Rarely do you see a "Blow Off Top" in play like
what you are seeing in Nvidia (NVDA),
with a current valuation of 2 Trillion US Dollars.
Think about that for a moment
The mania of AI, or Artificial Intelligence has taken now over the world
as the biggest technology creation of the twenty first century.
Bubbles in the stock market occur,
when mass belief, ultimately turns into tragic disbelief.
My own personal belief is that ultimately Nvidia stock will crash back to earth
like every other stock bubble created by capitalism before.
However in this case, Nvidia could also be responsible
for a shocking crash in the US stock market. if things suddenly unwind.
As a trader, I am watching the 750 price level in Nvidia,
which is the price level where it opened on the NYSE on Feb.22,2024,
after its blow out earnings.
There is a 75 point upside gap,from 750 down to 675,
10 % that needs to be filled immediately if support at 750 breaks.
If "artificial intelligence" computers decide to sell all at once,on a break of 750
perhaps now you might understand,... what could happen next.
NVDA 788.17 Last.
THE_UNWIND
WOODS OF CONNECTICUT
what you are seeing in Nvidia (NVDA),
with a current valuation of 2 Trillion US Dollars.
Think about that for a moment
The mania of AI, or Artificial Intelligence has taken now over the world
as the biggest technology creation of the twenty first century.
Bubbles in the stock market occur,
when mass belief, ultimately turns into tragic disbelief.
My own personal belief is that ultimately Nvidia stock will crash back to earth
like every other stock bubble created by capitalism before.
However in this case, Nvidia could also be responsible
for a shocking crash in the US stock market. if things suddenly unwind.
As a trader, I am watching the 750 price level in Nvidia,
which is the price level where it opened on the NYSE on Feb.22,2024,
after its blow out earnings.
There is a 75 point upside gap,from 750 down to 675,
10 % that needs to be filled immediately if support at 750 breaks.
If "artificial intelligence" computers decide to sell all at once,on a break of 750
perhaps now you might understand,... what could happen next.
NVDA 788.17 Last.
THE_UNWIND
WOODS OF CONNECTICUT