NVDA: Week of Feb 24th

Feb 23

As promised, here are my thoughts on NVDA.

Not advice, just my thoughts / opinions.

Thanks everyone and safe trades!

Feb 23

Note

I forgot to share the longer term outlook for NVDA:


So far NVDA is following the bearish path on the year.

However, when identify its current trend against the most similar years, this is the outcome:


Essentially it has us trending down until the beginning of March before we reverse and resume the uptrend again.

I tend to agree with this assessment and only believe that we should see correction finish relatively quickly with NVDA.

Feb 24

Note

Shoot,
I just realized that NVDA took out my 130 target. I was expecting up first and not to take this target out right away :O.
Curious.

Anyway, 130 is the mean reversion target.
IF you remember from the video, 130 - 125 is where the buying volume is. I still suspect a move to 125.

I don't trade NVDA, and not trading it here, this is all just for informational purposes only.

Feb 25

Trade closed: target reached

And like magic target is hit.

But don't forget NVDA earnings aren't saving the day this week.

Feb 26

Note

K I am going to close this idea off, no more NVDA updates.

Earnings, not the selling expected but def not bullish, so I'll count it as a meh.. semi win.

As of now, not sure NVDA has truly bottomed with how precarious the market looks, but as of now, the projections for tomorrow show about an expect 0.67% of positive returns (from tomorrow's open).

So if you are a day trading, you can likely long it for about 0.6% min.

Otherwise, no further thoughts on this. It hit my TP, it bounced there where the demand was and now we need to see what the larger market does.

Safe trades everyone, thanks for following along!