$NVDA Double Bottom ~ Cup & Handle Formations

2019年12月20日

NVDA seems to trade into these wonderful double bottoms that morph into cup and handles which in turn end up exploding to new highs.
This stock is a day traders dream as well as the longterm investors honey pot. It runs on a Beta of 2.05 to the S&P, so traders undoubtedly are all in on the IV, and you can see on this weekly chart that NVDA is dead smack in the midst of another cup and handle formation from a double bottom bounce. Yep!

The market is stretched, and I do mean.... s t r e t c h e d ! ! !

Remember, a pull back in the market is inevitable.

2020年3月21日

交易進行

The 2020 handle portion of this formation has now materialized. Entering LEAP calls.

2020年4月7日

交易進行

10% gain since long call, DESPITE CRASHING MARKETS
This is what you call being on the right side of the trade!

2020年5月11日

交易進行

I've taken some profits from this trade. The chart performed exactly as I thought would.

2020年5月18日

交易進行

$300 strike leap calls bought in December @ $16 now bidding @ $82, this was a monster trade!

2020年5月21日

交易結束：目標達成

51% gain the stock since my chart posted, calls bought in DEC @ $16 today bidding @ $90, Sold!

Earnings today. I don't do earnings.

2020年5月22日

交易進行

Back in. It's going to go higher!

2020年9月22日

手動結束交易

We are entering bubble BURSTING territory now. All profits taken and trade is closed. See you at the reset!