NVDA will break out before earnings are here. If you want to get those sweet gains, buy in from now. A last dip to 520 might occur, it might now. Better be safe than sorry and lock in at 540 from now.
This is a 2-3 month play maybe 4 month play depending on what NVDA announces during their earnings. If they announce an acquisition, the high price on earnings will dip back to 550 from 600 by wallstreetbets and others before being bought all the way to 680 over the next few months by more clever and opportune traders.
tldr:
This is a 2-3 month play maybe 4 month play depending on what NVDA announces during their earnings. If they announce an acquisition, the high price on earnings will dip back to 550 from 600 by wallstreetbets and others before being bought all the way to 680 over the next few months by more clever and opportune traders.
tldr:
1) Run to 600 for earnings
2) Good earnings = Dip and quick run to 680 or more.
2) Bad earnings = Dip and slow run to 680 or more over months.
Breakouts happen from 2 days up to 1 and a half month before earnings depending on how known a company is. For NVDA, i think we're about to start seeing the price run up in expectation to the earnings all the way up to the earnings date. You can buy now and sell before earnings for easy money.
Buying from now and holding post earnings is riskier and could wipe what you earned or double it.
Take your pick on what to do.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.