This idea is based on the need for price to close a gap i.e. GAP UPFILL.
On the 1-hour time frame, Nvidia posted a gap on the 24 th Feb 2024. This gap spans
$680-$740 and remains unfilled.
Price topped at $975 on 9th March 2024, and then went into a distribution consolidation.
In April 2024 we have seen a break and retest of this consolidation.
This idea considers a possibility that Nvidia may be in a Markdown Phase, and suggests a short as follows;
1. Enter - $800 -$810
2. Stop - above the recent swing high of $850
3. Target - the gap low of $680
4. RR = 3
NB - The intrinsic valuation provided is a fundamental calculation based on my estimation of the fair price to be paid for Nvidia. It is based on a Discounted Cash flow methodology.
On the 1-hour time frame, Nvidia posted a gap on the 24 th Feb 2024. This gap spans
$680-$740 and remains unfilled.
Price topped at $975 on 9th March 2024, and then went into a distribution consolidation.
In April 2024 we have seen a break and retest of this consolidation.
This idea considers a possibility that Nvidia may be in a Markdown Phase, and suggests a short as follows;
1. Enter - $800 -$810
2. Stop - above the recent swing high of $850
3. Target - the gap low of $680
4. RR = 3
NB - The intrinsic valuation provided is a fundamental calculation based on my estimation of the fair price to be paid for Nvidia. It is based on a Discounted Cash flow methodology.
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.
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.