(NVDD) Pivots Trading Plans and Risk Controls

November 08, 2024, 14:58 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NVDD

• Buy NVDD near 4.02 target 6.49 stop loss @ 4.01 Details

The technical summary data tells us to buy NVDD near 4.02 with an upside target of 6.49. This data also tells us to set a stop loss @ 4.01 to protect against excessive loss in case the stock begins to move against the trade. 4.02 is the first level of support below 6.0198 , and by rule, any test of support is a buy signal. In this case, support 4.02 is being tested, a buy signal would exist.

• Short NVDD slightly under 6.49, target 4.02, stop loss @ 6.51 Details

The technical summary data is suggesting a short of NVDD as it gets near 6.49 with a downside target of 4.02. We should have a stop loss in place at 6.51though. 6.49 is the first level of resistance above 6.0198, and by rule, any test of resistance is a short signal. In this case, if resistance 6.49 is being tested, a short signal would exist.

Swing Trading Plans for NVDD

• Buy NVDD slightly over 6.06, target 6.49, Stop Loss @ 6.04 Details

If 6.06 begins to break higher, the technical summary data tells us to buy NVDD just slightly over 6.06, with an upside target of 6.49. The data also tells us to set a stop loss @ 6.04 in case the stock turns against the trade. 6.06 is the first level of resistance above 6.0198, and by rule, any break above resistance is a buy signal. In this case, 6.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVDD slightly near 6.06, target 4.02, Stop Loss @ 6.08. Details

The technical summary data is suggesting a short of NVDD if it tests 6.06 with a downside target of 4.02. We should have a stop loss in place at 6.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NVDD

• Buy NVDD slightly over 6.06, target 6.49, Stop Loss @ 6.05 Details

If 6.06 begins to break higher, the technical summary data tells us to buy NVDD just slightly over 6.06, with an upside target of 6.49. The data also tells us to set a stop loss @ 6.05 in case the stock turns against the trade. 6.06 is the first level of resistance above 6.0198, and by rule, any break above resistance is a buy signal. In this case, 6.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVDD slightly near 6.06, target 4.02, Stop Loss @ 6.07. Details

The technical summary data is suggesting a short of NVDD if it tests 6.06 with a downside target of 4.02. We should have a stop loss in place at 6.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Nvda Bear 1x Shares (NVDD) available here: NVDD.

NVDD Ratings for November 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	1.51
P2	5.99	6.06	4.02
P3	0	6.43	6.49

AI Generated Signals for NVDD

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This Direxion Daily Nvda Bear 1x Shares (NASDAQ: NVDD) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NVDD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NVDD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NVDD too.  All of these are offered below the Summary Table.