NVIDIA
I've been short on Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490.
My previous trade is still running and the old chart can be found under my idea, everything is still valid in that chart.
I decided to make a new chart, as there's been some big moves recently on Nvidia.
I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch.
The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning.
Targets:
T1- $406
T2 - $373
T3 $326 ($373 & $326 would fill the gap)
Target 3 - $263
Target 4 - $203
At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.
My previous trade is still running and the old chart can be found under my idea, everything is still valid in that chart.
I decided to make a new chart, as there's been some big moves recently on Nvidia.
I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch.
The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning.
Targets:
T1- $406
T2 - $373
T3 $326 ($373 & $326 would fill the gap)
Target 3 - $263
Target 4 - $203
At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.
Trade ativo
This trade is still active, Our first target hit but did not close the position. Why? Well I think Nvidia still has a lot of room too fall, sure in hindsight I should have taken the profits and re-entered here but I didn't. My target before I start taking profit is that Massive gap that waits to be filled.Target 2 is a good area for stop losses in profit still.
This trade is still in profit with a short entry on $481
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.