NVIDIA CORP (NVDA.OQ)

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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, select commodities, cryptocurrencies and global equity indices. Below chart, NVIDIA Corporation is from the watchlist section of the weekly report. It is featuring a possible 4 month-long rectangle that can breakout to all-time highs.

NVIDIA CORP (NVDA.OQ)

NVIDIA Corporation accelerates computing to help solve the computational problems. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 502.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 518.00 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 603.00 levels.

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