jbzstocks
Long

Nvidia (NVDA) Channel Line Bounce / BTFD

NASDAQ:NVDA   NVIDIA CORPORATION - COMMON STOCK
Not a pure divergence play, but a nice spot to retrace.

Buy: 192.40
Target: 197.38 - 204.12 (2.59% - 6.09%)
Hello,
I did not get it. As of my understanding the fast K line (blue) must cross the slower D line (purple) to generate a buy signal. But is this signal valid if the slower line comes from the top and is crossed? Should not both lines went up to have a valid signal?

And why do you have two stochastics in your chart but only one appears?

Best regards, Josef
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jbzstocks gabbersepp
@gabbersepp, Hi, Josef! Thanks for your question. I actually combined 2 stochastics in the chart so I can get a short term and a long term look. The blue is a Stochastics 9,3 and the purple is a Stochastic 60,10. I do not use %K at all so what you see is just the %D for each stochastic. Because of this, I do not use the lines crossing as a signal. It's purely about a divergence on the %D.
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