The Nvidia trade that I entered into yesterday worked quite well. Too bad because of the very negative sentiment of the market place today, this stock had to be taken down along with the rest of the other equities as seen with the long upper shadow. I hope the sell off will not get too carried away for Nvidia and maintain itself above the bottom yellow trendline around the $8.40 level. But if the breakout occurs with strong volume, I would have to cover and re enter when it stabilizes. Based on the MACD and stochastic RSI I kind of doubt that this stock would go any lower.
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