st0rm wrote:

…question on the NVDA short at 2:54EST. The ticker was weak on the day… 
The first break of a trendline in a defined trend (like NVDA at that time) tends to revisit the price where it broke the trend line and can often retrace the entire move and make a new low. So the price level where it initially broke the trendline upside was $145. if you shorted around 2:54pm, you had a minimum $1 of likely (not guaranteed) profit potential for around .50c of risk.  

1 min read
Mark As Read
Share post
Like post