$NVDA DOUBLE BOTTOM

31 mai 2022

swing trade idea for NVDA.

Very bullish on the market in general. NVDA just completed a double bottom on the daily is looking to break out. I have my price targets indicated in green. Stop loss is the red line. I expect NVDA to hit PT's very fast most likely this week and I suggest scaling in and taking profit and signs of strengths because the market is subject to change in a literal instant.

Note: I don't use the MACD and RSI outside of the role of just additional confluence. Strictly price action in this market.

1 juin 2022

Note

same as SPY some tough resistance around that $190 area but didn't make a new low so still in the pattern on the daily.

3 juin 2022

Note

no lie, NVDA almost had me convinced the double bottom wasn't gonna play out.

On my mistake, i entered into a position first thing monday morning instead of waiting for the set up and nice dip, smh.

Double bottom is playing out to what I expected, nonetheless, PTs still valid. Expecting 202/203 tomorrow.