Shorting NVDIA something no one would have dared to do in 2024 and rightfully so. It was having a massive uptrend and there was no reason to go against it.
2025 is completely different story. The emergence of DeepSeek has dampened its prospects and NVDIA saw a massive double top at 152 (The same time S&P reversed at 6144).
It has now fallen to a low of 107 and made its way back to 121 where there is a pattern to sell. Here is our thinking:
1) It is in a daily downtrend
2) It is following the H4 trend
3) There is a pattern to sell
4) RSI divergence is present
We will sell around 122 with a stop loss of 125.50 and target the low of 107.
Yes, we just follow the trend and not the news or sentiments.
2025 is completely different story. The emergence of DeepSeek has dampened its prospects and NVDIA saw a massive double top at 152 (The same time S&P reversed at 6144).
It has now fallen to a low of 107 and made its way back to 121 where there is a pattern to sell. Here is our thinking:
1) It is in a daily downtrend
2) It is following the H4 trend
3) There is a pattern to sell
4) RSI divergence is present
We will sell around 122 with a stop loss of 125.50 and target the low of 107.
Yes, we just follow the trend and not the news or sentiments.
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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.
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.