NVIDIA
Short

Nvidia Swing Short

This stock has been doing well recently and has reached significant resistance levels with overbought conditions and bear divs on both RSI and Volume. Along with that its moving up in rising wedge which is bearish structure.

Highlighted the levels for SL and TP (Orange lines) it may not go all the way down because move from bottom to 50% level looks solid and supported by volume acceleration.

We also at the PRZ of a large bat structure, which should start putting downward pressure on the stock's price.

We have notable events coming up (CPI announcement) tomorrow and the day after and if they cause volatility, it's possible to get some good entry into this.


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