How will Nvidia perform? Pre-Earnings Analysis
@hhjsyndrome:
Eh, everyone! This week is going to be super exciting with $NVIDIA Corp(NVDA)$ announcing their earnings! Let’s kaypoh and see what the charts and options are hinting about the stock price, can? First, let’s take a look at the charts. You see, the stock has been going sideways in the 800 to 950 zone I mentioned last time in my previous article on Nvidia. The stock price briefly said hi to 950 before coming back down. But ah, we’re trading above the 50-day moving average, so it looks like we’re still a bit “ai zai” and bullish on Nvidia. Next, let’s dive into the options market and see where the market expects Nvidia to be. We see a put-call ratio of 0.72, which means the market is leaning a bit bullish. And check out thos