NVDA Short
Updated
The analysis is similar to the AMD one I posted, however, this is weaker than AMD. It didn't even retrace 38.6% of the last downward move (AMD retraced 61.8%) and it's ER is also further away. It does run in sympathy to AMD ER but that one is also far away.
Another difference is that the current support it has isn't that strong (as AMD) and the next strong one is at 136-137 area which means at least another -6% (even though it might bounce a bit with AMD).
S0.5: 145
S1: 136-137
S2: 116-123
S3: 100-110 (not a good support area
R1: 160
R2: 174
R3: 182
R4: 194
Another difference is that the current support it has isn't that strong (as AMD) and the next strong one is at 136-137 area which means at least another -6% (even though it might bounce a bit with AMD).
S0.5: 145
S1: 136-137
S2: 116-123
S3: 100-110 (not a good support area
R1: 160
R2: 174
R3: 182
R4: 194
Trade active
Already in 7/15 Puts since day before yesterday.Comment
Going towards S1 (136-137)Trade closed manually
Reclaimed 145 so it didn't make sense to continue with the Puts.Comment
Coming back to test 145. Once it breaks, I will re-enter.Trade closed: stop reached
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