TradingView
orimichaeli
Jun 14, 2023 5:20 PM

SELL Short

NASDAQ:NVDA1W
NVIDIA CorporationNASDAQ

Description

⋅
NVDA-weekly chart.
2 std deviation.
You can see from the chart what happened the last 3 times NVDA touched this line.
Beyond Technical Analysis
Comments
GalaveraTrades
⋅
Well now they have the all mighty and powerful AI. What can go wrong
orimichaeli
⋅
@GalaveraTrades Its only mathematical view with high probability
brownian
⋅
@GalaveraTrades nothing. NVDA has to supply out-compete every chip maker to meet all demands to match its valuation.
AMIT-RAJAN
⋅
Valid view according to the trend line 🤝🤝
orimichaeli
⋅
@AMIT-RAJAN Thx
BahamasX
⋅
It is possible and likely that a short would be good. But why now? NVDA is in an uptrend and so is the market.
orimichaeli
⋅
@BahamasX, It's mathematical, its not about timing..
BahamasX
⋅
@orimichaeli, Maybe math has nothing to do with timing… almost everything is timing…Thanks.
orimichaeli
⋅
@BahamasX No one knows to "timing" the market.
The standard deviation give you high probability when the correction should happen.
BahamasX
⋅
@orimichaeli, Yes. Everything you say is true and correct. I appreciate. Searching for the most favorable moments is just an attempt... Thank you.
More