Sh_NV

6 de jun. de 2024

I believe that there have been price gaps, and NVIDIA needs to drop to close them before continuing the upward trend or undergoing a deep correction. The recent surge is justified by the AI hype, and I expect yesterday's move was intended to trigger the short positions on the stock. Therefore, I anticipate a short-term decline in the stock, possibly this week, as the rapid ascent will likely be followed by an equally swift profit-taking reaction. I'm 90% confident in my trade, and I will close the position if a 15-minute candle closes above the stop-loss level.