Short Opportunity in NVIDIA

Apr 30

Once again, the stock markets show clear signs of weakness after nearly catastrophic economic data. In a previous analysis, we advised against buying NVIDIA stock and instead referred to a buy limit. This statement remains valid. However, given the current situation, there is now an opportunity for a lucrative short position on NVIDIA, as shown in this trading idea.

May 1

Trade closed manually

May 1

Comment

As we have almost reached our target and are in profit, we close this trade before the FOMC decision.
We have realized an RRR of 1,2:1.