NVDA had a great reaction to earnings and I don't think the move is done yet.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
Nota
NVDA needs a close over $865 to see continuation. Let's see if we can get it in the next few daysNota
So far, so good.Nota
Let's goo. I think we hit the target by Wednesday.Nota
Okay, getting a strong bounce here. We would have to have a giant move today for tomorrow to be the top. Let's see.Nota
Nice strong move into close. I agree with TomDen1 that Wednesday and Friday are the two possibilities for the high.Nota
Would be good to get a close over $900. Still holding my calls for Friday expiry, taking a big risk not selling here, but sticking with my conviction.Nota
Definitely a chance that this target doesn't get hit until towards the end of this month.Unless we get a 5-10% move tomorrow, this is the most likely outcome.
Nota
I did forget that there is a PPI print in the morning. That could be a catalyst to send it higher (or it could also be negative).IMO chart looks good. Higher lows on LTF RSIs, I still lean bullish. However, I have taken some profit as it's risky to hold to expiration w/ time decay.
Nota
Took more profit, have a feeling we go down tomorrow and then higher into the end of the month. Want to sit on cash incase.Nota
Liquidated all of my calls other than some $1100 calls incase we make a big move. Otherwise, I think there's risk of a move down to $825. If we get down there, I want to rebuy $1000, $1050 for the end of the month.Nota
Glad I sold my calls yesterday. Still think we get down to $825 or lower, but I think we might pump first. I think we see a bottom sometime next week around the fed meeting before the last leg higher.
Nota
I think this is the pump... now we should get the fade.Nota
Took some puts that expire next week w/ a strike at $885. Think the target is $817 from here. If we get down there, that's when I'll want to flip into the $1000, 1050C for April.Nota
Breakdown happening now. Let's see if we can get down to the target by ThursdayNota
Looks like it'll happen early next week instead. Let's see.Nota
Looking at the chart, what would make sense is one more retest of $965 area first before $817.Nota
So likely up to start the week and if price can't break through resistance at $965-970, then it's likely to set up a deeper pullback to $817 region before a new high.
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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.