Well, the strong bullish trend has a place because the crypto mining was the trend of 2017-2018, at the moment a lot of coins and including the Ethereum of course are developing the stacking mining model so I can't see any positive for NVidia in the near future.
NVidia is working on the AI driver, but there are too much competitors on the market, and some of the have control their own production of cars like Tesla, Jaguar or BMW.
If you like shorts or puts, I think $175 per share is the best price to short NVDA and take a profit at $100.
Time Frame: 1 Week
Resistance:
~ Strong resistance $170 - $175
~ Resistance EMA lines
~ Downtrend on the graph
Support ~ $100
Short ~$175
SL ~ $190
TP ~ $100
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
NVidia is working on the AI driver, but there are too much competitors on the market, and some of the have control their own production of cars like Tesla, Jaguar or BMW.
If you like shorts or puts, I think $175 per share is the best price to short NVDA and take a profit at $100.
Time Frame: 1 Week
Resistance:
~ Strong resistance $170 - $175
~ Resistance EMA lines
~ Downtrend on the graph
Support ~ $100
Short ~$175
SL ~ $190
TP ~ $100
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.