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AlphaTradersInc
Jan 18, 2022 3:13 AM

NVDA: Held Key Area Long

NVIDIA CorporationNASDAQ

Description

Watching NVDA to bounce after filling and holding a major gap at 267.84. If we see SOXL start to go green or gaps up, wouldn't be surprised to see NVDA have a move back to 284/285 area. Overall market cannot be going into the gutter for this move to happen. NVDA should find local supply around $280.

If NVDA fails 256 for any reason, swing puts down to 230 may be an absolute monster payday.
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