NVDA
In my June 22nd post "The market is growing - what should an investor do?", I already mentioned that NVDA looks good for investors to buy.
Today, in my opinion, it looks good for intraday trading as well.
What's on the chart:
1. The strong round level 380 was overcome and rewritten.
2. long player was able to rewrite the new high: 381.25.
3. The fall of June 11 was redeemed again.
4. After a false break-down we went down, however, on the good news about the market, this fall was bought back.
5. We closed near the level.
6. There is enough position in the paper to at least reject the primary momentum.
Two trading options.
1. Aggressive scenario:
We put a Buy Stop before the level hoping for a primary impulse. SL we put at once under level.
2. Safe scenario:
Enter only after the price is fixed above the level.
The entry price is 385.7, i.e. we wait for the price to take the previous false breakout.
However, this trade may have to be carried overnight.
The size of the risk is also bigger here, because SL will have to be placed under the level in any case, but there is a plus: you will not get a possible triggering of SL at the primary volatility.