NVDA LONG with trend line and counter trend line showing entry
Pink line showing trend line showing up trend on daily chart.
Counter trend lines shown with blue arrows.
Green arrows show U-turns and good entry points (ie. Buy when daily candlestick closes higher than the countertrend line).
Note after green arrows there are 4 - 8 up days before a new countertrend line.
black thick arrows show range of possibilities for tomorrow. Lowest expected would be to trend line and bouncing off (low of $478). More likely (based on above trend analysis) to extend above $524 with close higher than $492.47.
Counter trend lines shown with blue arrows.
Green arrows show U-turns and good entry points (ie. Buy when daily candlestick closes higher than the countertrend line).
Note after green arrows there are 4 - 8 up days before a new countertrend line.
black thick arrows show range of possibilities for tomorrow. Lowest expected would be to trend line and bouncing off (low of $478). More likely (based on above trend analysis) to extend above $524 with close higher than $492.47.
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