NVIDIA
Short

NVDA - Why And When I Short Nvidia

514
Yes, NVDA is stretched.

Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern.

However, it's not a reason to play Lotto.
We better wait for facts.

What are the actual facts in the eyes of a TA?

a) Pendulum Swings give context
b) the daily chart reveals where price has a high potential to turn sour. It's when price is opening within the Pitchfork, where we will short it and ride down to the Center Line.
c) RSI gives context about a strong divergence and underpins the story.

So, no no need to rush here.
And if we miss it?

Then there's always another trade §8-)

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