First and foremost, we never make chart-based trade recommendations in front of a major earnings announcement — whether for Nvidia (NVDA) or any other stock. However, charts are extremely helpful in outlining what's at stake for AFTER the reaction. Often there are patterns, key moving averages, and support/resistance levels, etc. across multiple time frames that must hold for a stock's technical condition to remain intact. As we'll see across the next three charts, that's very much the case for NVDA. Like many stocks, NVDA had done a very good job leveraging bullish patterns from the April lows. It has broken out of at least three bullish formations, each time reaching its respective upside target, with the most recent target having been achieved in October. On the flip side, the inability
These are the chart levels to watch on Nvidia as chipmaker gets set to report earnings
CNBC Investing2 hrs ago
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