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NVDA: Stick with technicals and mind the candles

NVDA trade plan

The idea was for the price to bounce from MA20. It did on June 1st but I didn't notice the bearish candle the following day. I guess my judgement was clouded by Nvidia's JH's keynote speech in Taiwan. Too much speculation lead to a miscalculation on my part.

I should have sold on the black reversal candle with a long wick.

Trade Plan

May 18: Watch daily MA20 support

Entry: 219.29 (May 21) - Small margin with MA20 - Small margin with major TSL

Entry 2: 214.7x (May 26) - Expecting MA20 bounce

Entry 3: 215.8 (white candle in first 30 mins of trading + bullish engulfing candle) (May 29)

Entry 4: 216.68 (Go trade, 8.97 shares)

TP: Box top formation

Notes:

May 29: - 15 min candle broke MA100

June 1: - Nvidia JH keynote speech in Taiwan looks like to be a catalyst. (Why is this here???) - Day 0 of box top. - ~6% price increase with good volume.

June 2-4: - No notes

Exit

June 5 - Sold EOD on long black candle. - Also today was the one of the longest black candles of NASDAQ after a long time.

NVDA trade plan

Mind the candles EVERYDAY! Watch out for reversals!

  • in US, Wins
  • 1 min read

QCOM: A quick trade for a reasonable gain

QCOM trade plan

This was a quick one.

Sold on the third candle for a quick 15.25% gain.

MAs just entered AOTS stage so probably there's more room for growth.

Day-wise candle also broke a major resistance area and now trading ATH.

Today (May 29) pre-market price is at +3% which is at a level a tiny bit above the last major box.

RSI looks on track to breakout of RSI70 again.

I've been here warming my seat thinking about a re-entry. More later. Gambatte, self!

  • in US, Wins
  • 1 min read

ARM: Swinging from the bottom to a breakout

ARM trade plan

Trade Plan (May 12)

  • Entry price: 211.45
  • CL1: -5.2% (200.86 at MA20 support)
  • CL2: -10% (190.21 at box bottom)
  • TP on box top: 13.19% (239.4)
  • Check daily MA20 support
  • Check 4H MA50 support

Notes

May 21

  • At EOD: strong box breakout overtaking the initial TP. Also with good volume. Decided not sell for now.
  • Monitor price movement the following day.

May 22

  • Early trading hours shows strong demand, though it's end of week so watch out for price action more carefully.
  • Gap up opening.
  • Missed to check daily MA20 and 4H MA50 previously. But as of today both supports were followed.
  • Box breakout occurred after hitting support level
  • At EOD: Long white candle with almost no wick. Decided not to take profit for now. Monitor again tomorrow.
  • RSI looks good.

May 26

  • First trading of the week.
  • Holding. RSI looks healthy.

Thoughts on Exit

Actual exit price: 313.14 (May 27)

  • Noticed price action in smaller intervals was not holding well. (Black candle in morning hours).
  • Secured profit. Watch out for a re-entry.

APLD: Bought on weak signals

APLD cut loss

This one hurt and hit differently because it was the first trade I executed with my new broker.

There's nothing much to say here since there weren't clear buy signals to begin with.

Another loss to be charged to experience!

Always have a trade plan!

  • in US, Wins
  • 1 min read

INTC: Buy on gap

INTC buy on gap

This is probably my first successful buy on gap trade. I saw the stock surging on the first half of the trading day (first hour if I remember correctly) and just bought without hesitation. But this was mainly because I wasn't treating my US account very seriously. It was an account I opened during the pandemic and put something there to see how much it will grow over time.

The actual upside could have been higher if only I had an exit plan. If I sold on box confirmation or validation, profit could have been 36%.

Key takeaways

  • Do NOT hold fast rising stocks for long
  • Always monitor the delta between price and MA trend line.
  • Consider to sell on box confirmation