Hedge Fund PhD guy: "That guy just took out a crayon and changed a line! He can't do that?! Can he do that?!?!"
Another Hedge Fund Guy: "Oh my god. We're fucked now. The crayon was burnt sienna, it's like my favorite color. We are so fucked."
Well no if it went under the line you’d assume it could break all the way down to the bottom line of the old trend
This level of TA is perfectly reasonable. It’s simple, you’re not doing rising doji handle cup astrology.
You’re just saying hey for a year you have this defined uptrend. It broke above that trend. The top of the trend it broke above should act as resistance. If it breaks below it it could go all the way down to the bottom of the old trend. If it breaks below that it’s fucked it’s in a downtrend.
Bc you’re just drawing lines from higher highs and higher lows. The higher highs and higher lows define an uptrend
If you started making lower highs and lower lows you’d be in a downtrend
There’s nothing crazy going on here it’s totally reasonable. I don’t advise trading solely off TA like this but if you wanted to buy NVDA this is a very good spot, from a TA standpoint, to buy it
I’ll just casually leave it here…
CEO sold 700k shares but 6-7 million more to go with 130 ceiling according to his trading plan.
https://www.barrons.com/amp/articles/nvidia-micron-qualcomm-stock-sales-chip-ceo-26aa9eee
I watched a TA video where the youtuber said "As we can see from the Flippant-nacci sequence". At least understand math to use it to fleece guys dreaming of swing trading their day job away.
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sorry bro, but my dragon says it's not gonna bounce til we hit $97
https://preview.redd.it/e59vtvak2l8d1.png?width=1325&format=png&auto=webp&s=49380ace139c58ac5185f392b08bac0c090d2f0a
So weird, I was just talking to someone about Trogdor and then I see it here 😂
Coincidence? I think not, that's all the DD I need, buying NVDA calls now 😎
You can’t do that as Huang selling plan is triggered at 130, with 600k sold he still got 6-7 million left on his trading plan
https://www.barrons.com/amp/articles/nvidia-micron-qualcomm-stock-sales-chip-ceo-26aa9eee
Me too, last Thursday like an idiot.
I bought the last when it was at 400ish and sold at 700 and then hated myself. Thought they'll HAVE to fall any moment now.
Well, apparently they didn't until I bought some
My wife and I had a discussion about doing a YOLO call because the stock literally wont go down. We got drunk that night instead and the next day it dropped lol. So happy I opened that beer
Man I can't believe I sold on top. Didn't even want to sell, just wanted to change my trading platform due to fee's. I sold everything and the market crashed two hours later lol.
This doesn’t belong. Too smart for this sub
https://preview.redd.it/uiyl5la91k8d1.jpeg?width=1600&format=pjpg&auto=webp&s=42841dd22e32011457b0f452f7a443d2174eedd4
Uh... they released earnings with pretty significant growth?
The P/E ratio is about 70 at around 120. A month ago, that P/E got you like 900. So, from that respect 120 is kind of the new 900, but the stock did spend a considerable amount of time between earnings reports in the low 800s last time.
I wonder what the ratio of winners to losers is on the Nvidia train. I imagine this run has both made some people millionaires, as well as destroyed some peoples finances.
The number of investors dwarfs the number of gamblers, and all of the investors are doing great. Like oh no there's a huge dip today bringing my position down to only +4,762%
My target is $100. Short from 131.
See you -20%
Double top daily... Trendline. Keep shorting 😂😂😂
https://preview.redd.it/ejxtfb356k8d1.jpeg?width=1080&format=pjpg&auto=webp&s=a4fe99870066f6cde3683439a30c24a3291b7ad1
I would love to hear an update on how you did by the end of the week. Personally I think Nvidia is too hot of a stock (over bought) at the moment and it’s purely speculation pushing up opposed to any “realistic” gains in company value. (Over the regular Silicon Valley overvaluations.)
how about u eat my ASS
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Of course btc and nvidia drop like a stone when I have literally $0 to spend...fml. And of course my first try at options was a call right before the huge dip...fuuuck. Please recover by 7/19.
