Posts
Showing posts from October, 2022
NVDA technical analysis
- Get link
- X
- Other Apps
https://www.forexlive.com/technical-analysis/nvda-technical-analysis-20221002/ The following technical analysis video for Nvidia Corp. stock shows that despite the bears looking good with the existing downtrend, bulls can start planning a series of buys , and set buy orders at lower prices, as they target a reversal. I have invented this method which I have not seen anywhere else. I call it the ' Fibonacci Entry '. Why? Because as the price goes down, a Fibonnaci series of orders is set. 1 NVDA stock is bought Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price then 5, 8, 11, etc... The length of the Fib series is up to you. So are the entry prices (which, ideally, should match some logic on the price chart, according to the technical analysis, its pattern, price levels, etc). I show a detailed example of this, and the key element of average weighted entry price, so watch the video. Last but not least, some traders may see this and call...