Long

Bullish NVDA outlook past $505

Updated

Said NVDA will retest 500 yesterday. Stop the panic and look at the overall day and how it ended. Stopped out my trades at the top of today's high but if we hold 496.14 and 494.00 as my stop, 489 down would mark downtrend.

Said last week it would hit 500 too.
Last week
s3.tradingview.com/snapshots/w/WGzS22ll.png

Either way, buying shares and cost averaging is good if you're bullish. AMD, SOXL, MRVL also some good ones I look at and will do some analysis in as I'm invested in every trade I publish ideas on. I do long-term risk management focused trades whether it's options or not.

With NVDA going to be constant leaders in AI and with top partnerships, no wonder the analyst rating increases too.

I've been investing in chips/tech i.e AMD, NVDA since 2018. Not worried about any downtrends because those are the best moments for traders .. who doesn't like a discount?

Note

493 at open. Looks to be going towards the magic number. Either way, selling my Jan contract soon and keeping my LEAPS/Equity for NVDA.

Trade active

I don't normally post during work hours as I am an analyst for a group but I hope you guys and girls followed resistance levels and didn't get scared off at the sell off today. It was bound to happen but I mainly focus on LEAPs but do covered calls

Daytraded 490C 0dte NVDA from 1.22 to 8.70. Keeping my monthly in Sept and obviously keeping my shares.

Note

:) stopped out at 100% + wins on everything and just left some runners for now.

Trade closed: target reached

still holding my shares and a quick monthly call to play the run up to the new ATH. Not going for any leaps or anythin till we settle back down but its fine if you go long term expirations.. Played this 0dtes two weeks in a row from .35 to 11.00+ and then today's swing from last week along with my sept 600C closed at 300% profits = $900 and the sept 600C closed for $950. I could have played both for an additional + more but I put trail stops and stop limits, etc to just protect gains. Don't look back at unrealized gains

Trade active

just doing short plays and be careful about the pullback. 1/19/24 550C 8.50 to 19.50 (Exited). I still have 1/19 570C @ 4.00 for tomorrow. I forgot to put my AMD charts but we reached 160 now, took exits on my LEAP as well since I'll buy back in later if anything (and have shares). 1/2025 160C 75% profits.

Trade still active for me.

Trade closed manually

Closing out the 570C expiring this week and keeping my 590C for 2/16/24 depending how high we reach today. We could be setting a good ATH before retracing a bit here as we reach overbought levels/Surpass them.

Shame I didn't have time to chart TSM or AMD or MRVL or SOXL lol.. but good not getting too greedy

Trade active

short, riding uptrend, etc. TSM Earnings boost + Analysts upgraded outlook/ratings/price targets for NVDA as well as some others in the industry.

Trade closed manually

590 reached. Sold contract and letting it ride down now

Trade active

Trading active, could push towards 630+ and if it holds, could see final push before the weekend. I put stop/support levels in a new picture but not sure how to upload it

Note

Trade closed: target reached

Trade active

Might enter TSM, AMD, MRVL, SE - will try posting some here but feel free to contact me anytime (in my profile or here!). Cheers.

I saw tons of people saying that NVDA would now retrace so I had to take a look and yep. Followed exactly the prediction I made. I even stopped at like 641.~ thinking that'd be our top but I think we MAY push again today.

Again, go into trades with an exit plan. And any other tech/semi-conductors you guys interested in? I'd love to do some analysis and get feedback if these even help. Cheers,
Jay

Jackson-and-Loki

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