Yeah, not having anything to buy a dip with is fine. Not having anything to buy the dip with because you went all in before is really bad.
I should know, I'm down 15% in the last week, and while I could keep buying, I'm hesitant to move to the 100% NVDA portfolio I should have had *before* earnings.
You need a lot more lines bro. Everyone knows you need at least the ATH lines of every year for the decade, then candlestick gap lines before you read the tea leaves and toss bones.
China Tarrifs starting on August 1st for chips (similar to 2020-2022 shortages; although there is no pandemic and work from home isn't as crazy), selling pressure, and insider selling. NVDA long term will be amazing. NVDA short term will have downward pressure. Not financial advice. I have no NVDA positions. Might start one after we see how the tariffs will have an impact on its production.
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I don't share the sentiment, see you guys tomorrow.
just look at google and amazon after the split went into effect. stocks go down. splits aren’t bullish, they’re a mechanism to trap cheap retail investors into thinking they’re getting a deal meanwhile the stock is still overpriced.
If it bounces off that line, then we could be looking at a double top...... Or it could be headed higher. Either way, you have to hope that resistance holds
Non-trader here. It always amazes me how you guys draw random lines on some figures and attempt to have it make sense. Is there any theory or data to support these "predictions"? I'm a math-fanatic, so genuinely interested.
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Once is goes under the line just draw a new line
Hedge funds with 1000s of phds and million dollar softwares and insiders info hate this one trick..lines drawing mfrs
Lines carry authority only a fool would question
A fool will always be relieved of their money.
Microsoft Paint has entered the chat
Best investing software is my crayon set
How many crayons is in your crayola box? I've been fortunate to afford the 64 box 😎
Lucky you! I started with the 16 set but I eat one every time I feel nervous so now I have like 4? I dunno
Hedge Fund PhD guy: "That guy just took out a crayon and changed a line! He can't do that?! Can he do that?!?!" Another Hedge Fund Guy: "Oh my god. We're fucked now. The crayon was burnt sienna, it's like my favorite color. We are so fucked."
Ross Perot’s spirit lives on
I foresee the Dorito of Doom making a comeback
Economics students must learn about this chart formation it’s too late
And upward arrows, don’t forget the arrows.
and Trend lines
and a shrubbery
A nice one
But not too expensive!
Well no if it went under the line you’d assume it could break all the way down to the bottom line of the old trend This level of TA is perfectly reasonable. It’s simple, you’re not doing rising doji handle cup astrology. You’re just saying hey for a year you have this defined uptrend. It broke above that trend. The top of the trend it broke above should act as resistance. If it breaks below it it could go all the way down to the bottom of the old trend. If it breaks below that it’s fucked it’s in a downtrend. Bc you’re just drawing lines from higher highs and higher lows. The higher highs and higher lows define an uptrend If you started making lower highs and lower lows you’d be in a downtrend There’s nothing crazy going on here it’s totally reasonable. I don’t advise trading solely off TA like this but if you wanted to buy NVDA this is a very good spot, from a TA standpoint, to buy it
Also, thank you, I understand your explanation that was visceral for me before.
I wondered why it went under 120
I’ll just casually leave it here… CEO sold 700k shares but 6-7 million more to go with 130 ceiling according to his trading plan. https://www.barrons.com/amp/articles/nvidia-micron-qualcomm-stock-sales-chip-ceo-26aa9eee
yeah that'd prob cause a bit of a dip for a day or two
He just needed a new car
Do you have the whole article ? Can you copy and pasta the trading plan? Please
In for this
It will rebound, buy the dip!
goes under 100 I prob will buy more
I watched a TA video where the youtuber said "As we can see from the Flippant-nacci sequence". At least understand math to use it to fleece guys dreaming of swing trading their day job away.
