NVDA : H&S breaking down, with a 23% profit Target
NVDA has broken down a nice Head and Shoulder formation, for a projected 23% profit.
On this case, It is interesting to note those points :
So... a Short trade, right now, would be a smart suggestion, followed later with Long trade. As usual a protected Stop is always appropriate.
Have fun… WynTrader
NVDA has broken down a nice Head and Shoulder formation, for a projected 23% profit.
On this case, It is interesting to note those points :
- This NVDA H&S Target should be placed around 308.00$, as projected the H&S calculation.
- This price Target at 308.00$ correlates with the lower base of a Gap-Up, realized on the May 25th 2023, when NVDA Results were published.
- Also, this 308.00$ Target coincides with the 0.50 Fibonacci retracement, starting at the low of Oct. 13th 2022.
- And, this 308.00$ Target may be joined around that date of the next NVDA Results planned for Nov. 21th 2023.
So... a Short trade, right now, would be a smart suggestion, followed later with Long trade. As usual a protected Stop is always appropriate.
Have fun… WynTrader
Trade active:
Humm... I'm not so sure with this Short trade.
Because, the market had a positive reaction believing that the Fed should have no further action taken.
A stop at 442.37 is in place.
Let's see!
Because, the market had a positive reaction believing that the Fed should have no further action taken.
A stop at 442.37 is in place.
Let's see!
Trade active:
2023-11-03 11h21
Hummm... Stop at 442.37 is having its footh beginning to feel the heat of the price on fire
Have fun!
Hummm... Stop at 442.37 is having its footh beginning to feel the heat of the price on fire
Have fun!
Trade closed: stop reached:
2023-11-03
Too bad... 😢😢😢😢 Snif
NVDA as a strong competitor beat this H&S so popular technical rule.
See you next time
WynTrader
Too bad... 😢😢😢😢 Snif
NVDA as a strong competitor beat this H&S so popular technical rule.
See you next time
WynTrader
Wyn-Trader