Why I am not buying NvidiaHopefully, I won't get any Nvidia bulls to attack me on this post, haha. I guess not since I am not an influencer nor this post serves as any financial advice. Read it with a huge pinch of salt and more for entertainment purposes.
Go take a look at the monthly chart and you will see its parabolic 90 degrees move since 2022. Like an IPO price movements, such moves will not be sustainable and it has to retrace. Indeed, it does.
The first sign was the LH and LL price actions since it peaks at 150 price level. Next, March 2025, it falls through the bullish trend line. It attempts to recover on 14 March but was a bull trap and ends up with two more bearish candles.
Perhaps, it would fall to 98-100 price level to form a level of support before we see a possible recovery.
Please do not FOMO and follows the herd blindly. If you are willing to pay the price and follow the crowd, then have the guts to bear the consequences and not blame others if the price falls. Afterall, if they got it right and it shoots up 5-8%, you are not going to share the profits with the person posting it, right ? So, man up! Either you do your own due diligence and manage your own risk or follow selectively and always invest with money you can afford to lose.
If stock market or any asset class can make a person become a millionaire overnight ( am sure there are some) then why bother to go study and find a job ? The probability must be super low or those who made it super hype it to make it sounds too easy to lure you in with their magical indicators or masterclass courses. Think again. Are you enriching yourself or them?
