NVDA week of March 11

NVDA tanked on Friday and continued to tank after hours to the projected low targets for next week.

The HA setup shows that we should test below 852. Likely open gapped down.

I wouldn't short. As of now we will be opening already in the weekly short targets and if we gap down it will probably open below.

Immediate anticipation into Monday is a wick below 852,
Overall anticipation into next week is rangey to bullish up bias.

Overall bias on NVDA is long. This was just a punishment to the people who thought stocks go straight up ;).


Safe trades!

הערה:

Sorry I made a mistake, the level is 850 not 852.

הערה:

Was I right or was I right xD

הערה:

And targets hit!

Hope you all are having a great week!

הערה:

NVDA likely pulling back to the high 890s.
Look for a drop and reclaim of the red line above!

הערה:

NVDA seems to be topping here:

If we can relcaim that support line we may go up a bit, but overall it seems tired.

Its off my playlist at this point because I dont like shorting in an obnxious bull market but the readings, models and chart setup are all saying this is dead in the water.

Have a great rest of your week everyone!

הערה:

Oh wow,
NVDA managed to do it, it managed to break back over the trendline!
Let's see if it holds. The issue right now is that red box is the ARIMA forecast for NVDA and represents the 95% percentile range. Which means 95% chance we close below that red box :(.

But let's see! Miracles can happen haha.