Steversteves

NVDA: Last week of November

Long
Steversteves Updated   
BATS:NVDA   NVIDIA Corporation
And last but not least NVDA.

Break and hold over the blue, its a long to the high targets.
Break and hold below the orange, its a short to the low targets.

NVDA can be a bit bipolar and do 180s midway through the move, so its more of a "lock in your gains when you got em" kind of stock.

For example last week:


But based on current momentum, I don't think it will have problems reaching a target ;).

Just my thoughts, safe trades!
Comment:

I'm long, just a few contracts because they pretty intensely expensive and move like a futures contract haha.

Tragetting the intra-day high range. Will take profits completely if we go back to the bullish (aqua line) condition.
Comment:
Because NVDA has been my daily driver this week, will update the levels to watch tomorrow.

I am looking for this to complete the move down to the weekly low targets. Here is the threshold range and the low/high targets for tomorrow:


Essentially, the daily low targets tomorrow fall within the confines of the weekly low targets.
A move to the daily high targets will bring us back to the weekly threshold level in the primary chart.

It should be hopefully straight forward *knock on wood*, just be sure to reference those two daily threshold levels if you are day trading it.

Safe trades!

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