As I see it, over 90% of the time NVDA reaches 70+ RSI overbought level it makes a small correction. At times, this can be easy to miss, but assuming RSI is combined with other indicators/candles. This may be the basis of my strategy for big put plays moving forward. Take this with a grain of salt as I am a complete noob.
Unfortunately the chart has to be 15min to publish, but zooming in under 5-day 5 min chart, the trend is alot more obvious. I've been keeping an eye on it the last two weeks. NVDA may stay overbought for a short time but it always dips at least enough to bring a few pips from properly timed Options.
Unfortunately the chart has to be 15min to publish, but zooming in under 5-day 5 min chart, the trend is alot more obvious. I've been keeping an eye on it the last two weeks. NVDA may stay overbought for a short time but it always dips at least enough to bring a few pips from properly timed Options.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.