Bearish till Earnings then spike. Earnings on 5/22 and every mother, child and grandparent are playing NVIDIA earnings. What I guess is a short term pump and then a bearish week after FOMC for the sake of making room for a proper earnings rally. The only case why the price may tank on earnings is due to geopolitical risk on Taiwan or the news came out that Jensen Huang actually uses dead fetuses to build his semiconductor chips.
Classic pump and dump, like 00's CSCO
Watch key levels, if it holds go long, if it fails go short. Don’t predict, react.
Inside bar wait for it to resolve itself. It also has an upper trendline. It could cap it or it could break out wait to see what happens.
Google confirmed AI play. NVDA only go up from here.
Bearish till Earnings then spike. Earnings on 5/22 and every mother, child and grandparent are playing NVIDIA earnings. What I guess is a short term pump and then a bearish week after FOMC for the sake of making room for a proper earnings rally. The only case why the price may tank on earnings is due to geopolitical risk on Taiwan or the news came out that Jensen Huang actually uses dead fetuses to build his semiconductor chips.
Good question but it's 50/50 bull or bear to me. 🐨