Nvidia Breakout Confirmation Trade Call

3 months ago

Katie Stockton

"if you see price clear level like Nvidia just this week cleared final resistance just a minor level. It was right around 196, but still a bullish development. If it can hold up here for a few days, that does confirm a breakout. And as much as it's difficult to add exposure into strong up moves, it is often the right thing to do when you have these breakouts as catalysts because what the breakouts do, they remove the resistance from the chart, meaning that the sellers that were there, they're not there anymore for whatever reason and it tends to be a positive development."

Katie Stockton highlights Nvidia's recent technical breakout as the stock cleared a resistance level around $196. She emphasizes that if the breakout holds for a few days, it confirms bullish momentum and serves as an actionable signal for adding exposure.

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