Bullish Short Term Setup In NVIDIA
Updated
Please note:
This is an If-Then setup in the NVIDIA stock. The share price fell quickly and dramatically today. So drastically that the price fell below the low of the value area of the last upward move.
This situation offers us the opportunity for a short term long trade
We enter this trade under the following condition:
We wait for two closing prices within the Value Area, so the closing prices should be above the 124.95 dollar mark.
We set the SL below the low of Monday's over-the-counter trading and select the high of the value area at USD 130.12 as the price target.
This is an If-Then setup in the NVIDIA stock. The share price fell quickly and dramatically today. So drastically that the price fell below the low of the value area of the last upward move.
This situation offers us the opportunity for a short term long trade
We enter this trade under the following condition:
We wait for two closing prices within the Value Area, so the closing prices should be above the 124.95 dollar mark.
We set the SL below the low of Monday's over-the-counter trading and select the high of the value area at USD 130.12 as the price target.
Trade closed manually
Market seems to reverseNote
Realized 1R
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