Oh the humanity...
Breaks R1=major daily-weekly resistance level/inflection point=$548 on significant volume (RVOL>1.0) and rallies fast and furious to R2=$558 for +$10/share in mins.
Rejects R2 and sells-off all the way to R1=$548. Well I am a buyer there.
Got long filler in-front of R1=$548, risking low of 5min big marubozu break-out candle $545.3, added Tier 0 after it dipped below R1 but reclaimed the level, tightening stop to higher low $546, expecting to retest HOD at a minimum.
Stopped out per plan.
NVDA = A-level chop-fest for months now. Doesn't break-down nor break-out. Avoid.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-03 10:14:24 | NVDA | buy | $548.160 | long |
2021-02-03 10:34:54 | NVDA | buy | $548.510 | long |
2021-02-03 11:13:06 | NVDA | sell | $545.890 | 0 |
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