“🚨 EXIT THE PUMP? Harvesting overbought spikes and Stalking the Kill Zones! 🎯”
NVDA trend is turning down with a sell signal at resistance; do not load up and consider hedging, though valuation is still cheap.
Nvidia has been on a rager as well. We do have that little sell signal which coincidentally this the all these boxes by the way stay the same to the support the resistance level.
This resistance level here, I'm going to draw a line across uh is exactly where the sell signal happened. So, we are still bumping up against a 228 Nvidia resistance. There will come a day when we'll break out and continue up.
We had that back here in May. Um we'll have it again in Q4. Maybe not for September. September is a rough month, but right now the trend is turning down and we have a sell signal.
So, I would not be loading up here. Maybe if you are a hedger, you may want to hedge some Nvidia, but Nvidia is still super cheap at these levels, too.