As we all know NVDA recently had a nice earnings report. In analyzing the Daily relative strength, it's outperforming the marking and holding up nice during the market correction. Today the market looks like it has good potential to end green and is coming out of a correction period... at least for a small one "imo". During these times are when leaders tend to shine. VIX is falling for added sentiment. Ideally I would like to see NVDA price action to hold 235.50 — 236'ish convincingly before entry. I am looking for momentum before entering. I am not entering on this candle, but sharing this idea a little early as a signal to be prepared for a "possible" entry.
Disclaimer: This is strictly an opinion, as we all now strategies don't always play out and there is a level of risk. Please always remember to do your own analysis.
Disclaimer: This is strictly an opinion, as we all now strategies don't always play out and there is a level of risk. Please always remember to do your own analysis.