Hey all,
I've been making plenty of posts lately about possible bounce plays into the end of July, one of which was NVDA; noticeably to me, NVDA is the only name that hasn't held up well since I've made said posts. Looking back at NVDA's chart, I'm still very confident it has a strong bounce into the end of July-especially considering market conditions, NVDA's oversold state into a strong support zone, and its history of strong bounces ahead of future legs down. HOWEVER, I'm no longer confident it sees the low 210's anytime soon as I previously predicted; my conservative, revised price target would be the low-180's. Should NVDA see the low 210's in July/August, I still believe it would be a generational shorting opportunity.
Note- though I do own some NVDA at a cost basis of 153.61/share in anticipation of a bounce, I am trying my best to provide objective advice to help you all navigate the markets
I've been making plenty of posts lately about possible bounce plays into the end of July, one of which was NVDA; noticeably to me, NVDA is the only name that hasn't held up well since I've made said posts. Looking back at NVDA's chart, I'm still very confident it has a strong bounce into the end of July-especially considering market conditions, NVDA's oversold state into a strong support zone, and its history of strong bounces ahead of future legs down. HOWEVER, I'm no longer confident it sees the low 210's anytime soon as I previously predicted; my conservative, revised price target would be the low-180's. Should NVDA see the low 210's in July/August, I still believe it would be a generational shorting opportunity.
Note- though I do own some NVDA at a cost basis of 153.61/share in anticipation of a bounce, I am trying my best to provide objective advice to help you all navigate the markets
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。