NVDA Ascending Channel Insights: Key Scalping & Swing Trade Zones

06/12/2024 32 min
NVDA Ascending Channel Insights: Key Scalping & Swing Trade Zones

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Episode Synopsis

This document provides a technical analysis of NVIDIA (NVDA) stock, outlining potential trading strategies based on its current price action within an ascending channel. Key support and resistance levels, along with MACD divergence and volume analysis, are used to identify short-term (scalping) and swing trading opportunities. Bullish and bearish scenarios are presented, considering potential breakouts or pullbacks. Crucially, the analysis emphasizes the importance of risk management through stop-loss orders and disclaims any financial advice. The text offers a structured trading plan including pre-market preparation, intraday monitoring, and end-of-day procedures.📊 For detailed charts and full technical analysis, visit:👉 TradingView Profile - BullBearInsightsStay ahead of the market and access expert insights to guide your trading decisions! Hosted on Acast. See acast.com/privacy for more information.