Nvidia Swing Trading

٢٢ مايو ٢٠٢٠

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

٢٢ مايو ٢٠٢٠

ملاحظة

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).