NVDA Finally Breaks 4-Month Consolidation

I last posted on NVDA on March the 20th when price had pulled back to retest the $100 support zone for the 4th time. This support zone since then has held strong and following a 5th retest has now given the foundation for price to break out following a positive earnings release.

Looking at the daily timeframe above, we can see the breakout in more detail.

I first entered in on this when price broke above $40. This moved all the way through to $120 before moving into a 4-month consolidation. All my positions have remained in tact.

As of Wednesday, this broke out and has gone on to create hew highs, closing at $126.50 on Thursday . I am now looking to add further positions to the multiple trades in play the first of which I have held for 12 months now.

I am now looking for price to confirm a continuation of the bull trend and will be looking to add further positions as and when price dictates entries on either breakouts and pullbacks.

I would like to see price move towards $1500 and then $200. If at any point price reverses deeper than I would like, I have a trailing stoploss in play with significant profit locked in.

This has been a very profitable and a very simple trade to take full advantage of.

Any questions or comments, please leave them below.

Call To Action

Facebook Live And Periscope

Please follow me on the following channels where I will be conducting live streaming on various aspects of trading. The following links will take you to the web browser versions of the websites. You will need to download the Facebook and Periscope apps to watch me on your phone/ipad.

Please turn on notifications for me to be alerted when I go online.

Facebook: CityTraderLifestyle

Periscope: Zaheer Anwari

Training Course

The Dynamic Trader Apprentice Live

Location: Tuesday 16th of May At The Eight Club, Bank. Spaces Limited.

To register please click on the following link: http://www.zaheer.live/seminar

This includes:

  • Training on technical analysis from a trend trading perspective
  • A pullback and a breakout strategy
  • Access to a live community of full time traders and like-minded individuals
  • Access to some of our cutting-edge tools
  • Live weekly Sunday webinars where we prepare for the week ahead
  • Scanned watchlists and training in FX and Stocks saving you £1000s.
  • A grounding in compounding / risk management / exit management / entry points / stoploss calculation and management / portfolio management
  • A trading plan
  • Access to some of our cutting-edge tools
  • An advanced trade log to track your trades
  • A significant discount on eSignal subscription

This is value, training and support you will not find anywhere else and which can be followed with the option of bespoke 1–2–1 training.

To register please click on the following link: http://www.zaheer.live/seminar

Online Training

For the same training online, please register using the following link: http://apprentice.live/zaheer

If you have enjoyed what you have read, I’d be very grateful if you hit the heart button below.

Smart trading!

Zaheer Anwari

For questions on training and the eBook, please connect with me on:

Twitter: Zaheer Anwari

Facebook: CityTraderLifestyle

LinkedIn: Zaheer Anwari

Email: zaheer @ zaheeranwari . com

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.