Exemplifying the Power of Trend Signals
NVDA was once again one of the top gaining NASDAQ stocks today. The stock has been featured in our chart library a number of times in the past weeks, and it demonstrates the benefit of having trend on your side.
- As the price pulled back in April, through to Mid-May, we could have observed the Key Support identified on the chart as the blue Xs.
- After re-testing support, the signals gave a large blue dot, which in combination with the Xs signals the uptrend continuation.
- Small support dots, moved up with the price to manage the risk out of the trade, and secure profit.
Once you’re positioned into a trend like this, you could let the market take care of the profit. The power of the trend is that it can go further than you could imagine at the start of the trade. The AbleTrend signals helped to systematically identify the trade setup, entry, and trade management.
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