So many indicators at sell signals - bearish daily candles - bearish RSI and guess what everything looks bearish before earning report which is expected to beat expectation (est. 1.3 eps) . The idea: This is good spot for short entry targeting 195-188-175-165-155 with stops at recent gaps at 258-231 . The expected scenario is to go down to new low for 2022 then strong bounce to 250-280-320. BUT on other side its possible for strong bounce at any moment with long green candle which will award Call options so Strangle here up to earning report will be much appreciated.
Comment:
Weekly at the cloud neck!
Comment:
NVDA 30 min chart looking attractive for bounce targeting 231
Comment:
NVDA 25 MAY ER DATE
A) 2 WEEKS
29 APR 195 P = 3.55
29 APR 230 C = 3.15
ENTRY AT 500$ (2.5 for each if possible) - pp at 31% target= +655$
B) ONE WEEK
22 APR 200 P = 2.45
22 APR 222.5 C = 2.79
ENTRY 500$ (2.5 for each if possible) - pp at 33% target= +665$
Will be updated by MON- TUE -- check it out .. :)
A) 2 WEEKS
29 APR 195 P = 3.55
29 APR 230 C = 3.15
ENTRY AT 500$ (2.5 for each if possible) - pp at 31% target= +655$
B) ONE WEEK
22 APR 200 P = 2.45
22 APR 222.5 C = 2.79
ENTRY 500$ (2.5 for each if possible) - pp at 33% target= +665$
Will be updated by MON- TUE -- check it out .. :)
Trade active:
LOWEST CLOSE SINCE OCT 21.... PERFECT ENTRY
Trade active:
TARGET REACHED AT 195
Trade active:
Trade closed: target reached:
Trade closed: target reached:
amazing bounce from 155
Trade closed: target reached:
Comment:
going back to 222