Shared by
boldandnuts
Support Break fail in NVDA
My levels for support were 148.50 with significance 145.50 143 below it. For Resistance I had 150 and 154ish marked.
Out of the Open NVDA made a run and I hesitated taking a trade above 151.50 to watch it sell off.
When NVDA looked like it would break 148.50 I tried to go with the flow for further continuation despite the fact that the Market was trading higher in general.
As I did not like what I saw on the tape, I took the trade off break-even. Good Call.
My order for a VWAP test at 150 did not get filled. NVDA made just a short spike below that level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-26 09:39:00 | NVDA | sell | $148.542 | short |
| 2018-11-26 09:40:00 | NVDA | buy | $148.578 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!