NVDA: Bearish Divergence at PCZ of Bearish Shark: Selling Calls

15 juin 2023

We have some Bearish Divergence on NVDA after reaching the PCZ of a 4 Hour Bearish Shark; if we get some serious followthrough I could see it going down to $400 or even all the way down to about $350

I will be selling multi-week calls around the strike of $425 and $435

23 juin 2023

Note

NVDA has formed a Bearish consolidation within the Pattern Completion Zone in the form of a Right-angled and Ascending Broadening Formation and has confirmed two Partial Rises in the process. We should now expect the Bearish Mark-Down on NVDA to begin at speed.