NVIDIA Trading Analysis (18/02/2025)
The trend is descending on the H1 timeframe. The stock is trading in the range between 365 and 135 EMAs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure when wave A breaks the sloping channel of the truncated structure.
- Stop-loss at the local maximum of the ascending structure.
- Price targets at 130.00 and 117.20.
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