NVIDIALong
Top 5 Weekly Trade Ideas #4 - NVDA Breakout
Big time fakeout for NVDA recently after a failed head and shoulders and move below $131.50. Pretty dirty for bears, this type of action usually leads to a hard reversal in the other direction which is what we've seen so far after it finally decided to move.
Upside targets are the trendline above and ATH. Not really interested in taking a short on it if it falls, but it will be important to watch for clues about what the broader market might do either way.
Upside targets are the trendline above and ATH. Not really interested in taking a short on it if it falls, but it will be important to watch for clues about what the broader market might do either way.
Note
What a rejection, almost to the tick. Doesn't get much better than that.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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