Possible Head and shoulders on Nvidia

Note: This section contains information in English only.
Source: Dukascopy Bank SA


A Head and Shoulders pattern has formed on Nvidia stock. If the second shoulder is confirmed, a price move towards 130.05 and 115.15 is plausible.

Additionally, the Chinese government is investigating Nvidia for a possible anti-monopoly law breach, which could amplify the downward price movement if the H&S pattern is confirmed.

However, if the pattern is not confirmed, further price movement to the upside is highly plausible in the short term.
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