$NVIDIA (NVDA.US)$ After-hours analysis: NVIDIA rebounded ye...
After-hours analysis:
NVDA rebounded yesterday, forming a double top pattern on the hourly chart before encountering resistance and falling back, finding support at the 30-minute level. Today, the bulls attempted to retest the previous high, but with insufficient volume, they failed and closed near the support range of the 30-minute chart. It is highly probable that the bulls will launch another attack tomorrow. The previous high is a strong multi-period resistance zone, and it may not be easy to break through if the bullish volume remains insufficient. Currently, the 2-hour chart shows a bullish ascending triangle pattern with a target of 159.5. NVDA has been consolidating at high levels for several days, showing weakness in the bulls' upward momentum, facing resistance above and support below. The current situation reflects the tug of war between long and short positions, indicating a rising cautious sentiment among investors regarding the overvaluation of NVIDIA.
Overall, NVIDIA's growth potential remains strong, with the overall trend still biased towards an upward trajectory. Long-term investors do not need to be concerned about short-term fluctuations, while short-term traders can capitalize on volatility to take advantage of opportunities within the support and resistance range of the 30-minute chart.
Overall, NVIDIA's growth potential remains strong, with the overall trend still biased towards an upward trajectory. Long-term investors do not need to be concerned about short-term fluctuations, while short-term traders can capitalize on volatility to take advantage of opportunities within the support and resistance range of the 30-minute chart.
Short-term upper resistance levels: 145/147, support levels: 140/138.
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