NVIDIA still has a lot of upside to $130, but the support for it is very weak now as there is a lack of bull volume.The pump is possibly manipulated by whales to create FOMO. This is because there are a lot of expectations for it to reach 130 and they are making use of it to pump and dump.
The other semiconductor stocks also have flunctuations but it is not as apparent as NVDA. If you take a look at AMD and AVGO, there are trading activities (related to news, iPhone, acquisitions) but not the clear blocks of pump and dump seen in NVDA. AMD's support is relatively stronger and more consistent than NVDA over the past few days. The clear blocks show the disparity between implied demand and actual demand: bulls are not buying back the stocks at the lows, which should be a gradual rise. instead, we saw a few deliberate pump points that quickly exited after the pump.
It might drop to 100-110 if whales withdraw, or might continue to see pump-and-dump between 114-118. Recommended to stay out of the sudden pump, and wait for clear gradual slope bull signals that it is strong at 120, and able to stay above 120. [Cool] [Cool] [Cool]
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