Strong sell signal NVIDIA

Discussion in 'Stocks' started by Nighthawk, Jun 7, 2024.

  1. upload_2024-6-7_19-5-0.png

    Hit the sell button.....
     
  2. p0box4

    p0box4

    Betting against NVDA at this stage, certainly just because of how a candle looks, doesn't seems like the smart thing to do.

    How much shares are you short?
     
  3. mervyn

    mervyn

    nvda revenue is 1/3 of apple, but market cap exceeds aapl, someone got to give.
     
  4. p0box4

    p0box4

    Sure, but the question is when and what?

    The markets can stay irrational for longer than you can stay solvent.

    Taking a candlestick as a reason to short doesn't seem like the smartest move, in my opinion, especially in a stock that has been going up and up like NVDA.
     
    Last edited: Jun 7, 2024
    Cam12, nbbo, Snuskpelle and 1 other person like this.
  5. rb7

    rb7

    What's your target date to exit?

    What's your stop loss?

    How much are you in?
     
    athlonmank8, p0box4 and jys78 like this.
  6. SunTrader

    SunTrader

    AAPL net margin 26%
    NVDA net margin 56%

    Yes something gotta give, and seems in the process of doing it. NVDA passing AAPL like it is standing still
     
  7. mervyn

    mervyn

    margin for now, nvda's ai gpu flying off the shell but what about the retail 4090. tsm can only make so many chips per month.
     
  8. SunTrader

    SunTrader

    Maybe you predict the future. I can't.

    The numbers, currently, are the numbers.

    Volume numbers and percentages IMO say we are not at a top yet:-

    ! NVDA vol pcts.png

    Time for the weekend.
     
  9. mervyn

    mervyn

    that's the point, my entry price wasn't even on your chart-:) what makes them so special?
     
  10. Last edited: Jun 7, 2024
    #10     Jun 7, 2024