$NVIDIA (NVDA.US)$ this is my thought process.. when earning...
$NVIDIA (NVDA.US)$ this is my thought process.. when earnings was out, institutions exit together causing a plunge in pricing. most buybacks in my opinion is by retailers. the resistance band was 130. now away from 130 is barely only 14 15 dollars. I can say that institutions won't be satisfied with that mere short profits.
typically sp500 falls between 7 to 15 percent in month of September. now we are all time high, I could clearly see the volume isn't sustainable. if it falls around 7 to 10 percent, I would see nvdia will experience a great fall but not lower than 90. (still higher than previous low). any rallies would be later of the year in my opinion thus reaching the analysts said ratings. just to add... megacaps are all showing possible bearish signals altogther.
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Sg Lion : The analyst's opinion is very valuable.
James G Matthews : If NVDA does not fall during September do you think a greater fall will occurr during October? Or do you think if it sustains its current price or goes up a little it will go up more in October?
Magin justin : You’re always so helpful; I appreciate your insight
pootpoot OP James G Matthews : its unpredictable, but i would play by the season.. september is well known a losing month for bulls. so for me, i play with the season. no one will know how the market will react to the upcoming rate cuts.