Nvidia keeps falling $NVDA 📉. I said yesterday that support on the daily chart was around 150. In the short term, I didn't recommend buying the dip around 180 during the day yesterday. A lot of people even said I was too pessimistic. As it turned out, it fell again last night, reaching our support around 150 before starting to rebound. Those who bought the dip around 180 yesterday during the day were probably trapped again.
The market sentiment indicators on the Plaza are still pretty accurate. Earlier, a bunch of influencers on the Plaza led their followers to buy the dip on Google $GOOGLB , and they got trapped. It has finally rebounded to their cost basis. Then they all bought the dip on Intel $INTC , and they're still stuck with it. Yesterday they led their followers to buy the dip on Nvidia at 180 again, so they're probably going to be stuck for a few more days. My view is still the same: Nvidia could be worth a short-term rebound play around 150.
Follow Brother Fei's strategy. Would Brother Fei ever lead you astray???
The market sentiment indicators on the Plaza are still pretty accurate. Earlier, a bunch of influencers on the Plaza led their followers to buy the dip on Google $GOOGLB , and they got trapped. It has finally rebounded to their cost basis. Then they all bought the dip on Intel $INTC , and they're still stuck with it. Yesterday they led their followers to buy the dip on Nvidia at 180 again, so they're probably going to be stuck for a few more days. My view is still the same: Nvidia could be worth a short-term rebound play around 150.
Follow Brother Fei's strategy. Would Brother Fei ever lead you astray???
