Amazing to see how quickly NVDA broke the support.
Well .. there are some interesting observations on the NVDA chart.
1. Neckline of the H&S was cracked and since then it has been on a steady downtrend.
for the conservative investors and traders, it may be a good idea to bet on a upswing only if it breaks the neckline, but for the rest, I would suggest that while it is in the "DOWNTREND ZONE" it is safe to assume a bear hold.
My next target is the 112 point.
It is good to use a butterfly spread options trading strategy with NVDA with a short term outlook.
Well .. there are some interesting observations on the NVDA chart.
1. Neckline of the H&S was cracked and since then it has been on a steady downtrend.
for the conservative investors and traders, it may be a good idea to bet on a upswing only if it breaks the neckline, but for the rest, I would suggest that while it is in the "DOWNTREND ZONE" it is safe to assume a bear hold.
My next target is the 112 point.
It is good to use a butterfly spread options trading strategy with NVDA with a short term outlook.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.