NVDA Megaphone
Updated
NVDA has been unstoppable, it is the last ticker I would short personally. It's an important watch though, it can single handedly move NQ around as we've seen lately. NVDA recovered on Friday with the rest of the mag 7, but it has weakened significantly since topping out near $140. My first downside target is $117, followed by $95-$100.
To the upside, first target is ATH and then it is blue skies from there.
To the upside, first target is ATH and then it is blue skies from there.
Note
I took a short today on the retest of the megaphone after a break below. I think semis looks really bad after today so I'm expecting more downside soon, but it's a risky proposition to short NVDA.However, I see overwhelming evidence for more downside on all semis, so I took the short.
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.
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.
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Disclaimer
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