Nvidia (NVDA) - Edition #1

• Price has been in a clear uptrend breaking all gravitational laws. 
• This stock more than likely will continue this uptrend in a macro scope. 
• … Now what?
• We advise you to take caution before jumping in right now. 
• June’s monthly candle closed with a huge wick up indicating selling pressure.

• Price might still move higher but this wick shows exhaustion from buyers and might be indicating a top and possible retrace in the next few months. 
• Areas of interest for long term positioning will be $109 ish area and if this level does not hold $93 ish is a must buy long. 

• Price is having a positive reaction so far. 
• Long entry in the $125 - $122 ideal
• We’ll be targeting previous highs 
• Invalidation upon break below $120

• In case price breaks below $120 we should expect lower prices 
• A retrace to $110 will be ideal