High Volume at NVDA at local high, to me indicating exit liquidity after q1 was over march 31st. 
NVDA is breaking down, past its former trend support line. Sitting at a key Supply zone. Bearish Divergence on the MACD. MACD crossing 0, heading down on 3 hour. MACD emas are crossing on the 1 Day at a local high. This stock is trading at a P/E of over 100 in a bear market on speculation of AI bullishness. While this is not unfounded, they have had lower earnings for the last few quarters. I think a lot of funds were buying this stock before the quarter was over, and are now dumping it at such a high P/E in a bear market. I anticipate a drop down to 250, the 220; but probably not lower unless the AI narrative changes to public regulation necessity.
NVDA is breaking down, past its former trend support line. Sitting at a key Supply zone. Bearish Divergence on the MACD. MACD crossing 0, heading down on 3 hour. MACD emas are crossing on the 1 Day at a local high. This stock is trading at a P/E of over 100 in a bear market on speculation of AI bullishness. While this is not unfounded, they have had lower earnings for the last few quarters. I think a lot of funds were buying this stock before the quarter was over, and are now dumping it at such a high P/E in a bear market. I anticipate a drop down to 250, the 220; but probably not lower unless the AI narrative changes to public regulation necessity. 
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。