NVDA has broken out of my blue trend line with a strong bullish outlook, signaling a great opportunity for a long swing trade. The price has been consolidating within a tight range for some time, but today's breakout confirms the momentum shift. The stock is in a strong uptrend, trading will above the 200MA, which acts as a long term support level. It recently...
We’re entering a short swing on Tesla as it has broken below the 20MA with a strong bearish candlestick. It also broke through my support level, turning it into a new resistance zone. My target is a small profit near the 50% Fibonacci retracement level. I will continue monitoring how the price reacts to the Fib levels and our resistance zone, as Tesla remains in a...
NVDA is currently in strong consolidation, and I’m watching for a breakout above the blue trend line to enter long. The stock remains in a strong uptrend, holding above the 200MA. I’m also prepared for a bearish outlook if the price breaks below the pink trend line. I’m patiently waiting for confirmation to initiate a swing trade.