OptionsRising

$NVDA - RSI and stochastic bullish -short term trade idea

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NASDAQ:NVDA   NVIDIA
Price has not yet broken downtrend line with a candle close over it. RSI and stochastic are strong on 5m chart, with moving average crossovers. Price just started moving, so day trade entry may have been missed, or look for a new one. My day trade design was from 153ish up to the 200sma, which often holds as first resistance.

On the 30m chart, stochastic is already bullish and RSI should move over 50 and hold. There may be a dip below 50 on a pullback retest, but that should reverse up if there is strength for another leg higher in price.

On the daily chart you can see price pulled back after earnings, but it close at the 10ema on Friday and this morning's lower open, thus far, has found support on Ichimoku cloud.

On the 30m chart, this close over the 20sma may see a reversal. RSI(14) has not yet closed over 50. The markets in general may be basing and this is a messy, choppy process. NVDA made a nice first move up on the 5m chart, and of course 30m still lacks the moving average crossovers, so proceed on calls with caution.

Look for 153 to hold - this keeps price over 5m 20sma.
交易手动结束:
weekly 160 calls bought Monday, sold today as price was rising.
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