NVDA has earnings this week so not looking to make big bets on semis before, but I think AMD looks great for a short along with SOXX. Like I've said, maybe this is telling us something about the reaction to NVDA earnings. We'll see, I'm not betting directly on that either way especially not with big size. NVDA has only gone up after earnings recently despite many calling for a drop, so this will be interesting IMO.
Having said that, if AMD breaks this little uptrend/bear flag it has been in since Monday, I think it could see a lot more weakness after, first target being the gap fill below around 141.
Having said that, if AMD breaks this little uptrend/bear flag it has been in since Monday, I think it could see a lot more weakness after, first target being the gap fill below around 141.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.