In the last month the Nvidia has been make an amazing upward move that stops today at a very problematic point for her.
Investors who has followed the stock knows that it has been trading for a long time in a very clear tube, $ 515 - $ 560 which brought with it a lot of successful trades.
After the breach of the pipe came the downward correction and the stock was shipped up to a price of $ 460- $ 480
There it met the ema 200 as support, from there a few more ups and downs until the rise of the last two weeks.
The stock closes today on the high point of the pipe and completes an increase of 12.5% after crossing ema 20/50/100
High Obv with positive deviation could give more power for the upward.
It only remains to be seen if there is more air left for buyers after the ascent or we will see a Technical decline move
crossing 560 with good vol will get us to the two first $ 587- $ 615 targets for start
Technical decline below 550$ will be return to trade inside the pipe
* There is no buy / sell recommendation in the aforesaid ,
Investors who has followed the stock knows that it has been trading for a long time in a very clear tube, $ 515 - $ 560 which brought with it a lot of successful trades.
After the breach of the pipe came the downward correction and the stock was shipped up to a price of $ 460- $ 480
There it met the ema 200 as support, from there a few more ups and downs until the rise of the last two weeks.
The stock closes today on the high point of the pipe and completes an increase of 12.5% after crossing ema 20/50/100
High Obv with positive deviation could give more power for the upward.
It only remains to be seen if there is more air left for buyers after the ascent or we will see a Technical decline move
crossing 560 with good vol will get us to the two first $ 587- $ 615 targets for start
Technical decline below 550$ will be return to trade inside the pipe
* There is no buy / sell recommendation in the aforesaid ,
Trade active:
Quick update , today we saw nice push up from the resistance of 560$
569$ was the high for today .
W%r is on high overbought level so count it with the end of the week and we have good chance we will see some pullback to our support on 560$ , for who's that wait to see breakout it will be a good entry point .
S1 - 560$
S2 - 535$
S3- 515$
569$ was the high for today .
W%r is on high overbought level so count it with the end of the week and we have good chance we will see some pullback to our support on 560$ , for who's that wait to see breakout it will be a good entry point .
S1 - 560$
S2 - 535$
S3- 515$
Trade closed: target reached:
next stop : 641$
Comment:
new target update upload