Be careful, this is an earning play. I don't usually trade on earning days, however, I have good reasons to believe that NVDA's call will be positive today. This, however, doesn't necessarily predict a good outcome. Be careful.
Bull flag formed, past a corridor breakout.
Target price set at new Resistance bounce.
- Strong Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $492.07
Suggested Stop Loss $475.24
Target price $527.19
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Bull flag formed, past a corridor breakout.
Target price set at new Resistance bounce.
- Strong Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $492.07
Suggested Stop Loss $475.24
Target price $527.19
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Trade closed: target reached:
5.35% profit
Suggested Entry $484.87
Suggested Stop Loss $470.74
Target price $527.19