hi traders,
In this analysis we will have a look at NVDA on 1D time frame.
As we can see, the price found support at 105$ and we got a rejection to the upside.
However, we should be realistic with our expectations.
2 scenarios that I expect to play out:
1. The price gets rejected at the downsloping resistance line and the price will revisit the area of 110-105$ which will be an entry zone for longs.
Stop loss should be placed below 105$.
2. If the price closes below 105$, it should go to the buy zone 2 presented on the chart.
In both scenarios, I expect a new all-time high for NVDA.
Buying at buy zone 2 would be a great entry for a swing traders and long-term investors.
In this analysis we will have a look at NVDA on 1D time frame.
As we can see, the price found support at 105$ and we got a rejection to the upside.
However, we should be realistic with our expectations.
2 scenarios that I expect to play out:
1. The price gets rejected at the downsloping resistance line and the price will revisit the area of 110-105$ which will be an entry zone for longs.
Stop loss should be placed below 105$.
2. If the price closes below 105$, it should go to the buy zone 2 presented on the chart.
In both scenarios, I expect a new all-time high for NVDA.
Buying at buy zone 2 would be a great entry for a swing traders and long-term investors.
💥 Free signals and ideas ➡ t.me/vfinvestment
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
💥 Free signals and ideas ➡ t.me/vfinvestment
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.