NVDA Update, Able to reach to next resistance zone at 717-748?
Updated
NVDA is doing great continuously making higher highs and higher lows in H1 time frame.
It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one.
Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now.
For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully.
Good Luck everyone.
It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one.
Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now.
For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully.
Good Luck everyone.
Note
Last low in H1 time frame is 678.18 and last low in daily time frame is 618.4. Think about your stop loss carefully.Note
NVDA has problem with suggested resistance zone. Stick to your stop loss. Trade objectively.Note
Now we have a new low and new high in daily time frame. You can move your stop loss higher.Note
Have you adjusted your stop loss to 687.04?Note
You can move your stop loss higher to 703.38.Trade closed: target reached
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