NVDA technicals are constructive; speaker re-entered position expecting price action to improve for next week.
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You know, Nvidia is a case in point. You know, Nvidia is very easy to be knocked out of rhythm. You know, if uh if you were trading Nvidia like I was and you had it on because it uh had a post earnings gap that looked pretty good, right?
Remember this gap here? Well, I got knocked out at 221, but guess what? Just that that that uh trade kind of changed, right? Then you had a little red dog reversal where went below the low of that day, gave you a little bit of a move and then could have knocked you out of rhythm again.
And then yesterday, um, you know, basically, uh, took out the two-day range back above the moving averages. So, uh, it's looking, you know, kind of constructive. I don't know if all of a sudden it's going to be back in play or in vogue, but if you feel like you got knocked out of rhythm and you think at some point in the next few weeks it's going to get above 230 or 232, 236, you got to figure out how to get back in rhythm.
So, what I did yesterday, you know, on the pullback into the VWAP around 224ish, I bought some stock again just to have.
So, now we'll see. Does it want to act better? Does it want to hang out up here for a better move? It's hard to tell.
I'd like to see Nvidia hang around and continue to build a better pattern for next week.
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