The momentum and volume is drying up and it makes me feel like everyone is already bought into this market. After examining the chart we might as well could face a dramatic and fast drop in the markets. Major increase in margin debt could also be a red flag. People are maxing out their accounts on margin debt purchases.
This stock is being pumped up so much. Thinking of shorting it. Audi just announced that Intel will provide with chips for the Audi A8 so they are not using Nvidia anymore. And all other partnerships doesn't have any longterm agreement nor they are exclusive. I would be careful going long on this one especially at these prices.
Pay a close attention. This stock is extremely pumped up. I will be very cautious and take profit at these levels if I were you. It's always not worth it to hold a stock hoping for extra 5% when the risk is getting higher. I believe greed itself will crash the share prices of Nvidia back to $70s over the next 12 months.