Long

Trading ideas with NVDA

Updated

NVDA is in an uptrend channel. Likely going down to touch the lower channel first at 159.65 before breaking out (forming a bullish double bottom). Needs candle/RSI confirmation at this point. If it breaks down this price it will likely goes down to 153 before breaking out. So, stop loss should be put ten cents below the lower price channel (SL = 159.55). If price breaks out as expected we have three Fibonacci PT levels. GL!

Note

NVDA broke its ascending channel, it has two options this week:

Note

Double bottom and going:

Trade active

NVDA respecting its uptrend channel

Trade closed: target reached

roosgart

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