NVIDIA - Losing strength?

١٢ ديسمبر ٢٠١٩

SHORT - NVDA

SL: 221.38 (Suggested by our algorithmic system)
TP: 203.25 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Price reaching resistance zone

2. Predicting price is on a downtrend channel

3. Volume indicators starting to look weak on the 4 hr chart

Trade idea from our mobile app: ibb.co/9ct1dcS (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Red Shade Box: Suggested Stoploss by our algorithmic system
Green Shade Box: Suggested Stoploss by our algorithmic system

١٢ ديسمبر ٢٠١٩

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