Volatility is shrinking – Is Nvidia stock (NVDA) poised to surge? [Video]

Nvidia stock (NVDA) may be underperforming, but there’s a potential trading opportunity on the horizon. Let’s break it down:

Comparison with S&P 500

• NVDA as a laggard: Compared to the S&P 500, NVDA is still trending down, but this might not last long.

• Potential breakout: The current consolidation phase could lead to a breakout that aligns with the QQQ (Nasdaq 100).

Apex formation

• Apex formation: NVDA is currently forming an apex pattern, which often leads to significant price moves.

• Next steps: A breakout from this pattern could push NVDA to test its highs, signaling a bullish opportunity.

Trading plan for Nvidia stock (NVDA) [Video]