Nice little retracement in
NVDA
. There's something here for both short-term and longer-term traders. Looking left, almost every dip has been bought, and bought quickly. There is some extra support in both the high and the low 140s, so patience might be rewarded. But if it starts moving up, and CMF starts rising, I'd jump in for a few dollars to the upside.
For a longer-term play, I'd set my stop right around 140; for a short-term play, stops should probably be very tight.
NVDA
. There's something here for both short-term and longer-term traders. Looking left, almost every dip has been bought, and bought quickly. There is some extra support in both the high and the low 140s, so patience might be rewarded. But if it starts moving up, and CMF starts rising, I'd jump in for a few dollars to the upside. For a longer-term play, I'd set my stop right around 140; for a short-term play, stops should probably be very tight.
Comment:
Too late to edit, but 540s. Not 140s. Setting a stop near the 140s would be a terrible idea :)