Oil topped @ $112+ on 9/11 & it's been a clean resistance since.
It rallied to the avwap on 9/23 & 9/25 & got rejected.
Avwap keeps capping rallies on multiple tests, it usually reflects where large positions were built and are now being managed.
My risk management should have cut NVDL or the 2x leveage stock of Nvidia at -2% loss.But the fundamentals tell a different story.
Revenue: $96.22 billion (up 106% year-over-year)Net Income (Profit): $59.69 billion EPS (Earnings Per Share): $2.22 per share beating expectations