Nvdia
$NVDIA testing the channel high $NVDIA is possibly reflecting the market conditions the best, it is reaching the long-term channel up high in a narrow range channel. We have 5 days till the next earnings announcement and the expectations are quite high. Fundamentally P/E ratio of the $NVDIA at the moment is almost 90. Someone would say that this is usual for a tech company but it should be quite rational to question the ability of the stock to outperform more as the technical bulls are expecting, this is not just a question only for this stock this is a question for the market in whole, not just this stock. I would look to short this kind of the market not to go long, or in other words those that were buying need to take their profit.
NvdiaAnalisa trend
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Jangka panjang = trend menaik
Jangka sederhana = trend menurun
Paras halangan utama
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Garisan trend atas USD284.70
Paras sokongan terhampir
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Dip 1 USD267.86 (no action)
Dip 2 USD251.60 (action)
Dip 3 USD238.00 (action)
Idea perdagagangan
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Kita ingin melihat harga mencuba paras support di DIP2.
Aggressive entri
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Buy ketika harga di zon DIP2 USD251.50
Conservative entri:
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Buy ketika harga di zon DIP2 USD237.00
Absolute SL
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USD220.00
TP level
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TP1 USD280
TP 2 USD300.00
Risk
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2%
Semoga bermanfaat.
Highlight
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Still-Bullish Morgan Stanley Tamps Down Expectations For Nvidia's Turing GPUs
Benzinga Wayne Duggan ,Benzinga•September 21, 2018
Nvidia shares fall after Morgan Stanley says the performance of its new gaming card is disappointing
CNBC Tae Kim ,CNBC•September 20, 2018
STM to rebound with new iphone?STM has been beaten down as Apple supplier for ASIC chips and new iphone release this fall should jump start this.
It's down 27% from high and await good entry.
Viewers come to own opine. The Cboe VIX which started to uptick yesterday from 10-11 to 14. Trade war with
China as another factor.
Nvidia and it's moving average spread. Pay a close attention. This stock is extremely pumped up. I will be very cautious and take profit at these levels if I were you. It's always not worth it to hold a stock hoping for extra 5% when the risk is getting higher. I believe greed itself will crash the share prices of Nvidia back to $70s over the next 12 months.