NVDA head and shoulders pattern is valid as long as it remains below $440. We have a bearish divergence forming on the RSI. Targeting $400 this week on NVDA as that is where our demand zone and psychological level are.
Our OS Terminal picked up bearish activity on NVDA $410 puts expiring 06/30, right before close on Friday. We also have been spotting heavy insider selling on NVDA since June 12th, and has intensified in the last few days, with some insiders cashing out on $45M+ worth of NVDA stock in a single day.
NVDA currently has $26 billion in sales versus $208-$525 billion for the big four AMZN MSFT GOOGL and AAPL. NVDA now trades at over 40x sales and over 200x earnings. We've never seen a price to sales ratio that high for a company its size.
Our OS Terminal picked up bearish activity on NVDA $410 puts expiring 06/30, right before close on Friday. We also have been spotting heavy insider selling on NVDA since June 12th, and has intensified in the last few days, with some insiders cashing out on $45M+ worth of NVDA stock in a single day.
NVDA currently has $26 billion in sales versus $208-$525 billion for the big four AMZN MSFT GOOGL and AAPL. NVDA now trades at over 40x sales and over 200x earnings. We've never seen a price to sales ratio that high for a company its size.