NVDA has been trading in an overall uptrend. Price has tested major support and buyers momentum has started to dominate. Overall, the trade is placed early, with moving averages not lining up as planned. But setup looks like there could be a breakout to the upside. Identified two levels that I need to watch closely (marked in red). Price action may be pointing to an exhausted pullback where buyers are starting to come in.
Trade closed: stop reached:
Price hit T/P +2.89%.
Comment:
Correction; Target reached.