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i am back baby i'm back in my office this is great i got my normal computer my normal setup this is wonderful so the stock that's been talked about a lot in the bid nasa nation is nvidia and for good reason we're starting to see that uptrend that we really like to see um it was brought to me by several people so big chip stock a graphic card stock i think they make the graphic cards for range rovers i mean i know that because i drive one but i know they're in a lot of other cars i think they're in bmw i'm sure they're big in the gaming i mean i know they're big in the gaming world so they're everywhere and when i pull up the chart you're going to see this climb that they've had since march of last year which is truly incredible first thing that i want to look at is what news we have because of course we're going into earnings season i want to make sure that we're not in a stock to get burned by earnings we do have what to expect from nvidia's analyst day on monday so the 12th i don't know what this is i didn't read into it maybe the analysts are going to give their upgrades downgrades etc i'm not seeing any news that's really spiking this thing but they do move on news if you are invested in nvidia just be aware of announcements of new products um etc and we'll move on from there let's look at it from a long-term perspective of course we look at my long-term chart first and always and i'm just looking i want to show you the guys climb so this was on march uh 23rd of last year below 200 bucks what was let's actually figure out what it was it was 180 and 68 cents today almost just a little over a year later 576 dollars we're gonna talk about power stock this is a very tight cluster moving up very tight clustered power stock let me zoom out here just to see and you can correlate that with it being over all of the major moving averages for almost the entire time with the exception of literally two days i see one one day here and one day here in that power stock and it was just just touching the 25-day moving average when when i tell you guys to look for power stocks it's a stock that that's why i like getting these ones that come off the bottom so much it comes off the bottom crosses through 32 percent right a red line over yellow and then it goes and it gets over into this 80 this overbought area above 80 and it just goes sideways on us and you know when i say that the red line for example when the red line crosses under yellow but you're above 80 percent the trend is not changing you're not in a downtrend you're not in a downtrend until that right red line is under yellow and it crosses below 80 that's why when we're playing up here i just say use stops it's not that i want you to exit the position because you're still in a positive trend it's just going against you a little bit but you can see over this three month time frame the stock price just went the stochastic just went sideways but the stock price just kept climbing and climbing this was your initial run up through 32 percent this is where it went to so you had this little area right here that was your initial buy going through the sweet spot getting into that overbought area and then you had all of this as your going sideways over 80 so this is why we don't exit the position this is why we it's just we play with stops you do see there's a little bit more volatility here you see the price drops that are happening in there when it's over 80 percent that you didn't necessarily see totally down here it's just something to be aware of and i know i drew a lot on here but it's just something to be aware of so right now we're just going sideways i mean we're consolidating between basically call it 590 and 490 that's a big swing of course it's an expensive stock but the stock price is just moving in this area in this within this hundred dollar area what brought it to the attention of the bid and asked nation we they well we like that we had that little reversal here the trap door closed and we started moving through 32 over 32 very nicely right over yellow and what's even better is this red line and yellow line are separating from each other um even further than they were before so the bigger the separation the better your trade is looking if you wanted to do something on this and you're not in it yet you're good you're you're not too late just get one good green engulfing candlestick like and uh go for it so if you get that on monday if you get that um on the april 12th go for it add to it you're over all of your major moving averages over here it's fantastic everything's looking good if you're in the bid nest nation and you are in this good trade keep going with it you just need another engulfing candle stick to go ahead and add there will be a lot of resistance up here at the all-time high just under 620 dollars let's see let's just see what the high is all-time high on nvidia is intraday 614.90 you're gonna face resistance to get through that you're gonna need news you're gonna need something you're gonna need volume is what it comes down to to push yourself through that area and break through let's see if we get it but um looking good so far so let's go over to a daily chart and see what we got of course we had that great run the power stock that i was telling you about now if you want to swing trade this and this is my daily chart and we're swing trading it's really nice that your overall your major moving averages pretty consistent volume for the past 10 days or so i'm i'm really looking at the same thing over here you want a green engulfing candlestick monday or tuesday you're gonna you're gonna face resistance going to 586 64.
