Nvidia Swing Trading
Updated
Nvidia approaching top of rising wedge.
Rough estimates
Short at 400$
Stop loss 425$
Target 1 300$ RR 1:4
Target 2 250$ RR 1:6
Rough estimates
Short at 400$
Stop loss 425$
Target 1 300$ RR 1:4
Target 2 250$ RR 1:6
Comment
Catalyst for wave 4 could be:- US - China trade war
- second coronavirus wave
- Simply a correction of 10-15% in SP500 (impliying a 20-30% drop in NVIDIA, as it is a high beta stock).
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