I've moved $NVDA to the top of my watch list! As you can see by the chart we have some nice consolidation going on for the last 5 weeks. The shorter term trend is running at about 45 degrees and suggests that the resolution is higher prices. I'll be looking for a breakout to the upside with volume in the coming days or weeks. Looks to me like there is plenty of upside potential once it breaks with volume... Ideas, not investing advice.
Trade active:
I opened a 1/2 position on the breakout today @ $376.32. I ll consider bringing it to a full position if it can pop over $380 with volume... My stop is just below today's low... if she can't run I'm out.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.