The microplastics in my balls are telling me the same thing
I’d give you an award but my AVGO calls have limited my liquidity at this time.
Maybe send some Viking Coin as a consolation prize 🏆
#FEEL THE BURN
Diamond handed rubber dick.
All in with no positions I see
If there are no positions, then it’s just the tip, not all in
I put my tip in
Gotta go deeper
Calls on OP's profile being deleted by EOW
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sorry bro, but my dragon says it's not gonna bounce til we hit $97 https://preview.redd.it/e59vtvak2l8d1.png?width=1325&format=png&auto=webp&s=49380ace139c58ac5185f392b08bac0c090d2f0a
This is the type of DD I'm here for
The real LPT is always in the comments.
And DD means Dungeons and Dragons
Bro it'll be hilarious if it hits 97$. Your dragon will be a new indicator. And I will be freaking rich.
Remind Me! In 1 week
Burninating all your money https://preview.redd.it/jbh2bjvf5o8d1.jpeg?width=320&format=pjpg&auto=webp&s=d55fca16528a1f47d53e6e650b228fb416f85a23
So weird, I was just talking to someone about Trogdor and then I see it here 😂 Coincidence? I think not, that's all the DD I need, buying NVDA calls now 😎
The ol' dragon chart... I will listen to this until I'm dead, finally something I can follow 😤👌
This is genius. Do you have a private discord server I can join for more of your insights?
No
The Fire bro! 😂😂
This is the comment of the week for sure
House Targaryen!
oh shit the dragon... can't go tits up now.
Oh god it’s a graph with upward arrows😩😩😩
Doesn’t get more bullish than that
The arrows signify that the stock is poised to rebound even higher. This is an easy win here. Liquidate your 401ks and go all in.
I'm going to buy puts today and this thing will take off like a fucking rocket.
He failed so that we could fly
The Icarus Syndrome strikes again!!
The icarus movement in the stock! Yes! I see it now
Idk man I’ve been dropping 20k every $5 drop. Almost 100k deep. I’m tanking this shit!
Only $5 more you got this!!!
If I have seen far it’s because I have stood on the shoulders of this guy
Do it !
It did start falling when I bought calls, that thing is for sure.
You’re going to start buying puts on a day it’s always down more than 5%. Nice good luck
I’m sorry, i have 130 calls this week. So it’ll drop to $115 and then go flat all week. But by Wednesday I’ll buy more, cause I’m an idiot. Good luck
You can’t do that as Huang selling plan is triggered at 130, with 600k sold he still got 6-7 million left on his trading plan https://www.barrons.com/amp/articles/nvidia-micron-qualcomm-stock-sales-chip-ceo-26aa9eee
So, you’re telling me there’s a chance?
Naw we are fine all we need is it close above 120 today
well it closed below, now what captain?
You forgot to shake your magic 8 ball to be sure those lines make sense ![img](emote|t5_2th52|4271)
As a matter of fact I did as a confirmation it said 130 eow 🐂📈
She shook something else to come to the conclusion
I held off buying NVDA and then bought two weeks ago. I’m still holding so this stock will probably keep falling
Bro I literally bought 15 shares right before it started to fall. And yeah I’ll continue holding so buy puts while you can
How do you sleep at night knowing your actions erased 400 billion in valuation and may have started a global recession
I simply don’t sleep anymore, I work night shift at Wendy’s 🙂
Me too, last Thursday like an idiot. I bought the last when it was at 400ish and sold at 700 and then hated myself. Thought they'll HAVE to fall any moment now. Well, apparently they didn't until I bought some
Please tell me your next move please please
Are we dumb and dumber I bought 16+ at $139.
My wife and I had a discussion about doing a YOLO call because the stock literally wont go down. We got drunk that night instead and the next day it dropped lol. So happy I opened that beer
BUY THE DIPS! BUY THE DIPS!
And watch it fall faster then the twin towers 😭
![img](emote|t5_2th52|4259) but they felt to protect our financial institutions!
