NVDA (NVIDIA Corp) has broken below both the rising wedge pattern & the 60.63 support level while trading a hair above as it back-tests that level. As such, NVDA offers an objective short entry here & will be added as an Active Trade with a suggested stop on any move above 63.90.

NVDA daily Sept 13th

NVDA daily Sept 13th

 

NVDA was posted as a Short Trade Setup in this post on August 24th with the exact entry level TBD. I thought that I had posted an update to the trade on the front page as I had even posted a couple of updates within the trading room but just realized that was not the case when member j1persi inquired about the suggested stop today (thanks!). NVDA looks to offer an objective entry anywhere from current levels (60.80) down to slightly below Friday's lows, although a lower stop should be considered if shorting below current levels. The Suggested Beta-Adjustment for this trade is 0.9.