a stock’s price consistently trades near the upper end of its recent range, it suggests that there is significant buying interest. This is interpreted as accumulation, where buyers are willing to absorb any selling pressure at higher prices, preventing the stock from pulling back. This “tension” at the upper limit indicates that buyers are gaining control, leading to an eventual breakout above the resistance level. In other words, the fact that the SP is consistently at the $141-$144 level, indicates that NVDA is preparing for a new leg up.
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