The pattern is clear. Don't try to buy in and hope it will go up. Wait for the patter to settle.
Bearish rising wedge is formed. We should see a sharp fall next week or two and head towards 990s. Good luck!
Strong indication that the highlighted highs will hold. We should start seeing strong down moves in the near future.
This current downtrend which started today likely will take out the gap I indicated on the chart. Markets sentiments are also shifting although the bull trend remains.
The momentum and volume is drying up and it makes me feel like everyone is already bought into this market. After examining the chart we might as well could face a dramatic and fast drop in the markets. Major increase in margin debt could also be a red flag. People are maxing out their accounts on margin debt purchases.
Technically weak as volume is getting dried up. Sellers are gaining momentum. $142 is the target. I will be looking to short on Monday on every pop.
The rule of gaps is that they get filled almost 93% of the time. Plus with all the geopolitical issues and it's over valuation I believe there's going to be big drop in this stock in the coming days.
Rising wedge due to slowing momentum will eventually breakdown. 5% dip is on the horizon.
This stock is being pumped up so much. Thinking of shorting it. Audi just announced that Intel will provide with chips for the Audi A8 so they are not using Nvidia anymore. And all other partnerships doesn't have any longterm agreement nor they are exclusive. I would be careful going long on this one especially at these prices.
Pay a close attention. This stock is extremely pumped up. I will be very cautious and take profit at these levels if I were you. It's always not worth it to hold a stock hoping for extra 5% when the risk is getting higher. I believe greed itself will crash the share prices of Nvidia back to $70s over the next 12 months.
big wicks always get undercut. That's the rule. Bearish short term but bullish long term.
Silver will be the king in the near future Imo
Perfect time to buy physical silver. If you can find a miner (company) who have clean balance sheet go for it. Silver is the most suppressed metal on earth as far as price wise. It counts as money and as industrial metal. I believe silver going into $100 in the next 2 years. I wish everyone success. Have a great day
If silver continue to fall miners will go out of business and that will create shortage which is good for silver prices. They have to keep the prices up in order to keep them in business. It's very important since silver is not just money but it is used as industrial metal for a lot things we use today in our lives. They need silver.
I see the same/similar patter playing out here. I would long silver here like crazy at current levels.