NVDA - time to go short?

Discussion in 'Stocks' started by traderdani, Oct 30, 2006.

  1. Double top, RSI(7) not making new highs for a while now, volume going down slowly....
    Go short, or wait until there is a breakout below 31.3 or above 34.5 to decide the direction?
    Or do you clearly see it going up more?
  2. I still see this stock in a pretty strong uptrend. I can see it hitting 39-40 range. I wouldn't short it, but that's just me.
  3. I would short NVDIA along with THQI.
  4. Wouldn't short here, it's near support and with all-time high, means no resistance above, anything goes. Although near-term target is 36.5.

    <a href=http://torero.vecino.com/modules/newbb/viewtopic.php?topic_id=28&post_id=40&order=0&viewmode=flat&pid=0&forum=2#forumpost40><img src=http://torero.vecino.com/trading-charts/stocks-equities/newbie-trader-NVDA-daily-all-time-high-at-support.png></a>
  5. Banjo