Nvidia Corporation (NVDA) stock has been enjoying a strong rally for the past six months.
Investors who fled the #tech sector last month are returning in droves. And it appears order and profits have been restored in momentum land. Look no further than Nvidia Corporation (NASDAQ: NVDA), the indisputable poster child of the space. NVDA stock is now a whisker from record highs.
There’s no time like the present for a fresh take on Nvidia. It’s itching for a breakout after a five day pause.
Just picture a rocket ship, and you’ve pretty much got the gist of Nvidia’s weekly chart.
The location of this week’s consolidation isn’t random. We’re basing just beneath the stock’s all-time high from June 9. And it is setting up a trade-worthy breakout pattern.