$NVIDIA(NVDA.US)

NVDA is trading down nearly 1% today, but I'm keeping my powder dry. The stock is currently hitting a critical resistance zone near $196–$197 until we get a clean close above that head level, the bearish price structure hasn't been invalidated. On the technical side, the stock has spent the last few months consolidating, and I'd like to see it hold the $180–$182 support (where the 50-day moving average sits) before adding size. While the P/E ratio has cooled significantly to around 38x–40x—a multi-year low—the market is still jittery about "decelerating" growth. Just holding for now and watching for a confirmed breakout.

#Trade Showcase

@Bridge Buzz SG