Tomorrow maybe a big day.
it started to forming a symmetric triangle.
I think it will shoot up sometime soon.
![Tomorrow maybe a big day.](https://sgsnsimg.moomoo.com/sns_client_feed/152375282/20240813/cb9c00074a15a7b8ec610dc51cbd8a86.jpg?area=102&is_public=true)
looking at a slightly bigger picture, it is aceding triangle.
![Tomorrow maybe a big day.](https://sgsnsimg.moomoo.com/sns_client_feed/152375282/20240813/808d3f06a0640c191639074133d3945c.jpg/big?area=102&is_public=true)
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10baggerbamm : it's Iran Israel that's at front and center that's going to determine price movement and then the economic number at 8:30 tomorrow morning and they can have a significant effect either one or both could make this go down into the 28 29 range very quickly. applied materials is later this week they're going to have a significant effect based off of their Outlook but the 800 lb gorilla is on the 28th of the month. and it really comes down to I I have no question that Nvidia has exceeded the quarter yet again however if Blackwell is delayed and they can't fix the problem from a design standpoint because the roomer is that its running hot. should this result in the delay of 3 months that's being chatted about that will result in forward guidance being reduced it has to it's common sense 100% if you have a product delay I think everybody can agree forward guidance must come down.. and because this would be for a product that supposedly going to be released in the fourth quarter that's going to be delayed it's probably going to be delayed and effect first quarter sales as well so you're talking about a two quarter revision downward. and this will sink Nvidia stock and it will sink this basket of stocks. so if you're going to hold through the 28th you might want to buy a put as a hedge and out of the money put because you will not have a chance to sell after Nvidia makes an announcement of a delay in a revised earnings downward it will just get down 10% 15% immediately as Nvidia says that this basket will be down at least 10 15% maybe more.
ひな☆彡 SOXL OP 10baggerbamm : Thanks for your input again…!!! I guess I could put 28-29 Put expiring 2-3wks? I understand there are many factors which can bring this down… I just acquired bit more capitals and hoping to risk hedge them…
10baggerbamm ひな☆彡 SOXL OP : I'm going out a week at a time selling puts so last week I sold a boatload of them and did quite well this week I sold some 28s and I'll be selling some 30s this morning probably another 50 contracts I know it's going to have profit taking at some point it's inevitable and the catalysts are all in front of us a bad economic print or Iran retaliating and it gets a little bit out of control if they overwhelm Israel's iron dome you're going to see a lot of damage and a lot of deaths and Israel's not going to sit by they're going to ramp up their attack and their not going to listen to biden and harris tell them don't because Israel's fighting for their Nation their country their people and they have enough weapons to wipe Iran off the face of the fucking Earth.. an issue with Iran or a bad economic print and I'm going to get assigned stock I know it's inevitable I want to own it again I don't care what these bobbleheads on TV say buy every sector but the tech the fact of the matter is the tech or where money is made the tech companies are the richest companies they have little to no debt they are the future and I think a year from today we're going to be realistically high 50s low 60s again. so it needs to be part of anyone's portfolio that has an aggressive growth level of risk
ひな☆彡 SOXL OP 10baggerbamm : So true. I just hope no escalation of conflict regardless
ひな☆彡 SOXL OP : Going good right now before the day starts….
PleasegoUpp : Do you think it’s going to hold after pre market debating on selling
ひな☆彡 SOXL OP PleasegoUpp : Where did you enter? I think you can exit anytime, if you are short term trader and have like 10% profit
PleasegoUpp : 30.72
ひな☆彡 SOXL OP PleasegoUpp : You can put sell orders at 33.82. This maybe todays highest it can go, and you can get like 10%
PleasegoUpp :![+1 👍](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f44d.png)