At least a 15% drop coming (maybe more)
NVDA is at the end of an overextended corrective wave.
Initial move to the downside will begin next week after earnings report - best case for NVDA is a drop to test 270 by end of June.
Would not be surprised with a drop to 185 by end of June 2023. Sounds crazy, but makes sense given that market is setting up for a major leg down that will be termed a "crash".. However, it will simply align with expectations of current structure and transition into next bearish cycle.
After the initial down we will see a bounce, but only to set up for lower low in 2024.
July Puts all day.
Initial move to the downside will begin next week after earnings report - best case for NVDA is a drop to test 270 by end of June.
Would not be surprised with a drop to 185 by end of June 2023. Sounds crazy, but makes sense given that market is setting up for a major leg down that will be termed a "crash".. However, it will simply align with expectations of current structure and transition into next bearish cycle.
After the initial down we will see a bounce, but only to set up for lower low in 2024.
July Puts all day.
Not
Posted an updated idea with new targets etc.. Nice run, I didn't hate the stock but I do now. Great opportunity to add July puts at a discount.Not
Break below 379 here will drop it to 363. Break below 363 will drop it to 315.
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.