{"id":62507,"date":"2024-12-04T10:00:18","date_gmt":"2024-12-04T15:00:18","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=62507"},"modified":"2024-12-04T16:59:56","modified_gmt":"2024-12-04T21:59:56","slug":"chart-day-nvidias-next-leg","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/","title":{"rendered":"Chart of the Day: Is Nvidia&#8217;s Next Leg Coming?"},"content":{"rendered":"<p>Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming.<\/p>\n<p>The first pattern on today\u2019s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old resistance become &#8230;<\/p>\n<p><em>For more, please\u00a0<a href=\"https:\/\/www.tradingview.com\/chart\/VZ\/IyhTrBDq-Verizon-Weak-in-a-Strong-Market\/\" target=\"_blank\" rel=\"noreferrer noopener\">click\u00a0here<\/a>\u00a0to view the related idea and chart analysis on\u00a0<a href=\"https:\/\/www.tradestation.com\/promo\/cash-reward-tv\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView<\/a>.<\/em><\/p>\n<div id=\"attachment_62509\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-62509\" class=\"wp-image-62509 size-large\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-1024x478.png\" alt=\"\" width=\"1024\" height=\"478\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-1024x478.png 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-300x140.png 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-768x359.png 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-1536x717.png 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204-1080x504.png 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/NVDA_TV_20241204.png 1835w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-62509\" class=\"wp-caption-text\"><em>Nvidia (NVDA), daily chart, with selected patterns and indicators, courtesy of TradingView.<\/em><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming. The first pattern on today\u2019s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":38763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[13,38,30],"tags":[181],"class_list":["post-62507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks","category-technical-analysis","category-technology","tag-nvda","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chart of the Day: Is Nvidia&#039;s Next Leg Coming? | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart of the Day: Is Nvidia&#039;s Next Leg Coming? | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming. The first pattern on today\u2019s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-04T15:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-04T21:59:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradestation.com\/insights\/wp-content\/uploads\/sites\/2\/2020\/07\/semiconductor_AdobeStock_321373976.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/\",\"name\":\"Chart of the Day: Is Nvidia's Next Leg Coming? | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradestation.com\/insights\/wp-content\/uploads\/sites\/2\/2020\/07\/semiconductor_AdobeStock_321373976.jpeg\",\"datePublished\":\"2024-12-04T15:00:18+00:00\",\"dateModified\":\"2024-12-04T21:59:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/#primaryimage\",\"url\":\"https:\/\/www.tradestation.com\/insights\/wp-content\/uploads\/sites\/2\/2020\/07\/semiconductor_AdobeStock_321373976.jpeg\",\"contentUrl\":\"https:\/\/www.tradestation.com\/insights\/wp-content\/uploads\/sites\/2\/2020\/07\/semiconductor_AdobeStock_321373976.jpeg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/04\/chart-day-nvidias-next-leg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chart of the Day: Is Nvidia&#8217;s Next Leg Coming?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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