IvanLabrie

NVDA: Short in 3 days on close

Corto
IvanLabrie Actualizado   
NASDAQ:NVDA   NVIDIA
I'm looking to short $NVDA here, but need further confirmation of the top. If we get a smaller range day today, and we see a new daily low after that, or if we get a new daily low right away tomorrow, I'll short a half position then, risking $10.86 per share. I'll start building a position after tomorrow's close if the range is smaller than today's, and spread the selling over 1-2 weeks. Alternatively, if we see that within 3 bars, price doesn't hit 107.97, we'll get a low risk short signal, which would be a good confirmation of our fundamental thesis.
You can check out the post by @UnknownUnicorn230788 on the subject, he spotted this trade during one of our conversations at the Key Hidden Levels chatroom.

Good luck,

Ivan Labrie.
Comentarios:
One more day to confirm the failure of the short term momentum here. If we don't hit 107.97 by Monday's close, we can add to shorts and reduce stops.
Comentarios:
I'm out since we hit the bullish target quickly.
Operación activa:
Shorted at $110.90
Operación cerrada manualmente:
Banked the short (for now)

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