Long

$NVDA - This is what I think

I bought a small starter position today, even though I mentioned that the ideal entry would be around the $95 area. I know, I committed a sin. Instead of waiting for it to come to me, I caught it in midair. 😂 Hopefully, the stock gods can find it in their hearts to forgive me.
Anyway, I’m watching the VWAP and trendline closely for a potential reversal.

On the other hand, if it breaks out from that broadening wedge, it could head to the $154 area.

With a $50 billion buyback in play, I don’t think it will get to the $95 area unless the macro environment deteriorates.

Targets:
$130
$140
$154

Supports:
$117
$109

As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.

PaperBozz

I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.

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