For the past decade, Nvidia has been trading in a rising channel formation, perfectly following major rally and retracement cycles. But now we are starting to see some weakness on Nvidia and a break below the smaller timeframe support trendline will lead to a massive move lower.
For Nvidia, this month will be extremely decisive since we will either see even more continuation towards the downside, confirming the overall trendline breakdown or we see a strong push back up, invalidating the breakdown. So keep an eye on Nvidia this month.
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