Dont sleep on Nvidia
Fundamentals/ Intermarket:
- Stocks entering a hawkish environment, tech stocks are by and large high.
- Crypto market is in a bear market, see my recent posts.
Technicals:
Quarterly:
- Still very high here. Im looking at price support and the 5 year average here, 150ish.
Monthly:
- Sitting close to the 24 month average here, but the market still looks high for its trend does it not?
Weekly:
- Confirmed trend change, Two swings, the game plan for the short term would be to hold, or short from this timeframe.
Daily:
- Range breakout low.
My play:
Im watching this for the sake of investment as a way to diversify my crypto holdings, I think buying the dip on this is the equivalent of stocking up on GPU's and selling them to crypto miners for a profit when GPU's are scarce. I'm buying at 150 and 75 if it gets there in a recession, but the demand for chips will only increase in the future of our civilization, if we survive. ;)
Play for keeps,
- Chad
- Stocks entering a hawkish environment, tech stocks are by and large high.
- Crypto market is in a bear market, see my recent posts.
Technicals:
Quarterly:
- Still very high here. Im looking at price support and the 5 year average here, 150ish.
Monthly:
- Sitting close to the 24 month average here, but the market still looks high for its trend does it not?
Weekly:
- Confirmed trend change, Two swings, the game plan for the short term would be to hold, or short from this timeframe.
Daily:
- Range breakout low.
My play:
Im watching this for the sake of investment as a way to diversify my crypto holdings, I think buying the dip on this is the equivalent of stocking up on GPU's and selling them to crypto miners for a profit when GPU's are scarce. I'm buying at 150 and 75 if it gets there in a recession, but the demand for chips will only increase in the future of our civilization, if we survive. ;)
Play for keeps,
- Chad
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