My goodness what a move today.
Did not expect this big of a move intraday, especially in light of CPI data coming out tomorrow.
Tomorrow is where things get tricky.
Intraday, NVDA broke out of some huge patterns and even closed above the green ascending channel on the 15,30, 45m charts (good for playing intraday scalps).
However, key resistance yet to be tested in that 270 level.
If CPI data and broad market participates, NVDA can really burst through that 270 level and retest 272 --> 275 --> 280.
I can foresee market gapping NVDA up past 270 so that it makes it hard to play.
If this is the case, may look into buying calls upon retest of 270 level ( should it gap up ).
Breaking this level would also break up the HUGE BLUE LINE RESISTANCE overhead that has been plaguing this ticker for the past couple months (Since November ATH's).
Going into earnings (02/16/22), especially if market cooperates as said before, we may see a run into key levels previously broken.
My favorite ticker to play. Let's go bulls!
Did not expect this big of a move intraday, especially in light of CPI data coming out tomorrow.
Tomorrow is where things get tricky.
Intraday, NVDA broke out of some huge patterns and even closed above the green ascending channel on the 15,30, 45m charts (good for playing intraday scalps).
However, key resistance yet to be tested in that 270 level.
If CPI data and broad market participates, NVDA can really burst through that 270 level and retest 272 --> 275 --> 280.
I can foresee market gapping NVDA up past 270 so that it makes it hard to play.
If this is the case, may look into buying calls upon retest of 270 level ( should it gap up ).
Breaking this level would also break up the HUGE BLUE LINE RESISTANCE overhead that has been plaguing this ticker for the past couple months (Since November ATH's).
Going into earnings (02/16/22), especially if market cooperates as said before, we may see a run into key levels previously broken.
My favorite ticker to play. Let's go bulls!