NVIDIALong
Top 5 Weekly Trade Ideas #1 - NVDA Inverse H&S
NVDA had a bearish close last week and it got even worse this morning on China news, gapping down below $140. However, if it can quickly reclaim, which it is trying to do now, it could be a nice recovery. We also have an inverse H&S. This $140 level should provide good movement in either direction. Current bias is up due to market conditions and NVDA overall strength.
First upside target is the gap fill above and then potentially trendline resistance after. If it can't reclaim $140, first downside target is back down to $131.50.
First upside target is the gap fill above and then potentially trendline resistance after. If it can't reclaim $140, first downside target is back down to $131.50.
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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