I don't care if you are Jensen himself and think this stock is overbought. There is nothing, i repeat: nothing, bearish about this chart at all. I'm a price action trader so please keep your macro analysis to yourself. This stock is producing gaps above ath's so just don't waste brain capital on looking for shorts. I painted some long ideas and my next best guess on what bullish pattern could play out. And some have the 700 area as a target. I will always try to be a bear and look for arguments for a bear case. Looking at the chart, there is literally nothing on why you should be a bear. So i have to write something i think is mostly fairy dust. Bears could pray for "bad" earnings or at least a bad market reaction to the earnings. Even if that is what is going to happen, you should ask yourself, what are the odds that this goes from probably the most bullish stock on the planet to a stock in a bear trend? That's as low probability as it gets and you can't trade this profitably. Multiple bull trend lines, gaps and retest have to happen first, become the market is convinced that the high is clearly in. Obviously a black swan event can always happen and everything i wrote goes out the window.
short term: do you really need me to say it.
medium-long term: trickier, because do you want to buy into consecutive ridiculous buy climaxes? does it mean the stock will go down anytime soon? both a big no from my side so if you are not long already, you are trapped out. that's it. you need to let it go and wait for better risk:reward trades. this has nothing to do with longing this for intraday trades.
bro you need to update too, ur wave count has to be adjusted.
priceactiontds
⋅
@judejames, i gave you 900 (when we were at 600) and we are at 917. i think i did my part :) will not give higher prices for this. it's peak bubble behavior and it will bust.
elericrivera2010
⋅
I guess this company will never go down, honestly think it could go to 1000's because the market will stay bullish until the election. It just keeps running
hope you made some today. this will only end if all earnings this week suprise to the downside and even then probably they will all just shift from tech xyz to nvidia until those earnings are not 10/10 bullish anymore