NVDA Bearish Channel Structure Trade

NVDA has been respecting this bearish channel since Nov '24 with 5 touches on the lower trendline and 4 touches on the upper.

NVDA most recently bounced off the lower support, making the 5th touch, and gapped up with the indicies to reclaim the midpoint of the channel. With the midline acting as support, movement towards the upside of $127-$130 is much more likely.


http://dlvr.it/TJX3vc