NVIDIA - Will The Tech Giant Surprise Again?
Updated
Today is the day: Perhaps the most important company in the world presents its quarterly figures - NVIDIA! In an already volatile market environment, erratic movements are guaranteed. Can NVIDIA meet or even exceed the high expectations? More importantly, how will the share react?
Open divergences in the DMI (not shown, as M5) provide us with a clue: This shows a bearish divergence that has not yet been worked off and would be resolved as soon as the NVIDIA share price reaches the level of around USD 118.70.
We therefore expect short-term price losses. Although we are taking a bearish stance, it is quite possible that the share price will only reach this level very shortly after the publication of the quarterly figures.
Due to the expected high volatility, we refrain from showing a specific setup with SL and TP.
*Today = our location is in MEST
Open divergences in the DMI (not shown, as M5) provide us with a clue: This shows a bearish divergence that has not yet been worked off and would be resolved as soon as the NVIDIA share price reaches the level of around USD 118.70.
We therefore expect short-term price losses. Although we are taking a bearish stance, it is quite possible that the share price will only reach this level very shortly after the publication of the quarterly figures.
Due to the expected high volatility, we refrain from showing a specific setup with SL and TP.
*Today = our location is in MEST
Note
Running well so far. Be careful when we reach USD 121, before or after earnings. Might bounce there.Note
Anyone who has followed this idea should ensure that they can make purchases and sales in the afterhours. Otherwise, it is advisable to sell soon, as the trade is already well in the profit zone.Trade closed: target reached
There it is. What a move. GG bears
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