Wash, Rinse, Repeat: NVDA (NVIDIA Corp), once again, offers an objective short entry on this backtest of the primary downtrend line off the ATH with stops commensurate with one’s preferred price target(s). For those playing the long-game (targeting my long-term swing/trend price targets first posted back in June shortly after NVDA peaked), one could use a relatively tight stop around 133.55 which is slightly above both the downtrend line as well as the key reaction highs from August. 60-minute chart below.
NVDA 60m Oct 4th