NVIDIA NVDA Completing Second Surge on New Breakout
Mon, May 15, 2:21 PM ET, by Corey Rosenbloom
Through 2016, NVIDIA (NVDA) continuously appeared on our “Strong Stocks Getting Stronger” Member Scan.
However, the earlier part of 2017 sent shares on a lengthy pullback lower.
We’re now seeing a new breakout to new highs as NVIDIA (NVDA) resumes its strong trend.
Price perked up in late 2015 as a Realization Phase began and strengthened through 2016.
October 2016 sent shares flying higher on high volume through the rest of the year.
Now we’re seeing yet another breakout and super strong surge higher as we trade through May 2017.
Compare the current swing with that of late October 2016 and follow a similar trading pathway into the future.
NVIDIA (NVDA) is a great example of strongly trending stocks strengthening – not reversing – which sets the stage for classic breakout and retracement trading strategies.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”
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