NVIDIA to continue falling off the cliff?
Crypto has seen some relief lately, however it is still largely in the tank. This in turn will continue to have an effect of overall GPU sales. Until GPU mining returns to high profitability (rather, IF) NVDA will continue to struggle to find a proper price point. I believe we will continue to see a slide in NVDA stock price over the next several weeks, however stops are in place as a precaution. If T1 hits, 1/3 profits will be taken and stop will be moved into profit zone. Stop will continue to trail until T3 is taken and 100% of profits will be pulled off the table. Follow the 3 short positions as if it is the progression of a single position. That is the intention.
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.