Nvidia stock was able to break the historical resistance with a tail and close below it, however we are looking for greater positivity and therefore we are looking to buy from levels of 127.78 with an hourly closing stop below levels of 124.46.
Second scenario: If we do not get a price action signal at 127.78 levels, we look to buy the second 4-hour peak while getting oversold signals at 121.85 levels with a stop loss of an hourly candle below 118.00 and our target is to break the historical peak at 140.74 levels. NVDA
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