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04-22

$NVIDIA Corp(NVDA)$ 

The stock experienced a breakdown from a head and shoulders/double top pattern. Friday's movement suggests a Wave 3 decline, indicating potential for a Wave 4 corrective bounce followed by further selling pressure. The current price stands at $762, with significant levels to watch at $740.88 (lower boundary) and $778.1 (upper boundary). Notably, breaching the $805 mark marked a substantial development.

Regrettably, while I'm not purchasing Nvidia directly, I'm maintaining exposure to the company through $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ 

In Nvidia's game, I may not play, but through its ETF, I'll let it sway.

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.

Comments

  • nomadic_m
    04-22
    nomadic_m
    me too small position in $GRANITESHARES 1.5X LONG NVDA DAILY ETF(NVDL)$. hang in there. add position when reach support
    • Barcode
      You too huh, I’m hangin! Thanks and may the force be with us 😊
  • Emotional Investor
    04-23
    Emotional Investor
    Another great post BC, keep forgetting to mention love your avatar. My nephew around the corner from me in Mangawhai is growing them, kiwi pineapples are insanely tasty
  • Barcode
    04-22
    Barcode
    Possible near term upside is potentially to $165-170 even with dead 🐱 bounce.
    • Barcode
      Thanks a bunch! Glad you're enjoying the posts & digging the avatar vibes. ❤️ my red 🍍 plants, a great focal point in my garden. Mangawhai is a sweet spot for some tropical treats (nephew onto a good thing). A family in Whangarei are growing pineapples commercially - ‘The Queen’ has an edible core.
  • Kelvink73
    04-22
    Kelvink73

    It's a good business, we could buy a bit and wait.

  • Barcode
    04-22
    Barcode
  • Barcode
    04-22
    Barcode
    Looks to be a dead cat bounce impending 😿
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