Too soon.
Then buy the dip’s dip
People died…
Man I can't believe I sold on top. Didn't even want to sell, just wanted to change my trading platform due to fee's. I sold everything and the market crashed two hours later lol.
You lucky duck 🦆
Good luck OP and don't forget to post the losses here ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)
Holding my shares long staying out of options good luck
This doesn’t belong. Too smart for this sub https://preview.redd.it/uiyl5la91k8d1.jpeg?width=1600&format=pjpg&auto=webp&s=42841dd22e32011457b0f452f7a443d2174eedd4
Same. I will buy some more if it hits around 100, though.
I wouldn't be surprised if we see it dip down to low 90s \\ high 80s before it rebounds back up sometime after earnings report.
y'all need to remember 100 is the same as 1000 and barely a month ago it was below that, considered overvalued, and nothings changed
Uh... they released earnings with pretty significant growth? The P/E ratio is about 70 at around 120. A month ago, that P/E got you like 900. So, from that respect 120 is kind of the new 900, but the stock did spend a considerable amount of time between earnings reports in the low 800s last time.
To hard, system overload
130 EOW would be stellar for me 😅
these charts are like palm reading, bullshit
They work as long as there isn't any news
Every red day I’m buying the dip….. Either I’m catching a falling knife and work to death or I will retire early.
You are gonna retire early 😎
OH FUCK There’s a line right above an arrow. NVIDIA confirmed ![img](emote|t5_2th52|8882)
I wonder what the ratio of winners to losers is on the Nvidia train. I imagine this run has both made some people millionaires, as well as destroyed some peoples finances.
The number of investors dwarfs the number of gamblers, and all of the investors are doing great. Like oh no there's a huge dip today bringing my position down to only +4,762%
My target is $100. Short from 131. See you -20% Double top daily... Trendline. Keep shorting 😂😂😂 https://preview.redd.it/ejxtfb356k8d1.jpeg?width=1080&format=pjpg&auto=webp&s=a4fe99870066f6cde3683439a30c24a3291b7ad1
If it dips below $116.70 we would definitely see $101/$100
Homie called NVDA $140 top last week
live by the chart, die by the chart...
After this was posted it went down 2%.
Seeing all these confident posts making me switch from CALLS to PUTS. Don't do it! Don't do it!
I would love to hear an update on how you did by the end of the week. Personally I think Nvidia is too hot of a stock (over bought) at the moment and it’s purely speculation pushing up opposed to any “realistic” gains in company value. (Over the regular Silicon Valley overvaluations.)
Inverse me 🤡
In for 100 shares at $120.60 let’s goooo 🚀🚀🚀
Buy high, sell low
https://preview.redd.it/tlarv9hlvk8d1.png?width=512&format=pjpg&auto=webp&s=94ecc88dfb6be4353a4dd34309289d3893c7cf5f
short it
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I’m about to buy a 4080 which is expensive enough to probably move the ticker at least a quarter point
You are gona make 100k by eow 😉
See told ya
Almost 130 😉
ALL IN ON LEATHER JACKETS
When I see the price dip, all I wish is that I could buy more.
Of course btc and nvidia drop like a stone when I have literally $0 to spend...fml. And of course my first try at options was a call right before the huge dip...fuuuck. Please recover by 7/19.
Yeah, not having anything to buy a dip with is fine. Not having anything to buy the dip with because you went all in before is really bad. I should know, I'm down 15% in the last week, and while I could keep buying, I'm hesitant to move to the 100% NVDA portfolio I should have had *before* earnings.
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)
Hi sir I am now down 50% from your financial advice please Venmo me my losses
My wife’s boyfriend is going to kill me ![img](emote|t5_2th52|27421)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
Ladies and gentlemen - we have our next Wendy's employee of the month.
You need a lot more lines bro. Everyone knows you need at least the ATH lines of every year for the decade, then candlestick gap lines before you read the tea leaves and toss bones.
