NVDA had a great reaction to earnings and I don't think the move is done yet.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
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NVDA needs a close over $865 to see continuation. Let's see if we can get it in the next few days
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So far, so good.
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Let's goo. I think we hit the target by Wednesday.
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Okay, getting a strong bounce here. We would have to have a giant move today for tomorrow to be the top. Let's see.
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Nice strong move into close. I agree with @tomden1 that Wednesday and Friday are the two possibilities for the high.
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Would be good to get a close over $900. Still holding my calls for Friday expiry, taking a big risk not selling here, but sticking with my conviction.
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Definitely a chance that this target doesn't get hit until towards the end of this month.
Unless we get a 5-10% move tomorrow, this is the most likely outcome.
Unless we get a 5-10% move tomorrow, this is the most likely outcome.
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I did forget that there is a PPI print in the morning. That could be a catalyst to send it higher (or it could also be negative).
IMO chart looks good. Higher lows on LTF RSIs, I still lean bullish. However, I have taken some profit as it's risky to hold to expiration w/ time decay.
IMO chart looks good. Higher lows on LTF RSIs, I still lean bullish. However, I have taken some profit as it's risky to hold to expiration w/ time decay.
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Took more profit, have a feeling we go down tomorrow and then higher into the end of the month. Want to sit on cash incase.
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Liquidated all of my calls other than some $1100 calls incase we make a big move. Otherwise, I think there's risk of a move down to $825. If we get down there, I want to rebuy $1000, $1050 for the end of the month.
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Glad I sold my calls yesterday. Still think we get down to $825 or lower, but I think we might pump first.
I think we see a bottom sometime next week around the fed meeting before the last leg higher.
I think we see a bottom sometime next week around the fed meeting before the last leg higher.
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I think this is the pump... now we should get the fade.
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Took some puts that expire next week w/ a strike at $885. Think the target is $817 from here. If we get down there, that's when I'll want to flip into the $1000, 1050C for April.
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Breakdown happening now. Let's see if we can get down to the target by Thursday
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Looks like it'll happen early next week instead. Let's see.
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Looking at the chart, what would make sense is one more retest of $965 area first before $817.
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So likely up to start the week and if price can't break through resistance at $965-970, then it's likely to set up a deeper pullback to $817 region before a new high.
