Top 5 Weekly Trade Ideas #5 - NVDA Broadening Wedge
NVDA has been consolidating after making a new ATH and pulling back. Here on the 4hr we have a broadening wedge and a bounce at $131.50. Key area is gong to be right around here to all time high. Bullish above and bearish below. Quite bearish IMO if it breaks below the wedge and below $131.50.
$131.50 is a great spot to long at or short on a break. ATH may be a good short, but I'd like to see the trend break with a new lower low before shorting given the strength of this stock.
$131.50 is a great spot to long at or short on a break. ATH may be a good short, but I'd like to see the trend break with a new lower low before shorting given the strength of this stock.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
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.
ko-fi.com/advancedplays/tiers
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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.