NVDA.US 16.02.2017, D1 chart
Ascending trend and correction of the last movement to 23.6 Fibo
Price above diagonal support - probable rise
Price Action: Doji bars - possible end of the correction
Indicators:
Price above 50/200 SMA - confirming the long movement
CCI(50) over 0 and RSI (14) above 50 - bulls territory - positive signal
Fundamental:
Nvidia is surpassing the leader Intel in the pace of growth and return from its systems for saving data. The company is set for expansion in the area of graphic products and processors for vehicles, which suggests new investments and purchases of the NVIDIA stocks.
SL: 102.50
Alternative scenario: A breach under the diagonal support will deny the positive outcome
Trader Nikolay Georgiev
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