NVDA ~ Snapshot TA (Daily / Nov 2023)

NVDA chart mapping/analysis.

Breakout/bullish price momentum pushing higher within an ascending parallel channel (green).

Bull target(s)

• Golden Pocker Fib
  
• Ascending trend-line resistance (white dotted)
  
• 78.6% Fib (+1)
  

Bear target(s)

• 50% Fib (+1)
  
• Descending trend-line support (white dotted) aka "return to scene of crime"
  
• 38.2% Fib (+1)
  
• Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone
  
• 23.6% Fib (+1)
  
• Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone
  

Commento:

Note: TradingView chart was dividend adjusted (ADJ) when mapped.

Commento:

NVDA taps/rejects Golden Fib Pocket.

Bulls need to "engulf" previous session candle to regain upside momentum, otherwise downside target 50% Fib (+1) / re-test breakout zone.