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

20 May

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$

23 May

İşlem kapandı: durdurma seviyesi