Chip makers had a great year, AMD with about 700% from the past year - however, its time for AMD and NVDA to cool off.
With indexes at ATH's, geopolitics heating up - there is no doubt that after these huge gains, people will race to take profits.
While my AMD chart didn't make a clear shoulder, the H&S pattern is still there, and im still actively short. Meanwhile, NVDA looks like a much more clearer H&S pattern. Here it is with potential neckline and target
With indexes at ATH's, geopolitics heating up - there is no doubt that after these huge gains, people will race to take profits.
While my AMD chart didn't make a clear shoulder, the H&S pattern is still there, and im still actively short. Meanwhile, NVDA looks like a much more clearer H&S pattern. Here it is with potential neckline and target
Comment:
well that didnt work well did it folks.
