We’ve broken through a support zone, which means the stock will keep falling for now! The next strong support level is at $150/$134!
Be prepared for this zone to be tested! Then the support should hold and the stock should rise again, assuming there isn’t any more bad news about Huang 😉
But let’s take a deep breath for now—I also have a relatively large NVIDIA position… but the company (no matter who the CEO is) is “too big to fail”! So I’m totally chill 😎
Be prepared for this zone to be tested! Then the support should hold and the stock should rise again, assuming there isn’t any more bad news about Huang 😉
But let’s take a deep breath for now—I also have a relatively large NVIDIA position… but the company (no matter who the CEO is) is “too big to fail”! So I’m totally chill 😎
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@BavarianLion I hope the class gets back on track soon, haha
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•@Ned-Flanders If my buy-in weren't €118 and my position weren't already full, I'd be buying in big time right now! NVIDIA is still the market leader, demand is huge, and AI is practically still in its infancy… I definitely see potential there 💪🚀
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•@BavarianLion I hope you're right; I'm going to HODL.
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@BavarianLion I see the support zone more around 164, at the March lows.
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@Lumimyrsky It broke through that level and dropped! According to my calculations, the next support level is at €134! At least that's how I've plotted it, but it doesn't matter to me anyway because I'm not going to buy more!
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@BavarianLion Well, I don't know what you're seeing that I'm not, but based on the chart, we're still $2 away from the support level.
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•@Lumimyrsky Then I'll have to check again! I had a long day today, and maybe I just made a mistake 🙂
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•@BavarianLion Relax, my friend. But I'd be curious to know if I might have a similar perspective. Let me know how it goes.
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•@Lumimyrsky I checked again, and you're actually right! I probably mixed up the euro and the dollar at lunch today 🤪 I should definitely work less; building a company is more exhausting than I thought 😅
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@BavarianLion All right, then. Maybe you should just sell it and put the money into the company. 🤣 Can I ask what you're building?
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