Possible break down to $282 or if the trend hold, shoots to the upside. Possible earnings catalyst or tariff relief.
My opinion, one of the best levels to buy soon to be reached with NAIL, 3x levered home builders. Simple strategy, price gets to $21.14 let it fall below the line and then buy it when it breaks above the line. Set first take profit at +320%, remove a third of your position, then do the same at +500%, and 700% for the remaining 2/3's. Set stop to a fixed amount...
3 Positions in AMD from 2018-2025 Duration of trades: 106 - 1,064 days Gains: +217% - +917% Closing in on the trend line, look for a bounce at the line or likely if it goes under, wait for a rally back above the line. This chart is set at the daily timeframe. If you trade on the minor volatility within the major trend, I've found the 2 hour timeframe using a...
With the exlcusion of double bottoms and minor noise in the trend, snap has risen 5 times from $8.35 to +40% gains with the highest at 114%. It just dropped below $8.35. Buy of it rises above $8.35, set your target at 40% or move up your stops using higher highs/higher lows.
4 Trades over 8 years SOXL 3X Levered ETF on Semiconductors High to low: Start 2/12/2016: +1,338%, 763 Days 12/24/2018: +392%, 393 Days 3/18/2020: +1,821%, 651 Days 10/13/2022: +937%, 637 Days Not a quick trade, but it has been profitable.
Nvidia's pulled back, but so far, based on the daily timeframe for 2024, the stock has pulled back to this trendline and then later moved up 46% (trough to peak: Feb 21st - Mar 8th), 86% (Apr 19th - Jun 20th), and 68% (Aug 5th - Nov 21st). On Tues it hit the trend line again.
If the CPI report tomorrow is favorable for the bulls; MSFT is right at its uptrend line, prime for a bounce higher and maybe a run up through the end of the year.