NVDA Breaking Out from Consolidatiom LONG
Updated
NVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI
indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over
the higher TF RSI a clear and convincing sign of rapidly increasing relative strength.
Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June
and up crossing over the one and two standard deviation lines.
The zero-lag MACD shows a line cross under the histogram occurred in the after-hours trading
on Tuesday evening. Price has crossed over the POC line of the visible range volume profile yet
another sign of bullish buying pressure and momentum. Overall, my analysis is that NVDA is set
up for a long swing trade which I will take today.
indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over
the higher TF RSI a clear and convincing sign of rapidly increasing relative strength.
Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June
and up crossing over the one and two standard deviation lines.
The zero-lag MACD shows a line cross under the histogram occurred in the after-hours trading
on Tuesday evening. Price has crossed over the POC line of the visible range volume profile yet
another sign of bullish buying pressure and momentum. Overall, my analysis is that NVDA is set
up for a long swing trade which I will take today.
Trade active
The price moved 5% so stop loss raised to above break-even. Trade is now risk and stress-free. If there is a pullback on a typical profit-taking Friday I will add to the position.Trade active
NVDA rising again after pullback on profit-taking Friday. Position reinforced.Trade active
Another day a higher price- call options up 168% overall. Holding both positions open.Trade active
After a pullback from a double top, NVDA is on the rise again in bullish continuation. I like it and so does my bank.Disclaimer
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