no big deal it's really not a big deal the big resistance point that i think you need to focus on is 6 14 90. that's what it's going to be if you can get some i mean you've had a great run up here great trend moving up let's zoom in a little bit more just so we can really focus on what's happened in the last month or so we came up through the sweet spot and you can see that the stochastic is just going sideways on us we've had a nice run up over all of our major moving averages just get that engulfing candlestick and you should be fine this looks like a great trade from a swing trading perspective as well 15-minute chart so this is an expensive stock um price-wise of course 575 dollars a share the amount of capital that you need to put up to be able to make some kind of return on this is substantial so yes this is i do find that nvidia is a good stock to trade on a 15-minute chart because it has that quote-unquote volatility to it um let's actually go i want to see what the beta is on the beta's 1.38 so if the market moves one time the nvidia moves 1.38 times and i actually think that's a i thought that's pretty low number for what i expected but that just means that you move a little bit faster than the markets hmm i'm gonna look i'm just what i'm looking at right now is the number between the stochastic between 20 and 80.
and it's the the trend spends a lot of time in this area even going back here the trend spends a lot of time in this area to be honest with you guys i take back my first comment about this being a good day trading stock i'm actually quite shocked that it's not um because remember when we are day trading we need to be to go long over 80 percent and to go short under 20 consistently and we don't have that with nvidia let me just keep zooming out i want to see um a couple of days even in here no stochastic spends a lot of time there okay this day we did have it remember we if we want to go long term on a 15 minute trade we have to be over 80 with our stochastic just going sideways in that area we want to be going sideways with our stochastic over 80 percent and we want nice engulfing candlesticks just to keep adding to our position like this now remember as soon as that thing drops through 80 go ahead and exit your position take your profits move on but i mean nvidia i'm looking at one two three four five days right here and i would say that a day trade on nvidia would be possible for one out of those five days maybe a little bit up here but not really one out of those five days and guys when i'm saying that 80 percent number i'm talking about this right here this percent k that number is your stochastic trend line that needs to be between 80 and 100 to go long so maybe nvidia's not the best stock to day trade um hey it's expensive be it doesn't have a lot of movement so let's do a quick recap of how we can go about this and uh let's see so long term on nvidia all you want is a you have a great trend moving up get a green engulfing candle stick like so go ahead and add to it just know you'll face resistance at about 615 a share but you should be okay on a swing trade i i still like it i like that we're overall major moving averages it has some room to run if we get some engulfing candlesticks a little resistant to 586.64 no big deal you will face resistance at about 615 dollars a share again but i really like the volume that we've been getting for the last week or so 15 minute chart guys biggest takeaway from this one i think is just remember what i said you got to be over 80 to go long on a 15-minute trade as long as your trend line is bouncing around up in there you're fine as soon as it bops below exit the position move on coupled with this uh trend you want decent volume and nice engulfing candle sticks like these so that's it for this um that's nvidia doesn't look like it's too bad i think you guys can go and trade this from a swing trading perspective in a long term and it's not too late to get in long term just make sure you get a good engulfing candlestick that's it for this one join the bid nasty nation thanks so much for watching the video we hope you were intrigued if this style of investing speaks to you click the link below to join our patreon as a patron you get access to a wonderful community of like-minded investors where you can chat connect ask questions and share ideas with badasses like you all over the world the best part is you get the amazing everything money software this is revolutionary unlike any youtube page you can track your investments look at stocks and quickly run our eight pillar analysis on any company you like the top tier patrons get direct access to paul and trader mo you'll see their daily trades their updated portfolios and every options contract they write on a daily basis we provide patreon exclusive videos just for you including live streams and exclusive content from our team our bottom patron tiers feel fast so join today but hey if you don't believe me look at all of our patrons amazing success stories in comparison to other financial platforms our software is by far the best value this is your chance to get serious about investing if you're finally ready to level up your investing game join our patreon and let's start kicking ass together you
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