pick your side
$NVIDIA (NVDA.US)$ it is time to pick your side soon... breakthrough for bulls or the bears
personally.. i think there would be a correction (still standing by my views since last month) but not as serious as august. why? well... president election is about almost 1 month away from now. so as per diagram.. we can see usually when its closer on average, the prices slightly correct. but whats different this year is that, we have a 50bp cut before the election. there are some geopolitical issues, wars, portstrike, hurricane (jobless claims next month is probably increasing, but i think the estimates will be higher too) so will things be different? maybe.
but given that november and december are usually winning months, usually there is a rally after election and xmas. so if its already breaking thru now.. wow. isnt nvda going to be like 200 dollars? just dont make too much sense to me especially theres already a long bullrun ahead since 2023. so not financial advise
but i will prepare to buy the dip . just speculation... entertainment read only.
personally.. i think there would be a correction (still standing by my views since last month) but not as serious as august. why? well... president election is about almost 1 month away from now. so as per diagram.. we can see usually when its closer on average, the prices slightly correct. but whats different this year is that, we have a 50bp cut before the election. there are some geopolitical issues, wars, portstrike, hurricane (jobless claims next month is probably increasing, but i think the estimates will be higher too) so will things be different? maybe.
but given that november and december are usually winning months, usually there is a rally after election and xmas. so if its already breaking thru now.. wow. isnt nvda going to be like 200 dollars? just dont make too much sense to me especially theres already a long bullrun ahead since 2023. so not financial advise
but i will prepare to buy the dip . just speculation... entertainment read only.
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芒果味 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Waters warm : Good read
芒果味 : Just for readers' reference
Junius Falcon : FOMO idea : small to big buys on the way down to where you expect the hard bottom is
pootpoot OP Junius Falcon : well.. where do u think it is? hahahahah![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Junius Falcon pootpoot OP : You already have half of the answers, you can try something like this (not updated)!
Master Corgi : 124-116 is the correction already hahaha
104456395 : is now 118 at dip level?