A flagship stock like Nvidia (NVDA) takes a month-long breather and many investors want to throw in the towel on the uptrend and say enough is enough.
The last time we spoke about NVDA was on Feb 21st just before the earnings report, while I was on a ski vacation.
Turning down to the 195-minute chart (that is a half-day chart), we can fine tune our entry on this idea.
I added a one-half position size to our short-term Active Opportunities portfolio with stops just below the $832 low.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
NVDA, it's, Elliott, Todd Gordon, Gordon
Organizations:
Nvidia, PPI, Inside Edge, Inside Edge Capital Management