Top 5 Weekly Trade Ideas #5 - NVDA Support Test
Big sell off on NVDA and other semis after the ASML leak. NVDA just had a huge triangle breakout that nearly led to a new ATH. So far NVDA has found support here around 131.50, which is a recent low and the high from August.
If it can handle 131.50, it might be a good long for a move back up to ATH and potentially higher. If it breaks below 131.50, next target is the retest of the triangle breakout below.
If it can handle 131.50, it might be a good long for a move back up to ATH and potentially higher. If it breaks below 131.50, next target is the retest of the triangle breakout below.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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