NVDA is continues with crazy growth. We almost touched 170 briefly, which was extremely unexpected. Here is a view on the channel we are back to. Was it a quick previous of future to come?
After successfully reaching 155, as previously discussed and even 160-165, here is my new setup for the summer and next September. 190 is the new target, which with the current channel would be beginning of August. Not sure if there will be another big correction, but there is space for one. Based on previous trend of NVDA, we can expect between 25-35% drop. NVDA however is behaving very good so far after the massive sell of, which makes me think that the pump was in order to have buffer for last Friday sell off. The company recovered relatively quickly and together with Tesla, they were the only two closing positive on my stock watchlist. The 'deadzone' is marked in red, and currently is around 120. Waiting to reach 155 to unload last trade from previous setup and keeping one long to 190. Possible discounts coming months, looking for 141 down to 120.
Cheers and happy trading!
After successfully reaching 155, as previously discussed and even 160-165, here is my new setup for the summer and next September. 190 is the new target, which with the current channel would be beginning of August. Not sure if there will be another big correction, but there is space for one. Based on previous trend of NVDA, we can expect between 25-35% drop. NVDA however is behaving very good so far after the massive sell of, which makes me think that the pump was in order to have buffer for last Friday sell off. The company recovered relatively quickly and together with Tesla, they were the only two closing positive on my stock watchlist. The 'deadzone' is marked in red, and currently is around 120. Waiting to reach 155 to unload last trade from previous setup and keeping one long to 190. Possible discounts coming months, looking for 141 down to 120.
Cheers and happy trading!
評論:
Earning report coming on 8th August. Looking to load some more in case the trend goes below the dotted line.
交易結束：目標達成:
What a lovely ride.
