NVDA Oportunity to Short Post Earnings

There is weakness in the semiconductor market, $NVDA has recently been underperforming peers , ASX:ASX , NASDAQ:INTC , NASDAQ:ATOM .

The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average.

  • Weak cryptocurrency demand of chips
  • Suspension of test drives for driverless vehicles
  • Uncertain macroeconomic environment may jeopardize company growth (80% company sales derived from outside US)
  • Customer concentration: Top two customers accounted for 30% of total accounts receivables

Short term we may see a bounce to the 165-180 zone post earnings , where there is an unfilled Gap, price should range for a couple weeks between daily 50 MA and 200 MA.

Trade active: Trade Active, Daily chart like clockwork