Possible retrace to neck line

NVDA is hitting resistance around the 230 mark. This is a confluent support/resistance line. I would like to see a retrace to the neckline before heading to the break out target. Price is overbought on the RSI and the MACD is beginning to roll over.

Not financial advice.

Yorum:

I shorted NVDA in the mid 220s and closed my position at 210. Earnings and CPI and next week. If NVDA goes up I will be looking to short in the 230s or looking to go long at the neck line.

Not financial advice

Yorum:

Price has hit the target from the r-H&S. I bought a put today in the 270's. The daily candle is a big rejection so we will see what the follow through is. RSI and MACD show divergence.