vf_investment

NVDA CHANNEL SUPPORT , POSSIBLE LONG

Long
NASDAQ:NVDA   NVIDIA
NVDA is in a bullish uptrend momentum. Stochastic oversold give us an opportunity to enter near to 50 EMA used as support many times. Also 50 EMA coincides with a channel support created after the breakout of resistance at $ 207,34. ADX is above 21 suggesting that the trend is still strong. Moreover the channel support coincides with the 50% Fibonacci.

BUY ENTRY: $ 214.76

TAKE PROFIT: $ 229.54
TAKE PROFIT 2: $ 254.77

STOP LOSS: $ 201.59

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NOT FINANCIAL ADVICE

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