NVIDIALong
NVDA Descending Channel
The inverse H&S on NVDA didn't really play out. Never reclaimed $140 for more than a few minutes. Overall semis have been relatively weak this week. Still waiting for the bulls to step in on this thing as they usually do on all drops.
Might not be in the cards this time, but the market conditions support a recovery and if it can manage to breakout of this channel and reclaim $140 it has a lot of potential for another run to ATH. Downside target is still around $131.50 if it can't reclaim $140.
Might not be in the cards this time, but the market conditions support a recovery and if it can manage to breakout of this channel and reclaim $140 it has a lot of potential for another run to ATH. Downside target is still around $131.50 if it can't reclaim $140.
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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