Yes, NVDA is stretched.
Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern.
However, it's not a reason to play Lotto.
We better wait for facts.
What are the actual facts in the eyes of a TA?
a) Pendulum Swings give context
b) the daily chart reveals where price has a high potential to turn sour. It's when price is opening within the Pitchfork, where we will short it and ride down to the Center Line.
c) RSI gives context about a strong divergence and underpins the story.
So, no no need to rush here.
And if we miss it?
Then there's always another trade §8-)
Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern.
However, it's not a reason to play Lotto.
We better wait for facts.
What are the actual facts in the eyes of a TA?
a) Pendulum Swings give context
b) the daily chart reveals where price has a high potential to turn sour. It's when price is opening within the Pitchfork, where we will short it and ride down to the Center Line.
c) RSI gives context about a strong divergence and underpins the story.
So, no no need to rush here.
And if we miss it?
Then there's always another trade §8-)
🔱 FOLLOW & BOOST ME 🔱
✅ Learn to make money
✅ Earn while learning
🔱 All Freebies: howtochart.com/free4you
👉 Detailed Chart Analysis: youtube.com/@howtochart
✅ Learn to make money
✅ Earn while learning
🔱 All Freebies: howtochart.com/free4you
👉 Detailed Chart Analysis: youtube.com/@howtochart
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🔱 FOLLOW & BOOST ME 🔱
✅ Learn to make money
✅ Earn while learning
🔱 All Freebies: howtochart.com/free4you
👉 Detailed Chart Analysis: youtube.com/@howtochart
✅ Learn to make money
✅ Earn while learning
🔱 All Freebies: howtochart.com/free4you
👉 Detailed Chart Analysis: youtube.com/@howtochart
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
