I have had a few successful trades this past week on NVDA. A lot of attention drawn to this one from news and US politics. I am looking for it to test support for another pull up as we go into earnings | Political vote while potentially playing a short term PUT if it breaks below my support. Long term I am bullish on this one if we are looking at common shares or leap calls as I believe fundamentally this stock will perform well as we gear more and more towards AI & other technology advancements with chips. (Not Financial Advice)
Comment:
We saw that it this one rejected teh resistance zone and began pulling into the section in which I mentioned would place it in to a bearish move. If it breaks below the 160 zone then I believe it has more to go. Would like to see a couple days of holding above 170 before I can look at this from a bullish perspective