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Shortnvda

NVDA Short (2024.02.20) Current price : 727.10NVDA Short (2024.02.20) Current price : 727.10 It shows that technical indicators are very overheated Although there has been some adjustment, it is very likely that it will go down further. Since there will be an earnings announcement soon, we need to be cautious of volatility and respond accordingly. But the overall direction is more likely to be down than up. If prices rise sharply after the earnings announcement, we must respond with additional selling. If the stock falls sharply after the earnings announcement, it would be a good idea to respond by closing it. It is worth aiming for a profit of at least 2%
NASDAQ:NVDAShort
by CEOofUnknot
11
NVDA - Key Bearish Factors Hey traders! Today, I want to share my analysis on why I believe shorting NVDA could be a compelling opportunity. 1. Price at Upper Extreme: NVDA's price is currently at an upper extreme, indicated by the U-MLH of the Pitchfork. This suggests a potential reversal or correction. 2. Overhyped by AI News: NVDA may be overhyped by AI-related news, leading to excessive pricing based on future growth expectations. 3. Divergence in Indicators: Technical indicators are showing divergence, indicating a potential shift in NVDA's price trajectory. My personal potential Targets: a) the center line b) the lower median-line parallel Given the upcoming earnings, hedging is a crucial step in my trading strategy. Thanks for any comments, rants and positive critics. §8-)
NASDAQ:NVDAShort
by Tr8dingN3rd
3