NVDA has made a clean break of the multi week range. NVDA is the main chip maker for Crypto mining so I'm guessing that is the catalyst. I entered on the break today but continuation entry is still possible. Wait for Price to consolidate and break higher or buy on a pull back to the 382 fib of todays move. Given the the catalyst and upcoming earnings momentum this has room to ATH and a potential breakout.
Comment:
Here's a few trade notes how I handle a move like this. Keep in mind I have been stalking NVDA for a while waiting for a break of the tight consolidation since Nov and had one failed trade around Jan 11.
Comment:
Inside day near yesterday's high.
Comment:
Hit my 588 target and closed at 590. Breakout watch now.
Comment:
Got the break . 615 first breakout target.