NVDA breaking down recent uptrend line but acting well today at 50dma. I guess it took out many traders longing from 120, 115, 110, 108... and finally even stops below 50day tripped. so many traders just wanna go back in hype up this impressive growth stock once again... the final hype. NVDA, with huge numbers and a leader position in big growth fields like virtual realitiy, deep learning, artificial intelligence, self driving cars.
I'm considering long if 104 holds and market picks up steam
I'm considering long if 104 holds and market picks up steam
Trade active:
50dma working nicely, long with the strong close just little below 111, going to add as it breaks 120. stop 107ish end of day. the 50day must hold now
Comment:
lucky me i sold it out yesterday as well to get more cash.