NVDA might just have the most interesting historical price chart that I've ever traded, let alone seen. This is not surprising, as the actual price movement of this stock is completely unique - it simply defies typical protocols from a technical perspective.
This piggish play differs from the others because it is purely technical. The perfect-shaped parabola formed between a prior fractal of smaller magnitude and the current trend is incredible because of how proportionately inch-perfect the dimensions are. This is a rare setup; a lunar eclipse that occurs once every however long the time difference is between the end of the fractal and now.
I have fundamental reasons to long here, but they are insignificant compared to the technical reasons to enter a long position.
The chart is beautifully simple, so I will not complicate the trade criteria:
- Buy NVDA CALLS expiring on 7/17; Strike Range (710 - 720)
I see very little premium discount advantage at any particular strike within this range, so take your pick depending on preferences of capital allotment.
While it is clear that this stock is heading into orbit, it is less clear that the orbit it is heading towards is it's own.
My fault, so many stocks now trade at absurd valuations that I suggested a strike range 300 points higher than what I meant. Thanks Kat.
STRIKE RANGE ACTUAL: [ 410 - 420 ]
ノート
410 - 420
トレード稼働中
Just wait until this get's some news. Analysts are finally recognizing how undervalued NVDA is, so wouldn't think of touching the sell button until 460.
トレード稼働中
careful here, might be best to either a few days to enter. Alternatively, if this goes down ~5% in a day, then you can buy severely discounted calls below 400 for next Friday (24th).
all i ask is that you do not blindly long this tomorrow because there will be more NSDQ-wide shakiness throughout the week.
ノート
^that's not english - either wait a few days and don't touch it at all or buy calls for the 24th if it trades 5% or more under tomorrow's open at any point this week.
トレード稼働中
I'm still holding until ER. At least.
トレード終了: 利益確定目標に到達
Beautiful stuff. I'm out of everything, including my favorite stock.