NVDA
This stock has a lot of LONG fanboys holding bags praying.
After making a series of lower lows and failing to make higher high, price broke trend and fell below 50ema.
Price has since found itself in a sideways range between 211- 269.
Price is currently at resistance level, stochastic is “over-bought” and MACD is below 0 in bear territory.
Price is in area of value. This is my cue to enter trade
Entering trade short
Entry: 261.27
Stop Loss: 282.98
Target: 214.11, +18.05%, 2.14 RR ratio
This stock has a lot of LONG fanboys holding bags praying.
After making a series of lower lows and failing to make higher high, price broke trend and fell below 50ema.
Price has since found itself in a sideways range between 211- 269.
Price is currently at resistance level, stochastic is “over-bought” and MACD is below 0 in bear territory.
Price is in area of value. This is my cue to enter trade
Entering trade short
Entry: 261.27
Stop Loss: 282.98
Target: 214.11, +18.05%, 2.14 RR ratio
Trade active
Trade still activeNote
Gotta love the false breakout and price falling back below resistance. Bears continue to show off their strength here.Trade closed: target reached
Exit: 214.11, +18.05%, 2.14 RR ratio
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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.
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.