NVIDIALong
NVDA - Bullish Inverse Head & Shoulders
Summary: NVDA is forming a bullish inverse head & shoulders on the longer timeframes. This trade and target are largely based on the larger pattern (4hr time frame), however the 1 hour time frame gives us a high quality entry on the break of 143.3 in the middle of the right shoulder so we don’t need to wait for a break of 146 for entries. Stop loss invalidating the trade would be break below 141.3.
P&L Assuming 143.3 Entry:
Gain: $6
Loss: $2
Risk v Reward: 3:1
Possible Contracts:
145C for 1/3/2025 (currently $4.40)
150C for 1/17/2025 (currently $4.60)
P&L Assuming 143.3 Entry:
Gain: $6
Loss: $2
Risk v Reward: 3:1
Possible Contracts:
145C for 1/3/2025 (currently $4.40)
150C for 1/17/2025 (currently $4.60)
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