Basically, it crossed the 200 period moving average* on the daily candle chart, and the stochastic marks a oversold condition, it may be because US inflation, but nvidia, that has almost all their graphics card sold out and no stock anywhere, so if nvidia still falls down is a clear indicator than the whole USA economy is going to fall down

The take profit, stop loss, and entry numbers are just random, i would enter on market on monday and the stop loss would be a little lower from the last low of the up trend that was before this horitzontal movement, the take profit, as you want, personally i dont use take profits

*Edit:  it did a fake brakeout, bullish hammer made, on Finlogix its not seen correctly but in TradingView it does, if it crosses truly the 200 ma its time to close this and enter short for a bear market

Alvaro Badia

Alvaro Badia

Mar 05 2021

NVIDIA Long Position

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