I have not posted for a while, been busy trying to improve my trading entries and exit.
I am back now and will be posting more regularly :).
Nvidia has broken out of H&S pattern on 4 hour.
Any retest to the highlighted orange area around 888-900 would be suitable for buying.
Stops can be placed below the 10 DEMA or 20 DEMA.
For conservative risk traders, stops can be placed below at 848.
I am looking for a run up to 950, where I will take one-third of my position off and wait for volume and price confirmation for break above 960.
At the moment, volume is not that great so its difficult to put on a huge position with conviction. Hoping to see that manifest, in breakout above 960.
If we can go above 960, I honestly believe 1500 is on the cards for this stock.
I am back now and will be posting more regularly :).
Nvidia has broken out of H&S pattern on 4 hour.
Any retest to the highlighted orange area around 888-900 would be suitable for buying.
Stops can be placed below the 10 DEMA or 20 DEMA.
For conservative risk traders, stops can be placed below at 848.
I am looking for a run up to 950, where I will take one-third of my position off and wait for volume and price confirmation for break above 960.
At the moment, volume is not that great so its difficult to put on a huge position with conviction. Hoping to see that manifest, in breakout above 960.
If we can go above 960, I honestly believe 1500 is on the cards for this stock.
Comment:
Got in the formation of that massive reversal bar which is forming on the daily.
Would not expect it to retest anywhere close to that area after massive sell off to 830, earlier in the night.
Would not expect it to retest anywhere close to that area after massive sell off to 830, earlier in the night.
Comment:
Still in the position. Stops below 20 EMA (daily).
Comment:
Stops are at 878.
Let see what happens next.