Good evening, everyone! I’m the King of Bitter Melon!!
NVIDIA has gone crazy today, climbing from a low of 149.22 to around 171 now—a gain of 6.04% in a single day.
The reason for NVIDIA’s huge surge is actually simple: it fell because of the scandal involving Jensen Huang, which led to the board dismissing him from his position. It’s rising because Huang has confirmed that he’s stepping down as CEO. Just like that, NVIDIA’s key figure is leaving. When good news is priced in, it becomes bad news; when bad news is priced in, it becomes good news. Short sellers in the market will sell off their short positions, while bullish investors may make large purchases now that the bad news is out of the way.
Looking at NVIDIA’s chart, the MACD has formed a golden cross above the zero line, and the histogram bars are growing. The short-term trend really has turned stronger. Open interest fell by 15.8% in one day, which indicates that short positions are continuously being closed out. The long-short ratio is 3.81, with more long positions than short positions.
Trading suggestion:
$NVDA Consider entering long in batches if the price pulls back to around 166. If it falls below 158 again, that would confirm the rebound is over.
There are two more things to watch for with NVIDIA: its earnings report on November 17 and Jensen Huang’s congressional hearing on November 18. These two potential catalysts are coming one after the other, so be sure to pay attention.
That’s my outlook and trading suggestion for NVIDIA. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录 #美国加密ETF五日净流出14.8亿美元 $SPCX
NVIDIA has gone crazy today, climbing from a low of 149.22 to around 171 now—a gain of 6.04% in a single day.
The reason for NVIDIA’s huge surge is actually simple: it fell because of the scandal involving Jensen Huang, which led to the board dismissing him from his position. It’s rising because Huang has confirmed that he’s stepping down as CEO. Just like that, NVIDIA’s key figure is leaving. When good news is priced in, it becomes bad news; when bad news is priced in, it becomes good news. Short sellers in the market will sell off their short positions, while bullish investors may make large purchases now that the bad news is out of the way.
Looking at NVIDIA’s chart, the MACD has formed a golden cross above the zero line, and the histogram bars are growing. The short-term trend really has turned stronger. Open interest fell by 15.8% in one day, which indicates that short positions are continuously being closed out. The long-short ratio is 3.81, with more long positions than short positions.
Trading suggestion:
$NVDA Consider entering long in batches if the price pulls back to around 166. If it falls below 158 again, that would confirm the rebound is over.
There are two more things to watch for with NVIDIA: its earnings report on November 17 and Jensen Huang’s congressional hearing on November 18. These two potential catalysts are coming one after the other, so be sure to pay attention.
That’s my outlook and trading suggestion for NVIDIA. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录 #美国加密ETF五日净流出14.8亿美元 $SPCX
