During regular trading on Tuesday, shares of Nvidia advanced nearly 5% as investors anticipated the chip company’s latest results. The jump in Nvidia shares helped lift the Nasdaq Composite to a 1% gain.
Uptrend Side: Based on my analysis, the price increased by +180 pips and stabilized above 21,715, with expectations of reaching 20,865 and 21020.
Downtrend Side: The bearish trend with trading below 20715 is likely to extend the downtrend toward 20,550 and subsequently to 20,325.
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