Nvidia Technical Analysis: Bullish Breakout or Trap?

Nvidia, Gpu, Electronics, Pcb, Board, Processor

Image Source: Pixabay

Nvidia (NVDA) stock has staged a strong rally off of its recent lows as the stock market attempts to bounce as well, but when looking at the charts from a technical analysis view, does this stock still have what it takes to keep the stock price rallying higher, or are we looking for a reversal in the near term for Nvidia? In this video, I will cover the NVDA stock chart as well as compare it to what we are seeing in the broader market with the S&P 500 (SPY).

Video Length: 00:06:12