Ivory_Wolf

Potential short term bounce in NVDA

Long
Ivory_Wolf Updated   
BATS:NVDA   NVIDIA
Will the anchored vWAP of $763.45 on the daily chart for NVDA (anchored from the low on 3rd January 2024) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($778.00) looks like a potential intraday key level at this stage...
Trade active:
Intraday trade exceeded the key intraday level of $778.00 at 9:25am for retail pre-market trade, triggering a potential buy signal. Confirmed on a five minute chart with the 9:40am bar and was fairly shaky during the morning trade - finally achieved a fifteen minute chart confirmation in the bullish direction with the 11:30am bar.

Suggested stop loss for the trade below Friday's low at a level such as $755.49 in order to provide "wiggle room" to observe market reaction at the anchored vWAP and recent swing low.

Detailed commentary about this trade available here:
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)

Like/subscribe for the latest!
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.