Nvidia - Preparing a textbook swingtrade!

Jul 1

🏅Nvidia (NVDA) is heading for a major support:

🔎Analysis summary:

For almost 12 months now, Nvidia has overall been moving completely sideways. But looking at the higher timeframe, Nvidia is approaching a major confluence of support. If we see the retest and bullish confirmation, this will simply be another textbook setup.

📝Levels to watch:

$170

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

Jul 8

Trade active

🏅Nvidia (NVDA) is just heading higher again:

🔎Analysis summary:

While the entire market is heading lower and lower, Nvidia is showing some real relative strength. And while it would still be wonderful to see a retest of the clear support soon, Nvidia still remains incredibly bullish. But so far, Nvidia is not a swingtrade yet.

📝Levels to watch:

$170

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

Jul 15

Trade closed: target reached

🏅Nvidia (NVDA) is creating new highs again:

🔎Analysis summary:

Literally without any hesitation at all, Nvidia is now heading back to new all time highs. And all of this while the underlying trend clearly remains incredibly bullish. If Nvidia creates this all time high breakout soon, the bullrun will simply just continue until 2027.

📝Levels to watch:

$170 and $220

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)