
This Morning: π NVDA Trading Analysis: Moving Averages, Key Levels & Strategy π
We took a deep dive into trading NVDA using moving averages and key levels, identifying potential opportunities for day trading and swing trading setups. πΉ Key Level to Watch: $112.54 NVDA needs to break and hold above $112.54 to gain momentum for a continued upside move. This level acts as a potential pivot for bullish continuation. πΉ Moving Averages: 10/20 Cross Strategy We're tracking the 10-day and 20-day moving averages for trade setups: β Bullish Signal: When the 10 MA crosses above the 20 MA β potential long entry. β Bearish Signal: When the 10 MA crosses below the 20 MA β potential short or exit signal. πΉ Trading Rules: Entry & Exit Strategy π Entry: Long above $112.54 if the price holds. Confirmation via 10/20 MA crossover and strong volume. π Exit: Partial profits at resistance zones. Stop loss below recent support or MA breakdown. πΉ Final Thoughts NVDA presents strong momentum potential, and by combining moving averages with key levels, we can refine our day trading and swing trading strategies. Keep an eye on the 10/20 MA crossover for confirmation and watch $112.54 as a key breakout level! π Letβs trade smart and stay disciplined! π₯π° #NVDA #DayTrading #SwingTrading #StockMarket #TradingStrategy This is not financial advice, just my own observations and research on market movements.