Key words from yesterday's NVDA update: "Take a close look at the chart below..." Again, look closely. the move down in all three of the previous post-earnings came in the days and weeks after earnings, of which, today is day #1. Below the daily chart is an hourly chart zeroing in on today's reversal. NVDA NVDA Hourly At what point can we bet on a 20% decline unfolding? If you answered "on a break of the upward sloping hourly trend channel," there is a job waiting for you as my heir apparent. Or, alternatively, simply initiate a put position as per the table below. NVDA July Puts Buy only on a break of the hourly trend channel, around the low $130's.
