On October 7th, GraniteShares 2x Long NDVA (NVDL) received a Power Inflow, a significant signal for those who follow where smart money goes and value order flow analytics. This occurred at 10:36 AM EDT, indicating a possible uptrend in Amazon’s stock, marking a potential entry point for traders seeking to capitalize on the anticipated upward movement.
This Power Inflow signal is a vital tool for traders who want to understand the direction of institutional and ‘smart money’ movements in the market. It highlights the value of utilizing order flow analytics to guide trading decisions.
Order flow analytics, also known as transaction or market flow analysis, involves studying both retail and institutional order volume rates. It analyzes the flow of buy and sell orders, along with their size, timing, and associated patterns to gain insights and make more informed trading decisions. This specific indicator, the Power Inflow, generally signifies a bullish trend within the first two hours of market opening. It suggests the overall direction of the stock for the rest of the day, driven by institutional activity.
The Power Inflow, occurring at $62.93, is seen by active traders as a bullish signal. It’s crucial to note that while this type of analysis can provide valuable insights, it’s essential to incorporate effective risk management strategies to protect capital and mitigate potential losses. A consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success.
Following the Power Inflow, NVDL reached a high of $66.71, representing a 6.0% return, before closing at $63.92, a 1.6% return. This highlights the importance of having a trading plan that includes Profit Targets and Stop Losses, reflecting your risk appetite. In this case, the day’s high significantly surpassed the closing price.
To stay updated on the latest options trades for NVDL, consider using services like Benzinga Pro, which provides real-time options trade alerts. Market News and Data are provided by Benzinga APIs and include firms like Finit USA, responsible for parts of the data within this article.
