There is a huge gap and trap over earnings here. If this gaps up over 226 area this could go straight to the 200MA on the daily chart. NVDA has a history of making very large candles. If this gaps down there is no real support anywhere, but down by the 120 level and I just don't see that.. But man that would be a nice new car buying trade if it did. For me it would need to gap over my entry of 226 to make sure the shorts in my circle are trapped and feel the pain.
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Shorts selling to close so far this morning.. Locking in gains.. Maybe will have to wait for a pullback and roll over. If I was up over $40 on a short I would be selling to get out also. Jealous
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Hope you got in this morning. Trapping anyone who bought Friday. I like that 152 level on the weekly chart right now. Should make it today I think.
Trade closed: target reached:
$10 weekly option move. Yes please may I have another :O)