NVDA is below the split lows and the daily 50 SMA.

24 Jul

NVDA confirmed the daily 50 SMA down today, following the SMH last week. NVDA also lost the split lows in similar fashion to AVGO last week. The weakness in semiconductors contributed to the sell-off in technology names today, which provided an excellent opportunity for shorts. Watch for any gap ups in technology names to get sold off and confirm the previous day's lows, which will confirm the short for further trades to the downside, as we enter a seasonally weak time for technology.

26 Jul

Trading ditutup: target tercapai

NVDA traded down to the next several daily demand zones pictured above, and the trade was closed for 10 dollars/share on runners. I continue to watch NVDA and other QQQ names to get rejected into daily and hourly supply and remain sell-biased until these names start reclaiming supply.