I expect a drop of about 5-10% all the way down to $130 from $140.50+-
Stop Loss $145.00+-, take profit is $130+-.
I am risking 50 shares of Nvidia in a short position.
The company is at this point very much overvalued, any negative news might trigger a over-reaction even if not truly impactful (or if impactful), and its undervalued (or not so overvalued) peers might look like the safer place to put money in.
That and its just a guess.
Stop Loss $145.00+-, take profit is $130+-.
I am risking 50 shares of Nvidia in a short position.
The company is at this point very much overvalued, any negative news might trigger a over-reaction even if not truly impactful (or if impactful), and its undervalued (or not so overvalued) peers might look like the safer place to put money in.
That and its just a guess.
Note
I guess its going to hit $130 but my entry was bad. I did make some $200 out of the shorting today, I will for it to hit $130+- before considering buying shares for longer term
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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.