Top 5 Weekly Trade Ideas #4 - NVDA Breakout

٥ يناير

Big time fakeout for NVDA recently after a failed head and shoulders and move below $131.50. Pretty dirty for bears, this type of action usually leads to a hard reversal in the other direction which is what we've seen so far after it finally decided to move.

Upside targets are the trendline above and ATH. Not really interested in taking a short on it if it falls, but it will be important to watch for clues about what the broader market might do either way.

٧ يناير

ملاحظة

What a rejection, almost to the tick. Doesn't get much better than that.