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NVDA. double bottom pattern.

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NASDAQ:NVDA   NVIDIA
LOOKING AT BUYING LONG CALL WEEKLY OPTION @ $240 STRIKE. PRICE TARGET 250 EXIT. SINCE THE 21 MOVING AVERAGE (M.A GREEN LINE) IS THE RESISTANCE AND PROBABLY SELL THE PULL BACK TO THE 10 (M.A AQUA LINE), OR 50 (M.A. YELLOW LINE) AS SUPPORT. CRAZY MARKET.

Double bottom Pattern, I will be considering increasing my position soon as I see a candle closing above $268.00..

Avoid selling options on the week the stock is having dividends, and if you do close your order 2 days prior dividends, or you will get assigned unless that was your intentions in the first place than no need to close.

 

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