Nvidia: ⬆️ Buy
– Nvidia broke key resistance 210.00
– Likely to rise to resistance level 220.00
Nvidia is under the strong pressure after the earlier breakout of the key resistance 210.00 (former multi-month high from October).
The breakout of the resistance 210.00 coincided with the breakout of the resistance trendline of the daily up channel from March – which accelerated the active short-term impulse wave iii.
Given the strong weekly uptrend, Nvidia can be expected to rise further to the next resistance level 220.00 (top of the previous impulse wave iii).