A new 52-week high after earnings, while the overall market is still in correction, and the main indices
NDX
,
SPX
are all still below their own MA-20, MA-50
This is a classical buy point for trend-following traders.
With the stop loss below the low of the current session.
Trade closed manually:
I decided to close the trade here at $202 to reduce my exposure to chip into NVDA earnings
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