NVDA - Buying the Retracement
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NVDA has retraced past the .62 fib towards .705 and .79. Buy zone is between 158 and 142 dollars in the green box. Scale in for better entry price. Stop at 136.85. I would look at 192 for first profit taking and 216 after that.
The idea of this trade is that price will bounce in this region, it maybe the bottom or maybe not, from a longer term perspective it could still drop some more, however in this region probability is higher.
Timeframe - Weekly
Support - (1) 158.49 and (2) 142.30
Resistance - (1) 192 and (2) 216
Stop - 136.85
Happy Trading!
The idea of this trade is that price will bounce in this region, it maybe the bottom or maybe not, from a longer term perspective it could still drop some more, however in this region probability is higher.
Timeframe - Weekly
Support - (1) 158.49 and (2) 142.30
Resistance - (1) 192 and (2) 216
Stop - 136.85
Happy Trading!
交易進行
First Order hit at 158.49交易結束：達到停損點
Stopped out
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