NVIDIA
بيع

Short $NVDA - Macro Play

195
Yep, I'm a contrarian. It is time to short NVDA.

Way overbought on RSI. Decreasing volume. Wicking candles... and, on top of that, I see some cyclicality here. We tend to see this with Nvidia since 2018 where the rallies are followed by a quick precipitious drop. The next cycle shift should start in January and should likely be a 6-month drawdown.

I'm betting we see the price back down to the mid-range EMA cloud and test a price range of $75 to $45. If you go short, just know that this is going to be a difficult one to hold through the journey given the focus on this stock.

That said, number can't go up forever.
ملاحظة
Slowly starting to play out.

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