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NVIDIA - Bears, This Is Your ChanceIn a previous post on NVIDIA following its earnings gap all time high, I posited that a bearish three drives was a real possibility, which would involve the stock actually going down and then driving up a few more times in accordance with the overall market topping: NVIDIA - A Scenario Few Are Considering. Few. Few. Few. That never panned out, and instead what we're looking at instead, as you can tell with all the insider selling, is a very likely bump and run reversal. But distribution patterns take a very long time to manifest, and one of the biggest tells with NVIDIA is despite it going from $366 to $440, it really has never targeted the sell side, not even rebalancing the original gap. As far as this company goes... well, when you come across something like this whose CEO is a Taiwanese dude prancing around in a leather jacket for every photo op while it's trading like a Chinese Communist Party pump and dump, a number of red flags beyond the 250x P/E it's trading at should emerge. Companies and their officers who have connections to the CCP are very dangerous, for the geopolitical situation is tense. Much is at stake right now with Mainland China and whether or not Xi Jinping is intelligent enough to get rid of the Party. If Xi can't get rid of the Party, then the International Rules Based Order will do it for him and will go to install their own people from Taiwan in the Mainland. Xi always has the option to weaponize the 24-year persecution of Falun Gong, started by the Jiang Zemin faction that's rooted in Shanghai, to take down the Party and defend China from the groups that wish to invade. Live organ harvesting isn't a sin that can survive public scrutiny, really. None of this is healthy for the markets, and if you're long on stocks at the top, some of them aren't coming back. The indexes might come back, but many companies definitely go to zero and will be replaced by a future generation. When you look at NVIDIA on the monthly, does this look like somewhere that you want to go long? A monthly "gap" like this will certainly always be filled, and it just happens to be right around the actual level we're looking to target. The weekly bars are severely ranged compressed, which tells us that a big move is coming I have a call on that Nasdaq that we're about to get a pretty violent and serious correction, but that it will really be a bear trap: Nasdaq - The Great Bear Trap You might feel right now that stocks ONLY GO UPPY. But considering you're in a bear market and these things have been mooning for like an entire quarter right now, you might want to check that notion before that notion wrecks you. The problem with NVIDIA going and making a new high right now is it's failed to do so twice. Friday's end of the day was a big rejection on everything Nasdaq. And this is a time when price stopped just 1.8% short of the high. So what it was really doing was covering the old range, and taking stops over the most subordinate high to the all time high. Another big tell is the SOXS and SOXL 3x leverage semiconductor ETFs are simultaneously setup on weekly and daily candles to breakout/retrace, and both started to do that in sync on the Friday dump. NVIDIA is the top component of the index underlying the ETF at roughly 9%. The most obvious place for it to retrace to to start taking out sell stops is the $395 gap. But this is only 5% at this point and not very scary. Meanwhile, all the bulls and all the bears start selling on a break of $366, because Discord and Reddit told them to and some books and guru videos told them to "because confirmation." Once the gap is finally balanced, I believe that Nasdaq is going to rip to something like 16,000 before we're done, and NVIDIA will actually finish its lifespan with a 5-handle. So for bears: here's your opportunity. But you better have realistic expectations. For bulls: here's your opportunity. But you better have patience in buying the dip, and you'll find you "made a lot of money getting out of the market too early." And for bulls and bears: stay away from ponzi companies and social distance from the CCP and all the Marxist-Leninist and atheist things. If you don't, you'll face more than the liquidation of your brokerage accounts, to say the very least.
NASDAQ:NVDAShort
by LordWrymouth
159
IONQ | InformativeNYSE:IONQ Fundamental Analysis for IONQ: IONQ is a leading quantum computing company that specializes in trapped-ion technology. Quantum computing is a highly promising field with immense potential for groundbreaking technological advancements. IONQ has become a key player, attracting significant investments and partnerships from renowned organizations. IONQ's unique trapped-ion technology offers advantages in terms of stability and scalability, differentiating it from competitors. The company went public through a SPAC merger, providing additional capital and increased market exposure. However, it is important to note that the quantum computing industry is still in its early stages, and commercial applications are yet to be fully realized. The industry faces technical challenges and intensifying competition. In summary, while IONQ exhibits promise as a quantum computing company, investors should consider the risks and uncertainties associated with the industry's nascent stage. Monitoring technological advancements, market adoption, and partnerships will be crucial in assessing its long-term growth potential. Technical Analysis for IONQ: Based on the support and resistance levels, if IONQ breaks above the bullish line of 9.91$, it may indicate a bullish signal and potential upward price movement. In this scenario, the first target price (TP1) could be set at 10.50$, while the second target price (TP2) could be set at 11.13$. On the other hand, if IONQ breaks down below the bearish line of 9$, it may suggest a bearish signal and potential downward price movement. In this case, the first target price (TP1) could be set at 7.12$, and the second target price (TP2) could be set at 6$.
NYSE:IONQ
by shkspr
IONQ, 1 Hr, Butterfly Harmonic ShapeIONQ , 1hr, Butterfly Harmonic Shape ---------------------Disclaimer ---------------------- I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NYSE:IONQLong
by adhamdallou
1