simple chart of what I see

11 thg 4

Anyone who knows me know I like to make simple charts that get to the point. Nothing fancy. Just lots of lines. Anyway, I did a ghost feed so you can get an idea of where I think we go from here. I seriously doubt we see any big changes until earnings. Unless China gets their heads out of the you know what, we will trade like this for a little while. I do feel there is hoppe. If NVIDIA has strong earnings, it could be enough push it to new highs. I would use caution. You will see by my chart we started off with an ascending wedge, moved right into a descending wedge and now I feel we will rinse and repeat. All the while ultimately creating new highs and new lows. Anywhere you see horizontal lines is where I see resistance. And yes, I do still think we could drop below 100 again, so get your buy fingers ready :) Not financial advice! Just an old trader's ideas. If we break above 130 before now and earnings, consider it could be a nice ride up!!

22 thg 4

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Moving closer to my target bottom. I would say we are right on trach from what I was expecting.