The market is eagerly awaiting the latest quarterly results from NVIDIA. The share has exploded in recent months and many investors believe that a significant correction is overdue. Other traders have entered the market late and are speculating that NVIDIA will continue to rise. Despite the sharp rise in the share price, there are good reasons for further growth: compared to other big tech companies, the price/earnings ratio is relatively moderate. From a technical chart perspective, the upward trend is stable.
However, technical analysis calls for caution: there are clear bearish divergences in the OBV. However, we warn against over-interpreting these signals. Even if there is a correction, this does not necessarily mean that NVIDIA shares will fall dramatically in value. We also expect a temporary decline to the marked area. However, such a decline would be moderate and not the "big short" that many traders are hoping for. Yes, we are bearish on NVIDIA in the short term, but we see a stable long-term uptrend.
However, technical analysis calls for caution: there are clear bearish divergences in the OBV. However, we warn against over-interpreting these signals. Even if there is a correction, this does not necessarily mean that NVIDIA shares will fall dramatically in value. We also expect a temporary decline to the marked area. However, such a decline would be moderate and not the "big short" that many traders are hoping for. Yes, we are bearish on NVIDIA in the short term, but we see a stable long-term uptrend.
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Soooo... This was not too bad. Reached the target zone, then up 🔭