NVDA - One More Bounce Before Potential Drop!
Updated
I’m anticipating a bounce on 
NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s.
This is a critical juncture for me, so I’m opting to capitalize on the opportunity now.
NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s.This is a critical juncture for me, so I’m opting to capitalize on the opportunity now.
- The trade is set for this week.
Trade active
August CPI inflation seems to be aligning with a slightly below-target rate. The key event now is the FOMC meeting on September 17-18.
I’ll reduce my position here and keep the remainder invested toward the final target.
Trade active
Nice move today.
It should slow down after tomorrow, but overall, this was the bounce I was expecting.
Trade closed: target reached
Good enough. Just at the gap.
I’ll let the market move for the remainder of the week to position for FOMC week.
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