$NVIDIA (NVDA.US)$ my prediction for the week, not financial...
$NVIDIA (NVDA.US)$ my prediction for the week, not financial advice.. just entertainment . there are several factors that i think that it would at least reach neckline 96-97. depending how bad datas can go, it might touch close to 200MA or touch 200ma (89-90).
later of the week to next week, i think that it would start rebounding in anticipation of FOMC between 106ish (120MA) to 115 max (below 50MA). (i don't think that with so much uncertainty it would reclaim 50MA and turn bullish right away, volume doesnt tells me that also, high call options 118, i think the book maker wont let it come true. hanging around mid value to me makes sense in anticipation of a hawkish or dovish cut.
what do you guys think ?
later of the week to next week, i think that it would start rebounding in anticipation of FOMC between 106ish (120MA) to 115 max (below 50MA). (i don't think that with so much uncertainty it would reclaim 50MA and turn bullish right away, volume doesnt tells me that also, high call options 118, i think the book maker wont let it come true. hanging around mid value to me makes sense in anticipation of a hawkish or dovish cut.
what do you guys think ?
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lucaspan : expert
Sg Lion : I think it will reach 130 this week. Because I didn't buy it.
lucaspan : but sis I think is a call for this week
pootpoot OP lucaspan : i would only buy a call after it touch neckline
R30R : I agree. A little less confidence for me in the uptrend on FOMC anticipation. But that’s only because I’m unable to trust the TA on the volatility lately. It could barcode 108-112 window until FOMC.
And I won’t be surprised if it did none of that - simply dropped to the 90s and held the 91.4 support (hopefully at least that doesn’t break).
Sg Lion R30R : So how much do you plan to buy?
pootpoot OP R30R : yes... clearly havent bottomed out.
lucaspan pootpoot OP : good as u look very good in option n u may retire n just trade will do
pootpoot OP Sg Lion : small positions only on the key levels. saving more for downturn if it happens.
R30R Sg Lion : My value for the stock was at 105. Picked some there. Have a very small order at August 5 low of 90+. I do have call options expiring Jan 2025 so definitely want to see this turn bullish sometime in Oct-Dec period.
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