Antony_NPBFX
NPBFX Representative (unconfirmed)
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Nvidia Corp.: technical analysis 13.12.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Nvidia Corp. for a better understanding of the current market situation and more efficient trading.
Shares of Nvidia Corp., an American giant in the development of video graphics processors, are moving within a corrective trend at 476.00.
On the daily chart, the price is held within a sideways range of 500.00–400.00.
On the four-hour chart, after reaching the channel resistance line of 505.00, the quotes reversed downwards and may reach the range support level of 400.00 since the formation of a local Flag pattern with an implementation level of 450.00 is expected.
Technical indicators do not give a clear signal: fast EMA on the Alligator indicator are close to the signal line, preparing to expand the downward oscillation range, and the AO histogram forms corrective bars close to the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 452.00 with the target at 403.00. Stop loss – 470.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 497.00 with the target at 550.00. Stop loss – 480.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Nvidia Corp. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Nvidia Corp. for a better understanding of the current market situation and more efficient trading.
Shares of Nvidia Corp., an American giant in the development of video graphics processors, are moving within a corrective trend at 476.00.
On the daily chart, the price is held within a sideways range of 500.00–400.00.
On the four-hour chart, after reaching the channel resistance line of 505.00, the quotes reversed downwards and may reach the range support level of 400.00 since the formation of a local Flag pattern with an implementation level of 450.00 is expected.
Technical indicators do not give a clear signal: fast EMA on the Alligator indicator are close to the signal line, preparing to expand the downward oscillation range, and the AO histogram forms corrective bars close to the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 452.00 with the target at 403.00. Stop loss – 470.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 497.00 with the target at 550.00. Stop loss – 480.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Nvidia Corp. and trade efficiently with NPBFX.