Seems to be breaking out of a long term and well-established wedge for a Wave III. extension. Like most other eminent tech names, this one is set for glory. Additional tailwinds include temporary sector rotation, other big-name software ER reports that could offer NVDA tertiary exposure and the fact that I've only seen a few companies that can run like NVDA on momentum.
Suggest 400 6/19 calls, they are still somewhat cheap given that there is no direct catalyst in sight. Would flip these around 410 as an initial gutshot price target.
Suggest 400 6/19 calls, they are still somewhat cheap given that there is no direct catalyst in sight. Would flip these around 410 as an initial gutshot price target.
Trade attivo:
1) The semiconductor news after hours is just lovely.
2) This actually Wave V, not Wave III extension
3) The bottom on May 27th doesn't actually overlap with the top of Wave I, so can confidently confirm this.
4) The only difference it makes is that the price movement will likely be smoother, simpler and more consistent than it would be as a Wave III.
2) This actually Wave V, not Wave III extension
3) The bottom on May 27th doesn't actually overlap with the top of Wave I, so can confidently confirm this.
4) The only difference it makes is that the price movement will likely be smoother, simpler and more consistent than it would be as a Wave III.
Trade attivo:
Would couple this play with a TSM long, as both seem to be doing just fine.
I mean, it's NVDA. Not going down so fast.
I mean, it's NVDA. Not going down so fast.
Trade attivo:
Keep holding, China deal or no China deal.
Trade attivo:
Either im seeing a touch of weakness, or I need to re-draw the trend lines. Probably the latter, but if this doesn't close above 80 tomorrow (assuming green day), then would consider taking some and then re-entering upon confirmation above the 80 level.
