NVDA: Stock Approaches An Important Resistance ZoneNVIDIA CorporationBATS:NVDABlaisefxacademyNVIDIA Corporation (NVDA) closed its latest trading session at $230.36 per share, marking a 0.84% gain and pushing the tech giant within striking distance of its All Time High of $236.54. This positive momentum follows a massive corporate acquisition and sustained optimism from Wall Street after the company's recent explosive earnings report. Technical Insight: NVDA is situated on a bullish motion. The stock continues to scale in upward channel with a partial formation of higher highs and lows, in respect to the structure. Price is presently at a principle resistance level, which is also signifying an over bought area. We anticipate a short term retracement at this moment. Key Point: A clear pullback between $231-$236.70, activates a sell position down to $217.84, as next possible low. Thanks for reading.