NVDA bouncing after selloff; larger ascending channel pattern on watch with risk of breakdown if lower trend line breaks.
He framed it in days
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Verified InvestingPublished Sep 15 · 2 passages
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Nvidia is bouncing today. Nasty selloff the last few days. It did fill a key gap that I discussed in the the game plan yesterday. I did play it in the live day trading room as a bounce play. Worked out beautifully for a day trade.
Again, nothing really new here, but the bigger pattern is on watch. In other words, we're in an ascending almost parallel. It's a slight, you know, these two trend lines are converging slightly.
But point is, do we head up to the highs? Do we go to the lows? And if we go to the lows, do we break down? That's the one concern. You do not want to see this lower trend line break.
What this channel has said about $NVDA
Verified Investing has 10 calls on this stock; only the adjacent ones are shown.
2026-09-15This one
Nvidia is bouncing today. Nasty selloff the last few days. It did fill a key gap that I discussed in the the game plan yesterday. I did play it in the live day trading room as a bounce play. Worked out beautifully for a day trade.
2026-09-04Bullish
But what does that mean for stocks like Tesla, or rather, not Tesla, but Nvidia and some other semiconductor companies? For me, Nvidia's stock rose and almost closed the price gap that dates back to May 14th, which is actually the day after my birthday. And I expect that if we see another strong push in the markets in general, Nvidia's stock will likely hit new record highs next week. Isn't that so? Again, we know how trading volumes tend to be during the holidays. We do not trade on Mondays, as the markets are closed. Therefore, public markets may experience lower trading volumes, which could lead to a gradual rise in the markets, which will certainly help Nvidia.
Quote at 02:50 ›