NVDA Finding Resistance

NVDA had earnings released on Thursday last week which we saw the impact of on Friday. Unlike the previous release where price gapped above $80, last week’s release saw price find resistance at $120 and a move against trend.

Looking at the daily time frame above, yesterday saw price close at $108.78 but as an indecision candle.

I would now like to see price find support at the marked in levels and see a reversal back in the direction of the bull trend. I want price to remain above $100 and use this as a platform to breakout above $120 and trend towards $150.

Multiple long positions still in play since last year when price broke and closed above $40.

It is a waiting game for now. I will keep it simple and let price dictate what course of action to take next.

For training and to join the DT community, see below for details.

Any questions or comments, please leave them below.


Call To Action

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Training Course

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Location: 17th of February At The Eight Club. Spaces Limited.

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This includes:

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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.

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Online Training

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Smart trading!

Zaheer Anwari

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