NVDA: Spring effect on SL: Buy idea
On NVDA we would have a high probability of having an upward trend over a time unit of one (01) hour. This is explained by the fact that we have two (02) spring effects on the support line. Red candles with a small body and a long, low wick. This upward trend will also be confirmed by the breaking of the resistance line with force and the vwap by a large green candle accompanied by a large green volume.
Furthermore, we must be careful because there may also be a continuation of this downward trend in the event of a strong break of the support line by sellers.
Furthermore, we must be careful because there may also be a continuation of this downward trend in the event of a strong break of the support line by sellers.
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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.