Goontata84

Goontata84 Updated 

I am only providing this perspective because if I was up big on NVDA over the extremely short period since Jan until May. Less than 6 months... 240%. If I were you and you were one of these people I am referring to I would take profits before the weekend because if this is not what everyone wants it to be, we will know for sure, early next week. You could always...

Goontata84

If you zoom out on the S & P 500, the measured moves and fibs line up fairly perfectly and in my opinion paints a more realistic picture as far as expectations for the market moving forward. It is hard for me to see this market going market going all that much higher at all. With blow off top type price action in names like NVDA and the recent price action in...

Goontata84

Tesla is at a critical level that has acted as both resistance and support in the past. At the moment it is straddling this price and it has not made up its mind which it will be. Until it gets above its current level and tests it as clear support, I will be leaning bearish. It does look like it could break out and flip the script though. It is definitely trying...

Goontata84

TSLA hit critical resistance at ~$208 today and immediately sold off, finishing the day just under at around ~$207. If it can get above this critical zone and flip ~$208 from resistance to support than we might have already seen the bottom on TSLA. Broader market trends do seem to be taking hold and a pullback is long over due at this point. A number of factors...

Goontata84

I think the greater market influences are starting to take control and we are seeing this rally start to break down. My price target for TSLA has always been roughly $60 - $90 and I have not seen a reason yet to change that. The AI/TECH mania we have been witnessing is starting to lose steam and eventually those late comers are going to look around and realise...

Goontata84

While doing some research for this chart I noticed this article titled: Noteworthy ETF Inflows: TLT. Being that the charts generally tell you what is going on before the news does, this made a lot of sense and what I would be expecting to see, given the broader economic conditions of the Earth realm. Looking at an inverted chart illustrates quite clearly, what...

Goontata84 Updated 

As far as crypto goes, Cardano is one of my favourite projects, not because it has had the most insane price action or is the most trendy or even has the best user experience... because it has none of those things... yet. I really appreciate the philosophy behind the project,specially in light of the FTX collapse and Terra Luna de-peg. They seem to understand...

Goontata84 Updated 

The confirmation I was looking for: \https://www.sec.gov/Archives/edgar/data/1045810/000104581023000095/nvidia-2023formsx3a.htm HUANG JEN HSUN President and CEO Dec 13 Option Exercise 4.00 237,500 950,000 7,782,991 Dec 14 06:29 PM HUANG JEN HSUN President and CEO Dec 08 Option Exercise 4.00 237,500 950,000 7,545,491 Dec 09 05:29 PM HUANG JEN HSUN President and...

Goontata84 Updated 

And don't think it won't get political at some point. With Pepe Officially labeled as a "Hate Symbol" by the FBI on behalf of the Left. I do not think it is a coincidence that this popped up when it did. With the Presidential Election right around the corner and the "Memetic Warfare" as it was coined, all centered around Pepe, during the 2016 Election, this is...

Goontata84

The after-hours price action on NVDA is a best case scenario imo. Put Option Premiums have dropped off a cliff, 33 times more aggressively than I had hoped we would see. With this kind of momentum, it could take a while for it to break down, so positioning into the fall or early 2024 is probably the smartest plan of action. But for the true gamblers out there,...

Goontata84

The importance and relevance of chips and their relationship with Artificial Intelligence is not lost on me but with geopolitical tensions on the rise, Government "Chips Acts" enacted around the world and economic conditions tightening in the shadow of the pandemic, I think it is going to take time. The next months and couple years could be incredibly volatile...

Goontata84

The importance and relevance of chips and their relationship with Artificial Intelligence is not lost on me but with geopolitical tensions on the rise, Government "Chips Acts" enacted around the world and economic conditions tightening in the shadow of the pandemic, I think it is going to take time. The next months and couple years could be incredibly volatile...

Goontata84

With Ban on Micron, China Escalates Microchip Clash With U.S. A Chinese government block on Micron Technology’s memory chips marks how far apart the two economic powers are drifting on tech policy. This is something that cannot be ignored, especially in light of the recent unhinged rallies for NVDA, AMD.

Goontata84

Was trying to find the comment that suggested the .886 fib retracement because as of right now, they are right on the money. I believe we could have seen the top but I am not ignorant to the fact the this rally has a lot of steam behind it and we could see a rally that prints a new ATH. Even if that happens it does not change my analysis because my time horizon is...

Goontata84 Updated 

I pulled up an inverted chart of NVDA because it provides me with a perspective that forces me to set my bullish or bearish bias aside and look at the chart for what it truly is. I think the chart speaks for its self because downside targets are completely justifiable, assuming it revisits its golden zone price range and we can clearly see a double bottom trend...

Goontata84

I see the same type of price action playing out in NVDA right now as we saw in BTC summer of 2021, it made a high and went into a steep sell off follow by another rally that actually made a new high, although not by much and once that rally lost its steam it was followed by the major sell off we saw in crypto s a whole. So NVDA does not need to necessarily make...

Goontata84

In spite of bullish sentiment, I see a rising wedge bear flag pattern and a measured move with a downside target of ~$72 which is a drop of approximately 40%.

Goontata84

Looking at Disneys percentage pullbacks, the most recent downtrend was over 70%, which tells me its most aggressive downward price action could have already played out. It could get much worse or have a period of sideways action. After looking at shorter time frames it kind of made me reconsider how much downside was still in store for it. It'll be interesting...