Trade Idea for NVIDIA Corporation (NASDAQ)
NVIDIA Corporation (NASDAQ)
#NVDA
The H1 trend is bullish. The stock is trading between the 365 and 135 moving averages. The descending wave structures are truncated. The Awesome Oscillator shows a bullish divergence.
Trade idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks 183.68 (pivot of wave C).
Stop Loss — 179.70 (below the local low of the descending structure).
Target levels — 190.70; 202.00.
