NVIDIASatış
The "big" short.
Hi everyone,
I am very pleased to be here and giving my first thoughts on a chart. I've been researching quite some things about Technical analysis lately and I really feel passionate about it.
So that's about me. Coming back to the chart we can not ignore that Nvidia really made a big rally since 2017 till 2018. We see a strong pullback in the months between Oktober and December 2018. The through on the peak is 50%.
Than there is another strong pullback between February and March 2020. The stock went from $315.- to $182.-. Than afterwards we see an enormous rally that goes from $182.- to $590.-
My conclusion is;
The ADX (trend indicator) is under at 22.
The DMI + is at 26 and will be tested at 30.
The DMI + is also producing lower highs.
+
The total volume is decreasing.
+
The RSI indicator is has been tested many times at 65 level.
Potential target; $613 - $590.
This is not financial advice. Always use stop loss. Advice is to not to trade more than 1% of total amount of equity per trade.
Good luck.
Please share comments and thoughts so we can learn from each other.
I am very pleased to be here and giving my first thoughts on a chart. I've been researching quite some things about Technical analysis lately and I really feel passionate about it.
So that's about me. Coming back to the chart we can not ignore that Nvidia really made a big rally since 2017 till 2018. We see a strong pullback in the months between Oktober and December 2018. The through on the peak is 50%.
Than there is another strong pullback between February and March 2020. The stock went from $315.- to $182.-. Than afterwards we see an enormous rally that goes from $182.- to $590.-
My conclusion is;
The ADX (trend indicator) is under at 22.
The DMI + is at 26 and will be tested at 30.
The DMI + is also producing lower highs.
+
The total volume is decreasing.
+
The RSI indicator is has been tested many times at 65 level.
Potential target; $613 - $590.
This is not financial advice. Always use stop loss. Advice is to not to trade more than 1% of total amount of equity per trade.
Good luck.
Please share comments and thoughts so we can learn from each other.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.