NVDA is downtrending from the top of the channel. If price opens red, I am looking to buy PUTS.
Technical Analysis:
-Candles: Price fell 2% After hours -Moving Averages: 1HR and below, price fell below all MA's. on the 2HR it's at 200ma support -Volume: Big red engulfing candle -RSI: Downtrending -MACD: Downtrending toward 0 line -Histogram: Turned from yellow to red -Accumulation/Distribution: Falling
Fundamental Analysis:
-Price Fell enlight of MU's Earnings Report & negative price action. -It's Friday and sell offs are common
Trade closed: target reached
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T1 reached the next day. Price bounced off the support(green line) gains!! hope you got in!!!