NVDA is on top of its channel and at resistance. I believe this is a good SHORT entry as tech stocks have been rallying all year.
I entered my short position at an average of 165.5 and looking to cover in between the green lines, or before ER (depending on price action).
I entered my short position at an average of 165.5 and looking to cover in between the green lines, or before ER (depending on price action).
Note
Covered NVDA at $162 and would stay out until another shorting opportunity. Will keep updated.Note
Resistance still holds. Safe short here ($168)Trade active
Shorted average $170.1713Trade closed: stop reached
Covered at $156. Will look to enter again monday.
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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.