$NVDA
Added 2025-01-28 11:46:00 +0000 UTCYesterday was an historical and record breaking day, $NVDA lost $600 Billion in Market Cap in one violent swoop down.
Our plan (which we kept to) was to add on the 200 Day MA at $121 but we can see that the price flushed down further to $116.45 which was exactly at the 50 Week MA.
However the price has already recovered to $123 in the PM now, so I am happy we kept to our strategy and did not try and chase the bottom.
$NVDA is not out of the dark woods yet, today will be an important day for the bulls to show that this was a once off event yesterday and they are buying the dip, Retail certainly did add on the dip.
My thoughts: it will take weeks if not months to see the monetary effect of DeepSeek on chip orders and unless $META etc reduce their Capex spending, I think $NVDA will continue to hit targets this year
So I am planning for at least a relief bounce back up to $140....flipping that level back to support and our buy at $121 will be printing for us.
Today, I would be happy even with a hold on the $121 level.
