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Current NVIDIA Position: Even with +/- 10% volatility, it's within an ascending triangle (bullish), so it's not a problem.
Currently, it's just before a golden cross (20-day and 50-day moving averages crossing), but if it breaks below this channel, the upward momentum will be broken and the trend will reverse. In that case, NVIDIA's decline could drag down the semiconductor sector and impact the Nasdaq. Avoid buying more and wait out the storm. Summary of my thoughts:
1. Don't get excited about +/- 10% after earnings (it's still within the channel, following the trend).
2. The market is too harsh on NVIDIA... like scolding a 4.3 GPA student for not getting a 4.5. They were unfairly criticized for last earnings' 75% gross margin – what business achieves a 75% margin? Despite this incredible performance, the market uses forward PE ratios as a benchmark, showing overly strict standards. ㅠㅠ
3. Avoid blindly buying the dip if it crashes. This would suggest poor earnings, and a rebound the next day is highly unlikely.
I'm tired of the sideways trading since the second half of last year. I hope for a quantum leap in price.🙏🏻 Right now, the Nasdaq formed a double top and dropped, so it won't be easy for NVIDIA to break its previous high. But I want to believe NVIDIA is different. 😉
I'd like to hear other shareholders' plans too!
Tags: NVIDIA
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