All last week we traded between the 21ema and 280 resistance.
NVDA appears to be distributing now and I expect 21ema to give way in the next week or first week of May..
Below 21ema my first target is 50sma around 250.
SMH SECTOR has already started to break down beneath its 21ema and 50sma, NVDA won't lag far behind it
Wait for a close beneath 21ema to go short , until then , enjoy the 8$ range trade which is cool for you 30% scalpers.
Of course for my permabulls there's always a chance lol
NVDA appears to be distributing now and I expect 21ema to give way in the next week or first week of May..
Below 21ema my first target is 50sma around 250.
SMH SECTOR has already started to break down beneath its 21ema and 50sma, NVDA won't lag far behind it
Wait for a close beneath 21ema to go short , until then , enjoy the 8$ range trade which is cool for you 30% scalpers.
Of course for my permabulls there's always a chance lol
