(The following is solely a personal opinion and not investment advice. Please conduct your own analysis before making any decisions.)
NVIDIA's earnings report exceeded expectations, yet the market saw a sharp decline on Thursday. The price broke below 20,800, indicating weakening bullish momentum and the potential for further downside.
Given the significant drop in price, it would be prudent to wait for a market rebound before considering short positions. I will closely monitor price action in the 21,300–21,481 range.
NVIDIA's earnings report exceeded expectations, yet the market saw a sharp decline on Thursday. The price broke below 20,800, indicating weakening bullish momentum and the potential for further downside.
Given the significant drop in price, it would be prudent to wait for a market rebound before considering short positions. I will closely monitor price action in the 21,300–21,481 range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.