January 27, 2022

The Vital Scoop

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An Nvidia Shakeout, And The Reason For CAN SLIM’s 5% Chase Zone

This is where chipmaker Nvidia comes in, with its breakout from a flat base on Sept. 15, 2017. The stock scorched past the 174.66 correct buy point in a five-week flat base, jumping more than 6% in huge trade. Let’s say an investor waited too long, and jumped into Nvidia later on in that Monday session, at 185. An investor who bought Nvidia’s breakout at the highest possible price within the buy range — 183.39 — would have ridden a temporary pullback of 7.2%.

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