Curious Case of NVDA

May be because bitcoin is in the space?



It's not only about crypto ... also the fact is that whole semi sector is unde rpressure due to trade war. Look at semi conductor ETF.
Second, @tom.farrell85 you are right, they are bag holders now. and AMD is rocking. AMD is giving hard time to INTC as well.
WaveAzzReaderz hammadshahir
@hammadshahir, Both crypto and trade war are nonsense. Stocks do not trade on fundamentals as well. I am saying it from a purely technical viewpoint ignoring the nonsense such as fundamentals.
hammadshahir WaveAzzReaderz
@WaveAzzReaderz, Bro I actually like this company and in short term, price will rebound. But I am cautious .... It needs to break 254-271 price range to invalidate this massive H&S pattern. Also, if you notice, it's forming mini H&S within this massive H & S.
WaveAzzReaderz hammadshahir
@hammadshahir, I will share you my private chart on your pm, see the bigger picture :)
Have you taken into account that Chinese Crypto miners lost approximately 70% of their mining equipment due to recent floods?
With nVidia holding on to some 300000 units of stock, they might just get rid of them after all and introduce the next generation of GPUs sooner
Flawed ;) you will know once it hits 330 by aug :P
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