hi traders,
In this analysis we will have a look at NVDA on 1D time frame.
As we can see, the price found support at 105$ and we got a rejection to the upside.
However, we should be realistic with our expectations.
2 scenarios that I expect to play out:
1. The price gets rejected at the downsloping resistance line and the price will revisit the area of 110-105$ which will be an entry zone for longs.
Stop loss should be placed below 105$.
2. If the price closes below 105$, it should go to the buy zone 2 presented on the chart.
In both scenarios, I expect a new all-time high for NVDA.
Buying at buy zone 2 would be a great entry for a swing traders and long-term investors.
In this analysis we will have a look at NVDA on 1D time frame.
As we can see, the price found support at 105$ and we got a rejection to the upside.
However, we should be realistic with our expectations.
2 scenarios that I expect to play out:
1. The price gets rejected at the downsloping resistance line and the price will revisit the area of 110-105$ which will be an entry zone for longs.
Stop loss should be placed below 105$.
2. If the price closes below 105$, it should go to the buy zone 2 presented on the chart.
In both scenarios, I expect a new all-time high for NVDA.
Buying at buy zone 2 would be a great entry for a swing traders and long-term investors.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.