Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Nvidia Corporation on the Nasdaq Stock Exchange.
NVIDIA CORP (NVDA.O)
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 582 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 600 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 695 levels. (Data as of Feb 8, 2021)
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