How to Trade NVDA’s 9 Month Consolidation Breakout 👇
How to Trade $NVIDIA(NVDA)$’s 9 Month Consolidation Breakout 👇
Nvidia has been consolidating under 202 the last 9 months and looks like it’s finally ready to breakout. IF $NVDA breaks 202 can see a push to 225 very quickly.
The Trade Plan 📈
$NVIDIA(NVDA)$ 5/15 210C
$NVIDIA(NVDA)$ above 202 with $S&P 500(.SPX)$ 7055 break
Take Profits at: 1/2 at 213, 1/4 217, All Out 225
The last time NVDA consolidated for this long was May’23-Jan24. NVDA then broke out of the 50 key rejection level in Jan’24 and ran for 6 months netting a 200% return JUST ON SHARES!
$SMH is also leading the market higher breaking ATH’s last week. If this trend continues NVDA will be the next up to continue the rally.
Price Target by the end of 2026 is 300!
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