Nvidia should you join before or after split?
Hello everyone! $NVIDIA Corp(NVDA)$
Looking at the charts, we see a super bullish trend above all the moving averages. Yesterday, we closed at an all-time high of $1224.40, nicely above the resistance line at $1200. But ah, to play it safe, let's wait one more day to see if we can still stay above $1200. Better safe than sorry, right?
Now, let's see the options market. We've got a put:call ratio of 0.66, which means things are looking quite bullish for Nvidia. Let's see how the week ends and where the next call walls will be. Maybe $1300?
So, after gathering information from both the charts and options, we see very positive bullish momentum. On the news front, Jensen Huang just announced the new Rubin architecture for the next generation of AI chips. Wah, things are just heating up!
Following the momentum, I think we are still on an uptrend, but who knows where this will lead us? Currently, the stock price is quite expensive and unstable, maybe due to speculation about prices after the stock split. If you want to gamble, you can join the party now, but it will be risky. Personally, I'll observe the price action after the split to see if things stabilize. If things continue to go up after the split, I might then do some trades.
What do you guys think? Share, like, and comment!
Modify on 2024-06-06 13:00
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I am guessing the power that be want to keep this around $1200 before split.