Nvidia Wave Analysis – 20 February, 2020

• Nvidia rising inside short-term impulse wave 3
• Likely to rise to 330.00

Nvidia has been rising sharply in the last few trading session inside the short-term impulse wave 3 – which belongs to the medium-term upward impulse sequence (5) from the start of December.

The price earlier broke through the resistance area lying between the resistance level 260.00 and the two resistance trendlines of two daily up channels from August and December.

Nvidia is likely to rise further toward the next resistance level 330.00 (target price for the completion of the active impulse wave (5)).