$NVDA A countertrend rebound! Is it still worth getting in now?
Sister Yue had already reminded everyone in the chatroom to watch for oversold opportunities in AI leaders while Nvidia was under pressure and pulling back! Still hesitating?
Today’s countertrend move in NVDA really exceeded expectations. While storage stocks were broadly weak, it turned positive against the trend. Seeing that bullish candle has tempted quite a few people, but many are also worried that buying in now could mean getting stuck at the top.
To reiterate my view: NVDA is a short-term play on an oversold rebound, but I don’t recommend blindly chasing it at the current price. A pullback would offer a better opportunity.
First, look at premarket fund flows. While a host of storage stocks were falling, NVDA showed independent strength, with short-term money crowding into AI hardware leaders. Cerebras’ breakout results lifted sentiment across the AI sector, but funds continued to flow out of crypto-related stocks, leaving the market sharply divided.
As for the news, the market is keeping a close eye on the hearing and the November 18 earnings report. Investors are positioning for a recovery ahead of the earnings release. But how sustainable this rebound is remains to be confirmed by trading volume in the days ahead.
If it can hold near 172 on a pullback, and buying volume picks up again, that could be a chance to enter for a second time!
#加密美股齐跌，下轮反弹的驱动力在哪？ #黄仁勋辞任CEO，英伟达战略走向受关注
As always, Sister Yue shares timely buy and sell points in the official chatroom every day. If you’re unsure which way to go, come join us in the official chatroom linked at the bottom of my profile!
Sister Yue had already reminded everyone in the chatroom to watch for oversold opportunities in AI leaders while Nvidia was under pressure and pulling back! Still hesitating?
Today’s countertrend move in NVDA really exceeded expectations. While storage stocks were broadly weak, it turned positive against the trend. Seeing that bullish candle has tempted quite a few people, but many are also worried that buying in now could mean getting stuck at the top.
To reiterate my view: NVDA is a short-term play on an oversold rebound, but I don’t recommend blindly chasing it at the current price. A pullback would offer a better opportunity.
First, look at premarket fund flows. While a host of storage stocks were falling, NVDA showed independent strength, with short-term money crowding into AI hardware leaders. Cerebras’ breakout results lifted sentiment across the AI sector, but funds continued to flow out of crypto-related stocks, leaving the market sharply divided.
As for the news, the market is keeping a close eye on the hearing and the November 18 earnings report. Investors are positioning for a recovery ahead of the earnings release. But how sustainable this rebound is remains to be confirmed by trading volume in the days ahead.
If it can hold near 172 on a pullback, and buying volume picks up again, that could be a chance to enter for a second time!
#加密美股齐跌，下轮反弹的驱动力在哪？ #黄仁勋辞任CEO，英伟达战略走向受关注
As always, Sister Yue shares timely buy and sell points in the official chatroom every day. If you’re unsure which way to go, come join us in the official chatroom linked at the bottom of my profile!
