NVIDIA

NVDA approaching significant support

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NVIDIA Inc. (NVDA) approaching significant long-term channel support, able to absorb monthly selling pressures.

From here (NVDA) can turn higher and push to new highs over the following 2 - 3 months.

A settlement above a near-term resistance level would accelerate this process.

Inversely, if a weekly settlement below channel support occurs, this places (NVDA) into a sell signal where losses of 20 - 25% would be expected over the following 3 - 5 months.

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