Tuesday, February 20, 2024

Nvidia Reactions To Earnings Reports Over The Past Year (NVDA)

This little chart seems to imply that whatever is reported the stock will trade down. From ZeroHedge:

If only there were signs: Call options frenzy 

....4. Recent history of NVDA prints have been suggestive of more local top moments than break-out moments... 

https://tme2.nyc3.cdn.digitaloceanspaces.com/images/95528a1ca358acd94701f0114e443e99.png

....MUCH MORE

If that is the case the gaps on the chart at $661 (Feb. 2 jump) and then $630 (Feb. 1) would be possible targets. The breakout was at $505.

With an hour to the open the stock is changing hands pre-market at $718.30 -$7.83 (-1.08%)

Here's the chart (FinViz) that disappeared from our January 8 post Chartology: NVIDIA (NVDA)

Breakout:

https://finviz.com/publish/022024/NVDAd083670627i.png