NVDIA Can it hold the MA200 (4h) and rally hard?
NVDA has hit and is so far consolidating on the MA200 (4h), touching it for the first time since January 6th 2023.
It is a triple support as besides the MA200, the price hit the bottom of the Megaphone pattern and the Rising Support (also since January).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 525.00 (top of Megaphone).
Tips:
1. The RSI (1d) is almost turned oversold. The lowest it has been since September 26th 2022, which was the market's global bottom. An additional buy indication.
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It is a triple support as besides the MA200, the price hit the bottom of the Megaphone pattern and the Rising Support (also since January).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 525.00 (top of Megaphone).
Tips:
1. The RSI (1d) is almost turned oversold. The lowest it has been since September 26th 2022, which was the market's global bottom. An additional buy indication.
Please like, follow and comment!!
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Start being profitable! 💰
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