Just purchased some NVDA PUTs after it lose movement from this mornings push upward. I was seeing if it would cross that $430 Fib Retracement Level but it didn't even make it that far before showing signs of moment loss (for the moment).
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the $400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the $400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
Tim Burks | Founder - MyMI Wallet
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
I don't plan on going Short for long on NVDA, I just believe there is a cooldown period that will occur before it ramps back up in which I would then go forward with Shares/Options to the upside.