NVIDIA facing big drop?

2021年6月29日

NVIDIA has been in the overbought area for almost 1 month now. In my opinion, this looks like the start of a major correction.
RSI has to cool down for a while, which will most likely result in a price drop.
Currently, I have no position in NVDA. However, If I were in a long (swing) trade, I would close the position now.

2021年7月6日

交易進行

KeyBanc raised the price target to $950. I'm planning to open a short position today. My entry point depends on the price development in the next few hours. It would not be surprising to see 850-900ish area before today's close.
PT1 ~680
PT2 ~640

Any thoughts on this?

2021年7月7日

交易進行

Trade active @ 827.6

2021年7月8日

註釋

trend reversal imminent if it doesn't close above 810 tomorrow
33 bars (49 days) upwards trend line broken

2021年7月9日

註釋

Update on price targets:
~680
~650
~620