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vf_investment
Oct 26, 2022 12:18 PM

Short Position for NVIDIA Short

NVIDIA CorporationNASDAQ

Description

The price bounced on the support line and now is approaching the resistance from the wedge and the Keltner channel.

We expect that the price will reach the resistance line soon , get rejected and drop back to target point as in short position.

Entry, Stop loss and target are shown in the chart

Good luck.
Comments
Rockqet
Thanks for sharing! I agree with your bearish bias, on H4, I am looking to take profit at 110.02, where the previous swing low is. Please check out my analysis at:
heavy_assault
remember what happened to nvda when facebook announced AI investment october 2021? same thing here, already up 10% after market. the market manipulators who are infactuated with nvda's AI chips will pump it to $1000 in the coming weeks. shorters beware.

nvda is by far the biggest bubble in the history of the stock market, but manipulators are in love with the nvda AI hype. they'll keep pumping this tulip dotcom subprime mortgage bubble.
TheNewsCrypto
Agreed, thanks for sharing
JoeChampion
Nice explanation!
Mihai_Iacob
Strong confluence resistance there.
Thanks for the heads up
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