NVDA reminds me a lot of UPST from awhile back. (I could see this being cut in half back down to the long term uptrend line in no time) but short term, it looks like 280 is likely, probably in the next few weeks. if we fill the recent gap up that would be extra confirmation of a push back to 280. The negative divergence on RSI with higher prices also looks suspect. Noting also volume was heavy especially in the morning, nearly 20 points higher than where we closed.
Note
trimmed 335 and 315 puts per below; added dec (reg exp) 280Note
aggressive view of a bearish rising wedge; looking like a break to 280-290 is very likely Note
Closed out several NVDA put positions; still have some sub 300's out a few more weeks.
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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.