NVDA Trade on May 21, 2021 10:36 from JRockTrades: Tradervue User Stock Trades.

NVDA has been quite strong in over the last year, though it has been trading somewhat choppy in a range between 460 and 650 this year, like much of tech. They announced a 4 for 1 stock split. It immediately gapped up $15 in the pre-market, but was having trouble showing signs of strength after the open. Similar tech names like TSLA and AAPL made monster moves on split announcements, but that was during a different market and NVDA did not seem to be following that pattern.

NVDA had been in a downtrend on the 1-minute for over 30 minutes. It broke this line to the upside and immediately stuffed and I could see the tape start to move faster. Just paid the offer and took a short against the 600 level risking the previous minutes wick high. I wanted to play a move to the open market low and keep a portion on for an extended move past that.

My first profit target was 596.80 area and my goal was to take off 60% there. I will admit I got a little scared when it came to 597 and almost hit my target and moved up, so I started scaling out slightly before my first target. I just didn't want to be 95% right, but then miss the chance to take some profits.

Eventually, price did break the open market lows and I was able to scale completely out by 595 where momentum to the downside shifted and bids started to hold.