NVIDIA SHORT IDEA
Hi guys ! I post my recent analysis for Nvidia and sharing with you my trading idea. My main view is short for Nvidia with first price target 120$ and then 109$ . My main corcern for Nvidia is the big slowdown at crypto market and as aftermath from big prices decline is lower demand for GPU powerfull systems ( which are sold for a high price). This demand decline signals lower margin profits for Nvidia and it will be seen from investors in 2019. As from technical analysis scope the indicators that I use ADX and Vortex Index signals short for Nvidia. Also my price targets are covered from Bollinger Bands at the monthly chart that i use. Hope you find my analysis usefull fro your trades. This is only an idea, so you must consider all the variables before a trade.
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