Long

RSI Buy Signal on NVDA

Updated

NVDA brokeout on January 3rd from a month-long consolidation, rising 29% to $249.27 on January 31st. Tracking the 10-day RSI during this 18% pullback, it bottomed at 34 on February 5th, drifted back up to 50, then dropped back down to 41. Using 50 as the buy trigger, we got the signal on Friday's close when the RSI hit 53. Also supporting the trade is Friday's 41.8m volume - 140% above the 10-day average.

-- Roy

Note

NVDA sold-off today (2/12/18) but the 10-day RSI held above the RSI trigger for the trade.

Trade closed: target reached

Taking profits ahead of the 3-day weekend.

Scribnersplace

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