Has chosen death.
I was wanting to short at 270 if it got there today. It didn't.
It's broken the ascending channel to the downside, and it is at a critical support here at the 260 level (psychological). Below is 258 --> 256/255 --> 253.
Another break below 250 will be devastating and can fall back down to the low 200's imo. This is ahead of earnings though, so I'm going to remain nimble here, as I feel NVDA will crush earnings per usual.
I was wanting to short at 270 if it got there today. It didn't.
It's broken the ascending channel to the downside, and it is at a critical support here at the 260 level (psychological). Below is 258 --> 256/255 --> 253.
Another break below 250 will be devastating and can fall back down to the low 200's imo. This is ahead of earnings though, so I'm going to remain nimble here, as I feel NVDA will crush earnings per usual.