This Is Why You Should Watch Important Retracement Levels

Dell Computer (DELL) is
testing very important support zone on the daily chart.
The stock
already formed a lower high and lower low. It does not look so bullish at this
moment. Let’s see if this level holds.

10:42:12 (From TradersWire)


Action

Symbol

Order Type

Setup

Stop

Initial Target

Current Price

Posted By

Buy

NVDA

buy stop at 21.63


Long Gap Pullback

21.42

21.84

21.62

TK

NVIDIA Corp (NVDA) tested the
lower boundary of a gap zone, and it formed a bullish long tail on its 15-minute
chart. It appeared the stock was ready for a rally. We bought NVDA at 21.63, but
it did not give us the momentum we were looking for. As soon as hitting 21.71,
the issue began to sell off. We got rid of the shares at the breakeven point.
Notice, NVDA failed to take out the 61.8% retracement level.

10:54:02

Follow up on NVDA

Selling the shares (breakeven)

T.Kamada

If you have questions, feel free to mail them to me.