$NVIDIA Corp(NVDA)$ Okay, let'

2023-12-18

$NVIDIA Corp(NVDA)$ Okay, let's analyze this quickly.

Because the current Bull Momentum of Nvidia is in harmony, we need to wait for the price to react (badly) to the green line on the chart before considering a SELL.

On the flip side, since the price is currently respecting the resistance line of the previous horizontal channel, we will have to wait before considering a BUY. (Actually, if you're holding a BUY order from before and set a stop loss accurately - a stop loss level below the green line, you still have a decent profit.)

WHAT A WISE TRADER DOES?

Kinda boring to remind you of this for the third time in the day, but … stay put may be the best decision.

If you're holding a Buy position: Move the stop loss to a safe point to preserve profits.

If you're holding a Sell position: Uhm... set the stop loss carefully.

If you haven't done anything yet? Well, just continue not doing anything!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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