NVDA | 2HR | Watchlist to buy PUTS

27 בספט׳ 2019

NVDA is downtrending from the top of the channel. If price opens red, I am looking to buy PUTS.

Technical Analysis:

-Candles: Price fell 2% After hours
-Moving Averages: 1HR and below, price fell below all MA's. on the 2HR it's at 200ma support
-Volume: Big red engulfing candle
-RSI: Downtrending
-MACD: Downtrending toward 0 line
-Histogram: Turned from yellow to red
-Accumulation/Distribution: Falling

Fundamental Analysis:

-Price Fell enlight of MU's Earnings Report & negative price action.
-It's Friday and sell offs are common

30 בספט׳ 2019

עסקה סגורה: היעד הושג

T1 reached the next day. Price bounced off the support(green line) gains!!
hope you got in!!!