Top 5 Weekly Trade Ideas #5 - NVDA Broadening Wedge

NVDA has been consolidating after making a new ATH and pulling back. Here on the 4hr we have a broadening wedge and a bounce at $131.50. Key area is gong to be right around here to all time high. Bullish above and bearish below. Quite bearish IMO if it breaks below the wedge and below $131.50.

$131.50 is a great spot to long at or short on a break. ATH may be a good short, but I'd like to see the trend break with a new lower low before shorting given the strength of this stock.
Chart PatternsTrend Analysis

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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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