Active trade idea; cover short/reverse to long for quick bounce: NVDA likely to bounce off this 663 support with a 2nd objective long entry on a break above this 5m bullish falling wedge then back short before the earnings report after the close today.
NVDA 5m Feb 21st
p.s.- I also reversed my /NQ short as they will likely move in tandem, if this ‘micro’ call pans out. Active traders only. Swing & trend targets for NVDA short remain as recently posted. Win or lose, back short both before the NVDA report with room to add, if my next sell signals trigger on SPY, META, & AMZN (QQQ already took out last Tuesday’s low). Also note, depending on the time of day, I may reverse back to short if/when NVDA hits that first target around 676 (a 2% bounce/profit or 4% round trip, if it hits & reverses there). As of now, eyeing a bounce just shy of that 695 target (+5%).