💥 Nvidia (NVDA) shares are trading around $NVDAdown 1.59% in recent activity as part of broader technology sector pullback. Despite the near term volatility, the stock is heavily anchored by an incredibly strong fiscal second quarter earnings report released on August 26, where revenue surged 106% year over year to $96.2billion.

Technical Insight:

NVDA is positioned in ascending momentum. The stock is progressively forming an upward channel with a partial higher highs and lows, in respect to the structure. Price approaches the trend support line, as we anticipate a long retracement within $214-$216.
Key point:

A confirmed reverse around this zone, activates a buy position, eyeing $231,as next potential high.

$NVDA