Drstocks_happy_trading

NVDA - is the uptrend ending?

Short
NASDAQ:NVDA   NVIDIA
Hi traders, looking back about a year ago you can see

- a H&S had formed in the daily chart which might be completed soon.

- Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached.

- Price has pierced the upper bollinger band.

- stochastic and RSI are overbought

- price was rejected near the upper trendline of the falling wedge.

So I expect a reversal and decided to go short yesterday :
entry 148
SL 153
TP 109

Maybe I am totally wrong and tomorrow the uptrend continues.

What do you think?
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