Nvidia (NVDA) Earning Report Trade
I only trade long breakouts. Though this trade makes no assumption of the outcome of Nvidia earnings call. It was targeting an upward movement in the stock before and after the earnings call.
As per the oldest trick in the book, the NVDA stock was expected to fall (before rise) on successful earnings results. The fall was specifically targeted to collect additional liquidity from the SL orders below the current market price.
Two bands were drawn on the chart to indicate the upper and lower band of the Volume Profile and the PoC line.
Most SL orders will be placed below the PoC line, near the lower band. In my case, an order to buy was placed near the lower band, at 140$. The ongoing market price when the order was placed was 147$.
The NVDA results were well above the expectations. As expected, the NVDA stock went for a deep dive below and touched the 140 range and filled my order, before rising sharply above 144$ and then stabilizing around the level for some time. I was able to capture a move of around 3%.
As per the oldest trick in the book, the NVDA stock was expected to fall (before rise) on successful earnings results. The fall was specifically targeted to collect additional liquidity from the SL orders below the current market price.
Two bands were drawn on the chart to indicate the upper and lower band of the Volume Profile and the PoC line.
Most SL orders will be placed below the PoC line, near the lower band. In my case, an order to buy was placed near the lower band, at 140$. The ongoing market price when the order was placed was 147$.
The NVDA results were well above the expectations. As expected, the NVDA stock went for a deep dive below and touched the 140 range and filled my order, before rising sharply above 144$ and then stabilizing around the level for some time. I was able to capture a move of around 3%.
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