As on the chart, TSLA is hitting heavy resistance and appears
to be setup to short. The whole China economic meltdown
and the NVDA issue with regard to China is weighing heavily.
Thus, TSLA has technical and fundamental headwinds.
Accordingly, this may be a good entry to short or get some
put options.
As an asidem the inverse ETF for TSLA, TSLQ is...
for a 3.88 credit.
Comments: Rolled to a short straddle today. Total credits collected of 11.56 with a cost basis of 148.44/share if assigned on the 160 short put. It's not great relative to where it's trading now, but I'm getting whipped on both the call and the put side, so I guess the benefit of a covered call (if it goes that way) is that I'll eliminate...
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Will $NVDA get support from dashed mid-line of down trending channel?
This dashed line was resistance before. $NVDA is a nice technical
chart to watch. Lots of professional engineers, who now trade, like to trade
$NVDA which makes it great for technical analysis.
Nvidia back at a all time LOW + DEMAND zone price previously, violently reacted too on multiple occasions along side an INVERSE HEAD & SHOULDERS pattern that corresponds with the demand zone. News recently dropped price pretty nicely which should catch the eye of investors because who does'nt love a discount? Im looking at this for long term and short term but...
17 minute video. A lot of information packed in here.
I don't like typing things out when I have 20 things to say, so I'm not really going to do that.
TLDW; Things look bad.
If this video was useful to you, boost the idea so that more people find these the ideas and join the the streams everyday at 9:15 EST: 15 minutes before the market opens.
🔸️Ticker Symbol: NVDA🔸️Timeframe: 4 Hour🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: NVDA is now sitting along a strong support area at 150. We can see a relief rally in the short term from the recent bear market the past few days.
Key Points on the Indicator:
1. Bottom of the channel for the "Linear Regression" lines
2. Dashboard showing "Money...
Semi-conductors/chip stocks took a big dip this week after more negative earnings reported.
I am watching this inverse head & Shoulder pattern for a reversal with huge upside potential.
Declining selling volume.
Near oversold RSI
High risk (manage risk) as we are at a major support level. If we lose this level, the weight could get really heavy back into the...
On H4, with the price moving below the ichimulu could, moving within the descending trendline and the price is showing the "double top" pattern, we have a bearish bias that the price may drop form the sell entry at 156.12, which is in line with the 100% fibonacci projection and swing lows to the take profit at 141.24, where the swing low is. Alternatively, the...
+ Above neutral
+ Approaching a key zone
- Rejected 190 area (important long-term reversal area)
- Selling pressure with bad earnings
- Rejected 20dema
Possible head and shoulder (seem forced a little)
NASDAQ:NVDA
NVDA on the daily chart appears to have formed a flat top triangle
with the trendlines drawn onto the chart. Price appears to
be falling outside the ascending support line before upcoming
earnings. Will NVDA rise to regain support or breakdown further?
The usual way I publish my public ideas is daily updates on ES and weekly updates on NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:AMD , and NASDAQ:NVDA .
Starting this weekend, I am going to publish performance reviews on these updates. Note that in these posts, my goal is not to update the counts, but only to compare the expectations vs reality. Updates to the counts...
NASDAQ:NVDA looks like a nice bull flag setting up hopefully the fed speaker doesn't tank the market if it gets going it could see 186+ if not back to 174
$NVDA has a very interesting chart.
Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo.
I see a solid accumulation/support near the $157-$161 level.
NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a...
NVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to...
