NVDA have been in uptrend channel lasting 70 day's, you can use very basic I idea buy support and sell on the resistance.
Hint: since NVDA in uptrend do not short it or buy PUT option
"trend is your friend "
do not forget the stop lose
How to identify trends and trend changes.
In downtrends - trendlines must connect the descending peaks - left to right
In uptrends - trendlines must connect rising thoroughs - left to right
"Trend is your friend unless it ends"- T. DeMark:)
Charles H. Dow (with Edward Jones and Charles Bergstresser) founded the Dow Jones & Company Inc. and developped the Dow Jones Industrial Average (the big new thing back then were big industries, now it is big tech giants Apple Amazon Google Facebook... Next is going to be renewables and biotech nah just kidding next is a huge recession and WW3 and the end of...
One of the most influential instruments for analysing the financial markets is the Dow theory from Charles Dow. This theory has six principles:
1. everything is processed in the indices or market averages;
2. the market has three trends;
3. each primary trend consists of three phases;
4. the market averages must confirm each other;
5. the volume must confirm the...