NVIDIA on the bottom of the channel

6 thg 1, 2021

NVIDIA has been trading on a channel for the past couple of months. Today it dropped 5% to the bottom of the channel. Although Stochastic and MACD (not on the chart) are not giving any clear signals, the OBV has been moving up throughout this time, which means interest is high and traders are buying at these levels. I already have a nice amount of shares but I am planning to buy at the support and sell at the top of the channel (for about 10% profit) if it gets there in the short/mid term. My stop loss will be placed just below the lower line of the channel.


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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***

7 thg 1, 2021

Ghi chú

Nice bounce from the support this morning. Up about 5%:

11 thg 1, 2021

Giao dịch được đóng thủ công

Closed at the top of the lower channel for 10% profit! I could have placed a stop loss but I reached my target so I exited:

11 thg 1, 2021

Ghi chú

Resistance pushed the price back down. I am looking to enter again if it moves to the support: