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NVDA is being held back by 421. Once that breaks I think we see new highs not long after. I am long 440 July 31 and Aug 7 calls.
Comment:
This is bearish not just for NVDA.. I am seeing failed breakouts across the board as well. Along with major trend breaks
Trade closed: stop reached:
My stop was hit at 413.
Trade active:
New highs still coming and I am back long.
Comment:
New highs
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Comments
Failed breakouts are never good and my thinking continues to be... how much can retail hold the bag? I don't think they have the stomach for it and bigger players know this.
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@scheplick, I think we're testing those limits now and into next week. I definitely don't have the stomach for it
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