Yesterday I explained there are two existing gaps on NVDA. If NVDA holds over 120, I believe we could see 124... after that it will depend on whether this will squeeze pre-earnings, which seems pretty possible. There are plenty people shorting NVDA so a squeeze is very possible.
NVDA also has a trend of failed H&S (visible before the last earnings). In order for me to truly believe this H&S is failing- I would want to see a breakthrough the 130's. Today will determine the first test. Holding over 120 is the goal -
A H&S failure means 200 inbound again.
I'm still in September calls but have trimmed a majority of them.
NVDA also has a trend of failed H&S (visible before the last earnings). In order for me to truly believe this H&S is failing- I would want to see a breakthrough the 130's. Today will determine the first test. Holding over 120 is the goal -
A H&S failure means 200 inbound again.
I'm still in September calls but have trimmed a majority of them.
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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.