Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
I Was Wrong...Here Is The 3 Reasons For This Mistake
NVIDIA
Long
I Was Wrong...Here Is The 3 Reasons For This Mistake
By lubosi
Follow
Follow
Dec 25, 2024
8
1
1
Dec 25, 2024
.1->This price is above the 50 EMA
.2->This price is above the 200 EMA
.3->This price has gapped up
--
1->This price is above the 50 EMA:
When you look at this chart you can see
that the price
has just crossed above the 50 EMA
this means the stock
NVDA
Has been trending above its moving average
for the past month and a half.
--
2->This price is above the 200 EMA
Again this means it's currently trading
on a yearly new high. This means
if you bought this
stock when the 50 EMA crossed
above the 200 EMA
you would be in a profitable position
--
3->This price has gapped up
This last step is speaking to the price action
that may be
"too good to be true"
its so easy because this is the final step to really pin point
wether to enter the trade or not.
-
Remember the key is to follow this strategy
-
Rocket boost this content to learn more.
Disclaimer:Trading is risky
do not use more than x4 margin.
Because you will lose money
wether you like it or not.
So learn risk management
and profit taking strategies.
Chart Patterns
tradingview
Trend Analysis
lubosi
Follow
Related publications
The 3 Reasons To Buy Nvidia Stock
by lubosi
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
.