RyanDreBach

NVDA a strong buy at support

NASDAQ:NVDA   NVIDIA CORP
NVDA is approaching it's key support level $250-$260. There are no practical concerns regarding NVDA's earnings going into next year, so I expect NVDA to approach the higher end of it's long-term upward channel around $330 come January. The January calls at strike $290 have a decent risk/reward ratio, as if $330 is achieved at expiration, they'll be valued at $40 (300% higher than their current price), so I'll be entering them if NVDA either nears it's support area just above $260 or if it breaks above $270.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out