NVDA has hit and is so far consolidating on the MA200 (4h), touching it for the first time since January 6th 2023.
It is a triple support as besides the MA200, the price hit the bottom of the Megaphone pattern and the Rising Support (also since January).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 525.00 (top of Megaphone).
Tips:
1. The RSI (1d) is almost turned oversold. The lowest it has been since September 26th 2022, which was the market's global bottom. An additional buy indication.
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