Short NVIDIA!!!

Short NVIDIA!!!

I've been short on $NVIDIA Corp(NVDA)$ Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490.

I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch.

The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning.

Targets:
T1- $406
T2 - $373
T3 $326 ($373 & $326 would fill the gap)
Target 3 - $263
Target 4 - $203

At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.

Is NVDA a good buy or goodbye after chip export curbs?

Due to export curbs on the A800 and H800 chips, Nvidia fell 8% in the past two days. ------------- How will the chip export curbs affect Nvidia's financials? Does Nvidia enter the buying zone? Have you bottomed Nvidia yesterday? At what price will you buy Nvidia?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning.<br><br>Targets:<br>T1- $406<br>T2 - $373<br>T3 $326 ($373 &amp; $326 would fill the gap)<br>Target 3 - $263<br>Target 4 - $203<br><br>At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.</p></body></html>","htmlText":"<html><head></head><body><h2 id=\"id_3881711125\" style=\"text-align: center;\">Short NVIDIA!!!</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1bfd72c08a67a574059f7dd49b0e5d4e\" tg-width=\"2966\" tg-height=\"1176\"></p><p>I've been short on <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> <v-v data-views=\"0\"></v-v>Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490.<br><br>I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch.<br><br>The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning.<br><br>Targets:<br>T1- $406<br>T2 - $373<br>T3 $326 ($373 &amp; $326 would fill the gap)<br>Target 3 - $263<br>Target 4 - $203<br><br>At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.</p></body></html>","text":"Short NVIDIA!!! I've been short on $NVIDIA Corp(NVDA)$ Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490. I have two trend lines on this chart, the first is the short term trend which broke a couple days ago and the second is the main one to watch. The main trend starts from Jan 06 2023, this trend has held well and is drawn on the daily time frame. Last time we came back to revisit this trend it bounced and pushed back towards 480. Now we are back at this trend and on the hourly we have broken through, we have not yet broken it on the daily which is our main timeframe to watch the trend on. Breaking in on the hourly I believe is an early indication of what's to come. When we break this on the Daily timeframe I believe Nvidia will head towards sub $400, at this level the bears will take over and I can't see Bulls fighting back and winning. Targets: T1- $406 T2 - $373 T3 $326 ($373 & $326 would fill the gap) Target 3 - $263 Target 4 - $203 At Target 2 Stop Losses will be placed in profit and will attempt to ride Nvidia down as far as I can.","highlighted":1,"essential":2,"paper":2,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/231818120028160","repostId":0,"isVote":1,"tweetType":1,"viewCount":345,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":877,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/231818120028160"}