Get started

Nvdashort

$NVDA. Bearish trend. Short this dog at $175.Well, the strong bullish trend has a place because the crypto mining was the trend of 2017-2018, at the moment a lot of coins and including the Ethereum of course are developing the stacking mining model so I can't see any positive for NVidia in the near future. NVidia is working on the AI driver, but there are too much competitors on the market, and some of the have control their own production of cars like Tesla, Jaguar or BMW. If you like shorts or puts, I think $175 per share is the best price to short NVDA and take a profit at $100. Time Frame: 1 Week Resistance: ~ Strong resistance $170 - $175 ~ Resistance EMA lines ~ Downtrend on the graph Support ~ $100 Short ~$175 SL ~ $190 TP ~ $100 I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
NASDAQ:NVDAShort
by MARKETKNOWS
NVDA SHORTEarlier today, Citron Research tweeted that they believe NVDA is on the way to $200. They pointed out that customers are moving away from GPU to TPU as they find it easier and cheaper. After the companies Q2 report and disappointing crypto stream, I could see this being a possibility. Especially from the head and shoulders pattern we can observe. $NVDA has been a huge player in the game for so long this could be the chance for smaller companies to have break through and have a larger presence as competitors. What do you guys think? Bullish or bearish heading into 2019? Personally, I would like to see some smaller companies step it up and put the pressure on $NVDA and I'm overall bearish at least for now. In the next Q3 report I would like to see some transition to TPU and an overall increased beat on estimates.
NASDAQ:NVDAShort
by goodppldonttrade
1