NVDA has multiple supports here

[Cobra]

$NVDA has multipe supports here: The previous low and the weekly EMA20, which it hasn't touched for a long long time so could attract some buyers as finally they can buy at 20 week average prices.

[Cobra]

$NVDA rebounded from the multiple supports I mentioned, now come down again to test the support. Decisive breakdown would mean possible head and shoulders top. Wait and see.

[Cobra]

$NVDA, touch the blue line again then breakdown would be more likely as the line has been tested many times.

[Cobra]

$NVDA touches the blue line again so breakdown should be more likely. A decisive breakdown would mean a head and shoulders top which has very low successful rate though.

[Cobra]

Just a follow up, no conclusion.

$NVDA make a classical breakdown then sharp reversal up. So far it's a range, so generally it would oscillate between the range high and low. Eventually there'll be a breakout either up or down. The question is whether the current reversal up is the breakout? Don't know.

[Cobra]

$NVDA is walking toward the range high as I said "generally oscillating between range high and low until breakout". My guess is it won't make a valid breakout this time.

[Cobra]

$NVDA is in a perfect "breakout would be" pattern.

[Cobra]

$NVDA indeed made a breakout.