NVDA.US D1 | Our expectations:
Correction to 61.8 Fibonacci on the long-term upward movement, ending with the activated Head & Shoulders formation, gives ground to look for long positions with SL 140.00.
The price has broken back above the 50SMA - a positive signal
RSI (14) over 50 and still below 70 - positive signal.
CCI (50) over 0 - positive signal.
Alternative Scenario: If the price goes back under SMA50 it will break the positive scenario.
Foundation: The company has positive profits and high sales turnover. The last drop in stock prices has been dictated by the fall of the Crippto market, which is currently stabilizing.
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25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
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