NVDA gapped down over night to around 193.50ish and had good volume over night.
As for levels, I had 191.50 below for support as well as 184.50 and 180.50 below that.
For Resistance I had marked the 199/204 Gap. In particular that 200 and prior day close 199.41.
$NVDA opened strong out of the open running into the (closed) Gap. When NVDA hesitated 198.50 I opened a position to add above 200, but was too cautious when it tested 201 and did not add here. The Market looked strong and I did not want to involve too much risk in case it would move much much higher.
201 held and NVDA sold off from that. Even harder than I thought. I took my first partial at VWAP and next when NVDA got close to 195.
$NVDA retraced and made an attempt to break out, but was rejected again a little faster than it gave me a signal to add to my short again. A spike above 198 and reject that is.
Stuck with the last 4 shares and sold into 194s premarket lows.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-25 09:31:00 | NVDA | sell | $198.320 | short |
2018-10-25 09:34:00 | NVDA | buy | $195.630 | short |
2018-10-25 09:34:00 | NVDA | buy | $196.900 | short |
2018-10-25 09:42:00 | NVDA | buy | $194.416 | 0 |
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