A double top with abnormal volumes and break below the oblique trendline are signals that big hands have distributed. Target for our strategy : 73 Usd with an intermediate target at 96, where we should see a small rebound. Check-out our analysis at www.wallstreetimes.com
NVDA short term bounce off of first support at 85 back to 100; then falls to second support level at 73; closing the window (filling the gap)
Now down-trend has broken the 50 SMA, this signals the "Run" component of "Bump & Dump" pattern is in play.
Observation: We took profit on NVDA as planned over the past month just in time, and the price dropped massively today, towards our "Buy-back levels" that we identified back in December. Which means, the following levels could be ideal for a) adding to your position, or b) start fresh with NVDA, buying it at lower prices! Buy back order...
I think we might form a topping pattern, and take some time to break down here, so, I'll look to short on a retest of the earnings level above. Price won't slice through this level immediately, it'll take some time to coil, and eventually break out confirming the decline. With how steep valuation is, I'm inclined to look for hedges to my long positions, that's...
Nvidia might bounce on the 20 days moving average (green line), as in my opinion there is no reason for this stock to retest 100$ - Lot's of positive stuff coming from nvidia. After not even closing 1 month negatively for the past 12 months, i don't expect it to do so now! I'm bullish!
... for a 1.57/contract credit. (Earnings; High IVR/High IV). I fiddled with various setups long enough ... . Here, I'm going out farther in time than I usually like to go with an earnings play in order to give myself time to be right. Will look to manage to 50% max profit. Metrics: Probability of Profit: 63% Max Profit: $157/contract Max Loss:...
If you're a premium seller, you're probably doing a bit of hand-sitting here (again) with VIX again at sub-12 levels. There are, however, a few things that could prove productive ... . NVDA: With a six-month implied volatility rank of 85% and general background implied volatility of 55%, it's ripe for a volatility contraction play. They announce earnings on...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards :) Aaron
I'm short $NVDA, aiming for considerable downside as $SPY starts a short term correction back to support in the 223 zone. Valuation justifies taking any and all short opportunities in this stock, so, I'd reccomend taking a 0.5-1% risk position here and let it run for a month at least. Good luck, Ivan Labrie.
Market to enter strong bearish trend after long uptrend. 107-108 Resistance level, then bearish until 84.50, small bounce back before another bearish trend and hit support at 71-71.
This is how my equity portfolio looks on the long side -plus a stake in $RVLT-. I also have shorts in $NVDA and $NFLX, which -if we consider that $CEF and $TLT are pretty much like shorting the market-makes my portfolio 51% long, 1% in cash and the rest 'short'. I'll hold this for the time being, watching the developments here onwards. Good luck, Ivan Labrie.
Entry: 107.25 Target 1: 119.29 Target 2: 128.10 Stop Loss: 101.75
I think a rotation is in order here. INTC hasn't underperformed this two, and specially AMD like this in a long time. All timeframes look like this might be a bottom in the ratio, so, I'd reccomend swapping your $AMD for $INTC if you have any, and/or take the pair trade. As you know, I'm 10% long $INTC, and also shorting $NVDA, but I have no $AMD position. The...
... for a 1.09 credit. (High IVR/High IV). Metrics: Probability of Profit: 68% Max Profit: $109/contract Max Loss: $392/contract Notes: Will look to manage at 50% max.
Except for $NVDA short and $RVLT long. You can see how these fared against $SPY this year. I'm anticipating a breakdown in $NVDA, and maybe some kind of correction in $SPY, which would give us a lot of great opportunities next year, so, for now, I take my modest profits in equities home for the year and let these two running. I'm in BTCCNY, RVLT, NVDA short,...
Visual representation where $NVDA holds against same sector stocks $INTC, $AMD, $QCOM & against $AAPL, $MSFT
NASDAQ:NVDA going down today! Until 105 resistance line? Let's see.