Nvidia Swing Trading
Updated
Nvidia approaching top of rising wedge.
Rough estimates
Short at 400$
Stop loss 425$
Target 1 300$ RR 1:4
Target 2 250$ RR 1:6
Rough estimates
Short at 400$
Stop loss 425$
Target 1 300$ RR 1:4
Target 2 250$ RR 1:6
Note
Catalyst for wave 4 could be:- US - China trade war
- second coronavirus wave
- Simply a correction of 10-15% in SP500 (impliying a 20-30% drop in NVIDIA, as it is a high beta stock).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.