This looks like a crazy rally, but it's normal for NVIDIA
During the recent years the price of NVIDIA shares, which are traded on NASDAQ exchange, rose more than 10 times. No matter what news could cause that, let's look at this rally from the technical point of view. Look at the chart.
1,500% growth in 3-5 years is typical for this asset
NVIDIA already had...
Looking like RSI may crack here for a move lower. Wait for confirmation before placing a trade, but have the orders ready to submit!
Notice the MACD just got rejected. Also had a MACD crossing outside of the existing trendline==> If this tests zero and breaks it is the real deal. However an aggressive bearish trader could take the signal for its word and enter...
After a remarkable bull run, is NVDA finally starting to show weakness? Could be a good short opportunity.
Thoughts?
P.S. This stock has been BRILLIANT for morning gap trades. Have traded put options between 9:30 and 10:00 am all month. Very high percentage play as of late.
The stock being pumped up. Even though stocks are future earnings there are also uncertainties as we can't not see the future. I don't recommend buying into Nvidia at these levels. It is also look like it's forming H&S pattern. If I'm right we could see a big crash down to $50s or $60s levels in the never term. Thanks.
NVDA showed their new exciting innovation and road map for future AI development. As I mentioned before, I do consider NVDA more than GPU manufacturer, and their recent demos and concepts of "AI in the cloud" give a strong boost to their stock. In short the new processor and representing (somewhat) the physical limits of fitting transistors. For end users, that...
NVDA inverted head and shoulders pattern. Heading back past $135 before weekend. Looking for break through key resistance level around $132.70 before strong move higher.
NVDA surged an impressive 25% over the past week. Even though the momentum is strong there will be some profit taking in place. The short strategy that I will adapt this time is bear call spreads, expiry in may 26, or Jun 2 17
SC - 135
LC - 140
Net credit = 0.45 per contract
NVDA broke out of a descending triangle and consolidation today after superb earnings report. NVDA will be a long hold for me taking a total of 34% of my current portfolio. Profit target will be at above $140.00 for a 15% gain and stop loss at 115.50 or 5%. NVDA
