18.05.2021
#NVDA
The overall trend is upward. The stock is trading in a range of 365 and 135 moving averages and an internal downward price channel. A start fractal has formed above 135 EMA. Breaking through the start fractal will result in the formation of an ascending pattern of 1-2-3 and breaking through the upper limit of the internal descending price channel. Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy at the breakout of 573.00.
Stop Loss: 537.00.
Target levels: 615.00; 643.00.
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