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WKMAnalytics

Nvidia Swing Trading

Short
NVIDIA (NASDAQ:NVDA)  
WKMAnalytics Updated   
NASDAQ:NVDA   NVIDIA
Trend Analysis Wave Analysis Chart Patterns
4
0
trendanalysis waveanalysis chartpattern
Nvidia approaching top of rising wedge.

Rough estimates

Short at 400$
Stop loss 425$
Target 1 300$ RR 1:4
Target 2 250$ RR 1:6

Comment:
Catalyst for wave 4 could be:

- US - China trade war
- second coronavirus wave
- Simply a correction of 10-15% in SP500 (impliying a 20-30% drop in NVIDIA, as it is a high beta stock).
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