This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Needs to finish above Tuesday's low of 111.22
We have NVIDIA broken resistances and making ATH everytime, but I'm just wondering how much time will hold this price action. Drawing this curvature we can see rally about to finish as an stock cant just go vertical for ever. Regards. NOTE: Every NVIDIA weekly fall is from -30% to -50%
I dont trust all this NVDA hype, company of the year-- bubble in the making
I'm looking to short $NVDA here, but need further confirmation of the top. If we get a smaller range day today, and we see a new daily low after that, or if we get a new daily low right away tomorrow, I'll short a half position then, risking $10.86 per share. I'll start building a position after tomorrow's close if the range is smaller than today's, and spread the...
NVDA has had a massive up move today on good volume - you have to respect the move. But here once more we see a sell coming in on good volume also. Will we see another sell down to 89 area? Time will certainly tell but I have to believe this is coming down!
I was looking at GPRO last night, and this is kinda how GPRO saw it's final leg up. Pull back and then a pierce above the recent high, followed by an intense sell. We shall see.....
Can try to short as structure indicates exhaustion of strong impulsive move a new sellers should join now.
Reason: Parabolic on the daily time-frame. Time to go back to last earnings level (see daily chart). I'm already short as of 23 november, but I am adding more at top of this pull-back as shown. My earlier S/L was a new high, but moved that to break-even. New S/L will be at top of recent decline $93.92. Daily chart:
Among many other names today someone wanted out at the close causing a bit of an unexpected sell in the final 10mins of the day. NVDA has broken 2 key trend lines here so I'll be watching this closely tomorrow.
NVDA has gone utterly parabolic. The rush for the doors will be crowded... P/E: 50 P/B: 9 Projected EPS growth next year: 9% Insider transactions over past 6 mo.: -20% 95% above the long term consensus of value (50WMA)
1. This run initially began on 8/3/2015. See the volume surge on the weekly chart. Institutions that bought then are sitting on a long term capital gain. 2. We are now 71% above the 200dma. A climb to $100 (certainly possible) would put us at 100% above the 200dma which is an offensive sell signal. 3. NVDA broke above a long term uptrend line (15 months). ...
At the heart of VR growth! Graphic chipsets on dispaly cards are more advanced than major competitor ATI(AMD) in recent years.