 Hey, what's going on guys? My name is Mark and I like to day trade and or swing trade depending on you know What the opportunities are but what you can see on your screen right now is the four hour candle chart for Nvidia which is actually a stock that I've not really Kind of had on my radar previously and you can see it's pretty looks pretty good It's always on a kind of ascending pattern, which is what we're looking for And I actually put some money into it recently So I'm just going to talk about why and what I've saw what I've seen what I've saw what I've seen And and why I decided to put some money into it and what caught my interest right so As always if you're seeing any of my videos on this is probably boring you see it every every single time, but moving average 15 period right and Exponential There we go, right so First of all I start off by putting the support levels in right so you can see that it's previously seen a Support around this level here, right? So you can see it's hit it here, which is which is 270 is it 270 in here here It hit a little bit low, but you can see those are massive Buyback by these candles here So, you know to 17 to 17 again here it touched and then it was recently to 17 after the sell-off From last month so over the past months been on a huge sell-off you see it hit to 17 Here right and then just looking at the resistances again Pretty kind of around this 250 level right so it's 250 here 250 here 250 250, right? Okay, so you can see there's there's some pretty strong support resistance levels for me. Anyway, that's that's why I see there, okay, and so What I'm looking for again, you can see with this 15 period email always use this To identify when the stock has has hit its bottom And we might be looking at a potential uptrend and that's where we can make our money, right? So you can see here is it's here is this resistance level of 250 Which was when was that last month, right? And it's kind of been on a downtrend ever since then Okay, and then a couple of days ago We reached this to 17 level and Then it's broken above The EMA. Okay, so that's what I'm always always always looking for before I buy in when I'm looking at a reversal Break above the EMA. Okay, and it is broken above the EMA here, but I've gotten a little bit early because You can see here it's broken above the EMA and it's pulled back straight away, right? But then it's validated the EMA as a support because the next candle has stayed above the EMA and it's And it's grown, right? So this is what I bought in so I bought in here around this 227 level I think I'm not sure exactly and obviously you can see it's closed a little bit lower at 225 Which is fine because it's still showing this EMA level here is 224 As a support level right so as long as it doesn't break this EMA And I'm hoping when market opens we'll see that the EMA is supported and it's gonna bounce up from there So I hope all this all this makes sense, right? So that's that's what I'm looking for I'm looking for The EMA to be supported if not again, we'll just cut our losses not a problem It's it's better to just get out rather than hold on to a fallen knife as it were But I'm pretty confident this is gonna take a turn up So we'll take a look at some of the other indicators that I use so we use the MACD here Which again, you can see is is indicating a cell signal you see the MACD crossing with a signal and then we get the histograph Showing us pretty solid cell signs Right, so that's good. And also you can see the EMA is pointing up as well Which is what I like it's taking and I'll wait for it to take it upward till right So it's not neutral. It's not just going straight across It is it's actually actively pointing up. Yeah, and the RSI which if you're not familiar with any of this I do have videos Explaining all these things and why use them and I'm why I think they're helpful 30 Period which I can link below as well Right and again the RSI is is pointing down So again, we've got two out of three So the MACD is a pretty good indication to buy the EMA itself is a good indication to buy along with the support and resistance levels so We've got three out four or two out three showing us that it's a good time to buy so I'm pretty happy with that and again It's in the middle. So could always turn up, but we'll see how it goes over the next couple of days if you found this video interesting or Helpful at all then be sure to like subscribe come check out the other videos that do this every week I talk about the stocks. I'm looking for over the next couple of weeks And what I'm looking for them to do and then when I act on them, you'll know about it I'm also going to do a challenge where I look to turn two and a half thousand dollars into 10,000 and then 10,000 to 50,000 and so on and so forth and we'll see how successful go that do like a weekly round-up on how it's going I'll just drop out my fidget spinner. Oops Right, um, so yeah, but I hope you enjoyed the video if it's interesting to you then be sure to come by You're more than welcome to take a look around and I'll look forward to talking to you guys in the future