Continues to rapidly rise PE only 7!!
Coming into Earnings NVDA is looking increasingly bearish. I believe NVDA will retrace to the .5 and .618 giving a target of 24.06 and 23.09. Cheers and Happy Trading. -Ryanhasoptions
IMO will bounce back down to the blue zone and then up with new Highs Support Fibonnaci levels -was a great retracement from the first rise
NVDA had a nice Gap & Go 8/7, look for the shorts to BTC (Buy To Close) which will cause nice price rise with a possible re-test around 24 and a bounce after.
Sharp bounce on high trading volume suggests potential upside to test 23.50 on a move over $22 key price point
We were looking to buy the pull back on this anyway. Nice MSR off the 100 SMA
Stubborn resistance around $22.30 finally broken last session on high trading volume. Price last seen in 2011 where hit $25 before pulling back. Suit bought call
Break out of a distribution phase. Prior candle is black, trapping people. Good volume.
NVDA expected to open at 21.88 for a Perfect Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
Nvidia daily chart has formed a hammer, on the back of the 100 and 200 MA support, the kumo cloud, and the 50% fib of the latest bull wave. In terms of volume we got a high reading indicating some major market participation. While, in terms of the oscillators, the RSI is above 50 and pointing upwards, the stochastic is pointing up as well and may cross-back from...