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Benzinga
Benzinga
Business
Melanie Schaffer

Why Nvidia Stock Could Surpass $300 On A Break From This Pattern

Nvidia Nasdaq NVIDIA Corporation

NVIDIA Corporation (NASDAQ:NVDA) was trading near flat Thursday, in another period of consolidation where the stock shot up over 33% between March 15 and Tuesday.

The most recent rise, which took place between March 24 and March 29, combined with the downwards consolidation on Wednesday and Thursday, has settled Nvidia into a possible bull flag pattern on the daily chart.

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