globlchrtanlysis' Blog : NVDA Trade Analysis- A 38% Move In 2 Months

Here is #10 in our top 10 open trades list:

To view this entire report with charts click here http://bit.ly/eGx0iD

NVDA has run as much as 38% since it triggered for our readers back on Oct 13. Our screens picked up some very positive bottoming action in the semiconductor industry and we specifically liked the action in NVDA.

We pointed out some very positive volume patterns followed by a nice base on base pattern. On top of the positive volume and bottoming patterns our screens also picked positive reactions to some of our other support and trend filters. We posted the setup in our Oct 13 2010 report and the trade triggered that day.

For chart analysis fcut and paste link

http://bit.ly/eGx0iD

We only look to enter into high probability trades when they are ready to make huge short term moves and NVDA did just that. NVDA ran 8% in the first 2 weeks, 23% in the first month and is now up 34% in only 2 months time.