NVIDIA
Short

NVDA Ascending Wedge

NVDA has been heading back towards ATH after a brief period of downside/chop. Now it has a pretty steep ascending wedge. I wouldn't bet on it breaking down, but if the reaction to CPI is bearish and NVDA breaks below this wedge it could be a great short. I just wouldn't use big size on NVDA and I might look to play a different semi, NVDA will pull those around.

If bullish tomorrow, it's probably just gonna break ATH soon and keep on rolling.
Chart PatternsTrend Analysis

AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers

Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
Also on:

Related publications

Disclaimer