NVIDIALong
$NVDA Shows Strength - Despite $SPY Weakness!
Overall, NVDA was the name to pay attention to today.
Even though the
SPY traded to the downside, NVDA held strong with a push above $130.
The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Potential political headwinds are not to be discounted quite yet.
This trade carries risk, however, my cost-basis is below 20/share so I'm not sweating it.
IFNVDA continues on this upward trajectory - we should see 170/share by early next year.
IF NOT - we can get another great dip buy opportunity in the low 100s.
NVDA was the name to pay attention to today. Even though the
SPY traded to the downside, NVDA held strong with a push above $130. The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Potential political headwinds are not to be discounted quite yet.
This trade carries risk, however, my cost-basis is below 20/share so I'm not sweating it.
IF
NVDA continues on this upward trajectory - we should see 170/share by early next year. IF NOT - we can get another great dip buy opportunity in the low 100s.
Note
$135 calls paid upwards of 130%!
Congrats everyone!!!
I trade live on Discord - discord.gg/pennybois
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I trade live on Discord - discord.gg/pennybois
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.