Chart Pattern Analysis Of NVDA.

10月12日

https://www.tradingview.com/x/AgnTmvfh/

K1 and K2 is a strong bullish engulfing pattern,
But unfortunately, K3 failed to close upon K2 to verify the strong momentum.
And the demand or supply pressure sharply decreased here.
So, it is possible that the following candles consolidate here for days and then choose to break up or fall down.

On the other hand,
It is also likely that K4 close below K2 immediately,
If that’s the fact,
A larger scale consolidation will starts here.

Long-136/Stop-134.6/Target-144
Long-130/Stop-128/Target-144

10月12日

ノート

K3 break up the neck line under decreased volume,
It seems that the supply pressure decreased and the bull force had fully controlled the market.
And another bull run will starts here.

On the other hand,
If K4 couldn’t break up K3 immediately to verify the bullish momentum,
It is also likely that a consolidation will starts here.

Long-131.5/Stop-128/Target-158

10月20日

ノート

K3 tested a potential support and closed at high price area.
It seems the following candles will consolidate here for weeks or break up immediately.
If K4 break up the resistance,
It will be valuable to buy it there.

If the following candles successfully retest the support for a second time.
It is also valuable to buy it there.

10月20日

ノート

K1 and K2 is a strong upthrust pattern,
It tested the potential support for a first time.
K3 verified the potential resistance for a second time.
It seems that the following candles will consolidate here for days or break up immediately.

If K5 couldn’t break up the resistance immediately or even starts with a bear gap,
The following candles will possibly fall back to test the support for more times.

Buy-134.9/Stop-133.5/Target-155

10月22日

ノート

K3 is a bullish candle with relatively increased volume,
But unfortunately, it failed to close upon the uptrend channel.
And the demands at the recent candles keep decreasing.

Considered K1 and K2 had verified the effectiveness of the resistance,
I will decrease my long-term positions here to avoid a potential consolidation.

Buy-130/Stop-128.5/Target-155