Nvidia Short

٥ ديسمبر ٢٠١٦

Reason: Parabolic on the daily time-frame. Time to go back to last earnings level (see daily chart).

I'm already short as of 23 november, but I am adding more at top of this pull-back as shown.
My earlier S/L was a new high, but moved that to break-even. New S/L will be at top of recent decline $93.92.

Daily chart:

٦ ديسمبر ٢٠١٦

ملاحظة

Nvidia, you bad boy:

٨ ديسمبر ٢٠١٦

ملاحظة

٥ يناير ٢٠١٧

تم إغلاق الصفقة يدويًا

Obviously Nvdia broke the top from late November and went much higher after that. I'm not shorting this for a while.

I booked 0.02% profit from the short as of 23 November and another 0.02% profit from the later short entry. Didn't let this run into my S/L because price action was too bullish at the time.