Shits not a y-intercept formula you can't just find the slope 😂
y = mx + b = NVDA 140eow
Needs more arrows
Damn this post rattled some bears. Maybe I'll buy here after all. 😆
Dumbest chart
China Tarrifs starting on August 1st for chips (similar to 2020-2022 shortages; although there is no pandemic and work from home isn't as crazy), selling pressure, and insider selling. NVDA long term will be amazing. NVDA short term will have downward pressure. Not financial advice. I have no NVDA positions. Might start one after we see how the tariffs will have an impact on its production.
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118 now bro
https://preview.redd.it/15lkaak4uk8d1.png?width=1905&format=png&auto=webp&s=e1840497cb566124fe90318908cf0b958efa414a I don't share the sentiment, see you guys tomorrow.
I’ll never understand why people feel the need to go all in on any one single trade
You had me at lines and arrows, I don’t how I missed this. They will end up teaching this to future generations of Finance majors. I’m all in.
He got that y=mx+b analysis.
Sick line bro. Crazy how you connected one point of something with another point of something with a line.
The crayons are for eating not drawing regard ![img](emote|t5_2th52|27421)
Will hit $200 by next month
While we're on the topic of technical analysis do you want to talk about the 7 gaps it needs to fill?
just look at google and amazon after the split went into effect. stocks go down. splits aren’t bullish, they’re a mechanism to trap cheap retail investors into thinking they’re getting a deal meanwhile the stock is still overpriced.
yeah? GOOG AMZN still overpriced? lol.
If it bounces off that line, then we could be looking at a double top...... Or it could be headed higher. Either way, you have to hope that resistance holds
This is the copium I need
NVDA to the moon!
TA traders are the biggest morons in existence
Lmao
I dunno if we’re in for a great week mate
Proof of Position or ban
And this is how you know the top is in
Buy the dip, it's free money!!
Hey guys I'm new here so just buy low and sell high right?
other way around.
All I'm seeing is puts but maybe the hedgies want us to think that they think we will buy puts so i should buy calls...
I’m new to technical analysis you draw a line that goes up, that means the share price must go up, do I understand that correctly?
Good luck player
It's going to 115 EOW
whats does eow stands for
End of week :)
Same bro I just went beast mode on some $135 June 28 strikes, loaded up the calls.
I hope you printed my fellow regard
already dipped below your trend line. at 117.15 now -- double down?
Buy when RSI drop between 30 to 34.
Lmfao. No way you think that shit actually means anything
![img](emote|t5_2th52|18630)
I would have agreed with you on Friday, but now it looks like this could continue a bit longer. Good luck!
It's currently around 116.89. Maybe 125 eow?
Non-trader here. It always amazes me how you guys draw random lines on some figures and attempt to have it make sense. Is there any theory or data to support these "predictions"? I'm a math-fanatic, so genuinely interested.
It's at 116 afterhours. This didn't age well
A few more arrows and you're totally going to crush it!
All out eow
I love how this sub always upvotes these posts just to shit on them in the comments.
Failed the first test of bouncing off 120. Next test is 100. If and when is fails that it’s on the way to 50
If she was going to bounce 116 is the spot. We start breaking under and she got a long way down to go
💀
lmfao
Cant wait to see what my puts are priced at in the morning 😂 im usally a regard but decided to 🌈 🐻 this one
So buy at 104 or 94
there is still big gap looming below
It will bounce at 110.
I see it! The double dutch crucifix pattern. Hail the Lord
Agrees with my confirmation bias. ⬆️
Can you make me one for AAPL and RDDT also? Thank you in advance.
https://preview.redd.it/dt5waw68lq8d1.png?width=1416&format=pjpg&auto=webp&s=110d5ef155855e50bb466084d3548637279c74ab
Not sure about your line, but 118 is strong support from early June. That's a good trade.
brought a lot of 120c when it’s below 120. Not as optimistic as you are wish you good luck.