YOUR ACTION PLAN We have a recent earnings winner in Nvidia (Nasdaq: NVDA). It's consolidating near the highs of its range, and I expect that it will go higher. But I'm looking for NVDA to dip at some point this week... and I'd love the chance to buy that dip. I'll go with next week's $235 calls if NVDA can dip down to around $230-$232, and I'll look for the price to break over the post-earnings high and head perhaps toward the $250 level. The second trade that I'm looking at is in Tesla (Nasdaq: TSLA), another recent earnings winner. I like the 130-minute chart in TSLA. I'd like to buy an intraday fall, ideally on a break under $200, and I'll look for TSLA to take out $220 and head higher. I'll stop on a close under $190. If I can be patient and wait for the dip into the mid-$190s, that will improve my risk/reward. Note that we have only one red dot so far for our squeeze, so this trade is just starting to develop. I can be patient and wait for my spot. P.S. The global markets are undergoing massive shifts, specifically in the tech sector. Right now, China is looking to tighten its grip on the microchip industry, which could lead to some catastrophic results for Americans... including losing access to 92% of the supply of our most advanced technology. However, there's one U.S. company looking to restore our microchip independence. Wall Street is already pouring money into this company, and there's a chance its stock could surge by as much as 525% as a result. Click here to discover the U.S. company poised to destroy China's sinister plot. |
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