Trading idea number S-011 | NVIDIA stock could raise to $530 area.
The setup is positive. The RSI is above its neutrality area at 50. The MACD is above its signal line and in the positive range. In addition, the stock is trading above its 20- and 50-day moving averages.
We may see a further decline toward the 0.618 FIB level ($441) before the rebound.
📈 Long Entry at 470 💰 Take Profit at 532 💸 Stop Loss at 419