Hey Traders,
Breaking this one down to the fundamentals and it's actually pretty simple.
Starting off with the news here. NVDA is investing $500B with a "B" into US manufacturing alongside Apple Inc. as a 4 year plan to increase production in the US. Big news.
Jensen Huang is notably one of my favorite CEO's with a level head and after the big sell off, I was hoping to get in around $95-97 on calls going long, but it didn't happen.
Instead, we saw the floor coming in at 105 and the next stop was the "sticky note zone" around 114-116. After the break above, we had a recent pullback at 123.50 and this pullback was my chance to enter.
We are headed into the last remaining days of March and as the title says, "March Madness" is upon us. SPY seems to have found support after a 10% correction at 550 and the overall market sentiment seems to be bullish.
The target is simple, 130. If we can break above and hold 120, I am very confident we will see 130 by the end of next week, 3/28.
Thanks for reading 🙏
Breaking this one down to the fundamentals and it's actually pretty simple.
Starting off with the news here. NVDA is investing $500B with a "B" into US manufacturing alongside Apple Inc. as a 4 year plan to increase production in the US. Big news.
Jensen Huang is notably one of my favorite CEO's with a level head and after the big sell off, I was hoping to get in around $95-97 on calls going long, but it didn't happen.
Instead, we saw the floor coming in at 105 and the next stop was the "sticky note zone" around 114-116. After the break above, we had a recent pullback at 123.50 and this pullback was my chance to enter.
We are headed into the last remaining days of March and as the title says, "March Madness" is upon us. SPY seems to have found support after a 10% correction at 550 and the overall market sentiment seems to be bullish.
The target is simple, 130. If we can break above and hold 120, I am very confident we will see 130 by the end of next week, 3/28.
Thanks for reading 🙏
Trade active
A little early on entry. 111 is entry objective #1.
105 is entry objective #2.
95-97 is entry objective #3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.