$NVDA, LongNVIDIA CorporationBATS:NVDAjoonkimNVDA is a leader of SPX and NDX holding ~8% and ~12% of respective indices. NVDA had a failed head and shoulder breakdown. After breaking above the polarity zone, the price sustained 5 consecutive closes above this level creating a bullish momentum. Possible inverted SHS formation can also been seen. See green ellipticals. The depth of neckline to head is ~ about 22.5. AVWAP~ 210 Today, the market closed above the neck line, 212.6. Now above the neck line, the price may swing high to 230. Credit: Rachel Dashiell from Schwab.