We have an objective add-on (or new short gunslinger/aggressive short entry) to Friday’s starter short on this breakdown below the 2024 uptrend line just before NVDA reports tonight (either cover before the report or hold your nose & shoot for the post-earnings crash. Previous (Friday’s) daily & updated 60-minute charts below.
NVDA daily Feb 16th
NVDA 60m Feb 20th
Should the stock (and the market with it) crater after NVDA reports tonight, I will post an update with some of the longer-term swing & trend targets that I’ve covered in recently videos. Once again, this should be considered an very aggressive trade (if holding into earnings after the close today) so DYODD & pass if this does not mesh with your risk-tolerance, trading style, objectives, or outlook for this over-owned & over-loved AI poster child.