The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Stocks

Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

by admin May 30, 2025
May 30, 2025
Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

SIL Silver Miners

SIL was among the leaders yesterday and now is close to triggering this double-bottom bullish pattern. Staying above the 43-mark would target 47. That’s not a big move, but let’s remember that SIL is sporting bullish formations on its longer-term charts, too.

FIGURE 1. DAILY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

SIL – Weekly

Firstly, the double-bottom pattern on this weekly log chart annotated in blue remains alive. This objective is up near 49.

Secondly, the area highlighted in green here is the same pattern pictured on the daily chart above. That area is sitting at the very top of a much bigger bullish inverse head-and-shoulders pattern that extends all the way back to 2021. Thus, if the short-term breakout works, it will trigger this one, as well. That target is in the mid-70s…

FIGURE 2. WEEKLY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

SIL – Monthly

And that green pattern above is part of this MUCH larger, 13-year potential double bottom. We still have a while to go before this one is triggered, but it’s important to keep all of these in the back of our minds.

Anyone who trades or tracks SIL knows that short-term whipsaws are the norm. So, while these breakouts may not be clean, the bullish structures are clear. The bottom line is that if SIL continues to make higher highs and higher lows, the patterns will continue to work.

FIGURE 3. MONTHLY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

USO Crude Oil

USO was among the leaders yesterday, but it’s still trying to bust through its 50-DMA, which has been the sticking point the last few weeks. If it can soon, USO could complete this potential bullish inverse H&S pattern. The upside target would be in the 77-78 range, and that would align with key short-term tops from the last year. First step, push above the 50-day line…

FIGURE 4. DAILY CHART OF US OIL FUND (USO).

NVDA

The obvious question every time NVDA rallies is whether it’s too late to buy.  To get a true sense of the stock’s technical prospects, we need to view it across different charts and time frames.

First, here’s a view of the bullish flag pattern we cited on Tuesday (along with TSLA, GOOGL and META). Given the preceding staircase-like advance, the starting point of the flagpole is subjective. We’re using the early May low given that the stock avoided filling a gap from a few days earlier.

Regardless, the measured move counts to the 161 zone, which would be a new all-time high.

FIGURE 5. DAILY CHART OF NVIDIA CORP. (NVDA).

This second one is a daily chart that extends all the way back to 2010 and shows times when breaking below or above the 200-DMA led to strong, extended moves for the stock. From this angle, the recent 200-day breach didn’t last that long at all, and now NVDA has the chance to once again follow through after breaking back above it over the last few weeks.

FIGURE 6. LONGER-TERM DAILY CHART OF NVIDIA CORP. (NVDA).

Here’s a weekly, log chart going back to the 2022 low. NVDA has leveraged three major pattern breakouts since then to power the astounding rally the last two-plus years. With the stock last having made a new high last October and being net flat since last July, an eventual push back above the 150-zone could prompt big pattern-breakout number four.

FIGURE 7. WEEKLY CHART OF NVIDIA CORP. (NVDA).

Lastly, here are the biggest breakouts on this monthly chart that goes back over two decades. Again, looking at it from this viewpoint makes the last 11 months appear like a very small digestive phase, especially compared to the other three on the chart. Thus, the first step will be seeing how well NVDA can hold the opening gap. That’s important for today, but much more important for the days and weeks to come.

FIGURE 8. MONTHLY CHART OF NVIDIA CORP. (NVDA).

0
FacebookTwitterGoogle +Pinterest
previous post
White House discloses who will lead DOGE efforts after Musk’s departure
next post
Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

Related Posts

Analyze This: Will the Dow Will Soar or...

June 21, 2024

What the S&P 500, VIX, and ARKK are...

June 17, 2025

Week Ahead: NIFTY Violates Key Support Levels; Drags...

October 27, 2024

What Seasonality Charts Reveal About the Top Sectors...

November 13, 2024

S&P 500 Slide Explained: What Past Price Action...

May 25, 2025

The Future of Options Trading: Real-Time Technical &...

October 30, 2024

When in Doubt, Follow the Leadership

April 19, 2025

Top 10 Stocks to Watch in July 2024!

June 29, 2024

Alibaba Returns to the Scene of the Crime

June 8, 2024

Nasdaq DROPS on Weak AMZN, TSLA & GOOGL...

February 11, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 31, 2025
    • Epstein estate to hand over ‘birthday book’ to lawmakers, House Dem says

      August 31, 2025
    • Dyan Cannon denied White House entry after lying about her age on passport documents

      August 31, 2025
    • Israel eliminates Houthi prime minister in Yemen airstrike targeting senior government officials

      August 31, 2025
    • Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

      August 31, 2025

    Categories

    • Business (1,370)
    • Politics (4,370)
    • Stocks (1,619)
    • Uncategorized (45)
    • World News (1,363)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved