Earnings coming soon for NVIDIA and now it’s extremely overbought
wondering if we will see this happen again whereby one week before earnings season, NVIDIA went down to 399 because everyone was cashing out and rebuying again.. the sell off happened within a 3 days when the price was at 450 - 470… down about 20 - 30 each day…
will this happen again?
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I ain’t any guru… i follow technicals and trend line of the market
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Maniac Fool : What is past is not representative of the future. Let’s see
OceansWave OP : That’s why I wonder hahahah… looking at the bullish trend it might break 500 before earnings.. but who knows…
Ultratech : I think with market looking high moodys a report timing is very suspect if nvidia brings market down a bit that doesn't mean anything since it'll push right back up at earnings.
protraderx : Two things: #1 - market makers made the last push to entice retails to buy at high, then dump it down i.e. manipulation; or #2 - market makers knew the earnings is going to shoot up above analysts' estimates in which the stock price will blast above 500 very very fast