Falling Wedge- Bullish

13 thg 1, 2022

Watching NVDA closely here- a bit wary of big tech at the moment, however, NVDA is setting up quite nicely holding a big falling wedge. Bollinger bands are starting to squeeze (Not Pictured), slight bullish hidden divergence on the RSI & MACD golden cross on the 4-Hour timeframe (See Attached Chart Below). Lastly, looks like NVDA went to try & reclaim the 50-day EMA but hard rejection off of it. Will be looking for a breakout from this wedge and for NVDA to reclaim the 50-day EMA (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge

- Falling Wedge
- Bollinger bands are starting to squeeze (Not Pictured)
- Slight bullish hidden divergence on the RSI on the 4-Hour timeframe (See Attached Chart Below)
- MACD Cross on the 4-Hour Timeframe (See Attached Chart Below)

PT1- $225.25
PT2- $276.31
PT3- $281.39
PT4- $284.56+

-- NVDA 4-Hour Timeframe --
https://www.tradingview.com/i/ooj88X8g/