Nvidia Corporation Stock Is Gaining

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.

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