Shorting NVDA

mizzmo
2023-06-22

Shorting $NVIDIA Corp(NVDA)$

In a previous post while NVDA was at the 76 fib we said if it breaks up the upside target is typically the 127 fib hitting.

This has hit recently and we have some early bear action. Even if this is a real bull breakout we may retrace the previous rally. This could also be a fake out high, such as the BTC high.

Good value on the short here. Tight stops. Really good spot to be shorting call spreads I think.

source: tradingview

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