$NVDA almost took back its gains from the previous rally as the market switched its momentum to the sell side. the cause of the selloff was due to the bad earnings of two retail giants. ( $TGT and WMT ) as the heavy earnings pass through this week. market sympathy will be focused on two retailers like Applied Material and KOHLS. any missed earnings from these two companies could send out a bad sentiments on retail stocks. as for the technical aspect of NVDA, the stock just crossed the squeeze and the momentum is going on the down side and will continue to follow the market sentiment. this also applies on other chip stocks.
for my #strat strategy
For calls buy above 172.41 and sell at 181.12
For puts, buy below 166.83 and sell at 165.44 or below
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
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My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
24 minutes ago
Comment: This TA almost exactly what happened this morning. i didn't reach the buy target for puts but it does trap the bulls who swing their position yesterday.
for my #strat strategy
For calls buy above 172.41 and sell at 181.12
For puts, buy below 166.83 and sell at 165.44 or below
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tuned for more.
My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
24 minutes ago
Comment: This TA almost exactly what happened this morning. i didn't reach the buy target for puts but it does trap the bulls who swing their position yesterday.