NVIDIA
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Nvidia Stock 5-Day Consolidation Breakout - Uptrend or Pullback?

268
Trade Duration: Intraday
Trade Type: Breakout


- Nvidia is currently consolidating tightly between $132 and $136, forming a narrow range that reflects a balance between buyers and sellers unwilling to relinquish control. This range-bound action signals indecision, but it won’t last indefinitely.

- Typically, the longer the consolidation, the more significant the subsequent move. As new participants enter the market, a breakout—whether upward or downward—can trigger a powerful surge.

- This move is often amplified by breakout buyers joining in and stop-loss orders of trapped traders being triggered, creating an ideal setup for an intraday breakout trade.

- I plan to initiate either a buy or sell position depending on the breakout direction, capitalizing on the momentum generated by this tight consolidation phase.

Upside Targets : 138$ and 141$
Downside Targets : 128$ and 126$
Dagangan ditutup: hentian tercapai

Penafian

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