NVDA reports on 5/9, and has been in a downward channel since the double top at 120. How low can it go before ER? If you are bullish on the company long-term, at what price points do you start scaling in?
If you didn't notice the bullish reversal on 3/7, then another entry was on 3/17 for a long position. The trailing stop is $5 of risk, not too shabby. $NVDA is one of our favorites for a Skip-strike butterfly trade, especially if you want an OTM position for higher risk reward (due to the price fluctuation and strike hits).
Our youtube post on our site discusses...
Since yesterday I am short on NVIDIA because it did not manage to break a major resistance line and broke a support line too on its way down.
Be careful should find support near 98$ zone otherwise could lose more ground
LONG SIGNAL detected on NVIDIA stock today
It managed to stay above the support line and stochastic's are at a very good level as well for an entry point
On April 4, 2017, NVIDIA Corporation ( NASDAQ:NVDA ) crossed below the 50 and 100 day moving average (MA). Both events have occurred on the same day 27 times with a minimal loss of 0.33% and median loss of 5.99%. Historically the stock has crossed below the 50 day MA 144 times and the stock does not always drop. The stock has a median loss of 3.802%. Historically...
I sold all of my positions in NVDA-last week.
I have been positive on the stock for a long time, but something is developing in the chart above that concerns me.
Look at the lower top indicator (AO). Please note that this has now put in place a 4th lower momentum top (red down arrow).
The chop zone and chop (bottom two indicators), while still green, have lost...
For the fun of it, here are some necklines (by no means all) from H&S (fuscia) or Inverse H&S (green / yellow current) that may still affect direction / velocity.
NVDA loves them, and current price is poised at highest POC (most volume for the price level). So breakout (up or down) is imminent!
So which of those necklines will win out? Needs a spike in volume...
