NVDA broke out of the Descending Channel | NDVA ER Run Up

21 May 2021

NVDA recently broke above this descending channel. With ER coming in 6 days, I will be watching closely for a continuation higher leading up to ER.

Today, we closed closely above the 61.80% fib level of $587. It is critical we hold this level, if not - a minor pullback/support at $569 - $571.90 would be a good retracement.

If we move higher, we will climb to the mental number of $600 and $613.27.