Potential short term bounce in NVDA

٢٢ أبريل ٢٠٢٤

Will the anchored vWAP of $763.45 on the daily chart for NVDA (anchored from the low on 3rd January 2024) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($778.00) looks like a potential intraday key level at this stage...

٢٣ أبريل ٢٠٢٤

تم فتح الصفقة

Intraday trade exceeded the key intraday level of $778.00 at 9:25am for retail pre-market trade, triggering a potential buy signal. Confirmed on a five minute chart with the 9:40am bar and was fairly shaky during the morning trade - finally achieved a fifteen minute chart confirmation in the bullish direction with the 11:30am bar.

Suggested stop loss for the trade below Friday's low at a level such as $755.49 in order to provide "wiggle room" to observe market reaction at the anchored vWAP and recent swing low.