Hi Shoppers,

Nvidia Corp (Ticker: NVDA)!!

Wow!

After the earnings report, the stock gapped up $79.85!

That is huge.

That is called a breakaway gap.

There are several kinds of gaps a stock can make.

The breakaway gap is a significant move away from the last closing price leaving a large price range where no trading has occurred.

$80 is quite the significant move.

So where does NVDA go from here?

According to the technical analysis rules of the breakaway gap, you need more evidence.

If the gap is not filled within a few days, it becomes one of the most significant & reliable chart signals.

You want to see the stock continue to trade in the same price level it gapped up or down to.

If NVDA can hold this level around $390, you know what they say … $400 next stop.

We will see.

Trade Review

Coca Cola (Ticker: KO) did not open and trade higher, so no calls were bought. I am keeping an eye out for a change in trend candle. Also, watch Pepsi (Ticker: PEP) for the same thing.

Thanks for Reading … See You Next Tuesday,

Licia Leslie