NVDA Ascending Wedge
NVDA has been heading back towards ATH after a brief period of downside/chop. Now it has a pretty steep ascending wedge. I wouldn't bet on it breaking down, but if the reaction to CPI is bearish and NVDA breaks below this wedge it could be a great short. I just wouldn't use big size on NVDA and I might look to play a different semi, NVDA will pull those around.
If bullish tomorrow, it's probably just gonna break ATH soon and keep on rolling.
If bullish tomorrow, it's probably just gonna break ATH soon and keep on rolling.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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