NVIDIA Corporation
Penjualan

NVDA breaks below support line

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NVDA today broke below its support line after breaking its long term upward trend on April 4th.

  • Broke upward trend and held breakdown earlier this week.
  • Broke below support today on strong volume indicating confirmation of movement.
  • Started to recover on weak volume indicating disagreement on movement.


I am expecting NVDA to come back up to support, test it and fail continuing its decline.

Action item: closed my long position and opening an option put.

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