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