NVDA: Week of December 11

10 dic 2023

Levels in the chart.

Probability based on Standard Deviation is bearish with a 56% success rate.
Momentum couldn't find similar setups but we can check ATREE:



Bullish, surprise, surprise haha.


Accumulation rests to the upside here and if we continue this early santa rally charade then I suspect it's going to continue to be a long.

As always, watch the conditions and let the PA speak for itself.

Safe trades everyone!

11 dic 2023

Nota

Same setup as last week, moved right to weekly PL1 off open, so we can expect a threshold re-test at some point.

It's curious because Q and NQ are particularly bullish yet a lot of leading tech is not.... weird

12 dic 2023

Trade chiuso: obiettivo raggiunto

Got the threshold re-tested and seems as of now a rejection.

12 dic 2023

Nota

If we go to the top of the bullish condition, I may swing short.

Based on how tech is positioned right now, it could be a leader in a sell post FOMC. With NVDA at the weekly threshold levels, AAPL approaching its weekly threshold levels and QQQ at pH2 on the week.
All of these things make for a persuasive short setup. Especially since CPI revealed an uptick in inflation....

13 dic 2023

Nota

Hello my little NVDA friends:



I am long on it, we opened in the bestestest of places haha, over the bullish threshold on the week and over the daily one. Daily targets are in the chart above, but looking to see if we can rally up to PH1 on the week (unlikely but maybe) with the FOMC catalyst before, I think, NVDA finally gives p the range and corrects, but let's see what we get first today!

13 dic 2023

Nota

Made it to second high target on day, third is at 487 ish...

14 dic 2023

Nota

Lookin' like its going to continue up tomorrow:



NVDA 4 hour chart, descending wicks. Bullish sign for am ove above the previous high.

And levels and threshold for tomorrow:

14 dic 2023

Nota

Took some long and short trades on this today.
Probably will end up in the weekly threshold.

14 dic 2023

Trade chiuso: obiettivo raggiunto

Back in the threshold as expected :-).

Closed-out shorts.

15 dic 2023

Nota

Targets and conditionals for tomorrow:



GLTA!