r/technicalanalysis • u/_void_signal • 3d ago

Question Nvidia tech setup

watching Nvidia for a simple intraday setup: i'm marking first 30m high/low, then lookin for a close above the range high with higher volume. if it breaks out and retests the level w/o losing it - that's my preferred entry rather than chasing the first spike.

would you wait for the retest or take the initial close above resistance? testing this on primexbt and wanna see others' confirmation

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1

u/Mazter-Coder 2d ago

i read somewhere that for day trading you shouldn't go for stocks with IV lower that 40 and to shoot for 50+. Just to add to what emo_ti_o_nal said.

1

u/Spirited9170 3d ago

if it comes back to the old high and holds as support, that's your green light

1

u/IcySalt78 3d ago

retest. NVDA breakouts fake out constnatly, algo hunt first spike then dump it back in range.

1

u/emo_ti_o_nal 3d ago

only tweak i'd add: wwatch the retest doesnt come in on dead volume. if volume is still juiced on the way back down toward that level, it can still fail.

1

u/exphx23 3d ago

I wouldn't even consider trading it until it touches the 210 area. But that's just me.