Ivory_Wolf

Potential short term bounce in NVDA

Long
Ivory_Wolf Updated   
BATS:NVDA   NVIDIA
Will the anchored vWAP of $763.45 on the daily chart for NVDA (anchored from the low on 3rd January 2024) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($778.00) looks like a potential intraday key level at this stage...
Trade active:
Intraday trade exceeded the key intraday level of $778.00 at 9:25am for retail pre-market trade, triggering a potential buy signal. Confirmed on a five minute chart with the 9:40am bar and was fairly shaky during the morning trade - finally achieved a fifteen minute chart confirmation in the bullish direction with the 11:30am bar.

Suggested stop loss for the trade below Friday's low at a level such as $755.49 in order to provide "wiggle room" to observe market reaction at the anchored vWAP and recent swing low.

Detailed commentary about this trade available here:
- www.youtube.com/watch?v=u-xP-WkfZWM (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=Sl1YLdBAcD4 (Crypto review)

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