Nvidia Trade Call: Short on Breakdown Below 193 with Targets at 180 and 152

2 months ago

Stocks with Josh

"193. If you're above 193, consider that that the bearish move is on hold and it's likely to run back up and test 200 and maybe even 210. It's if we get back above 193, I wouldn't want to be holding a short. If we fall back below 193 in the future, in my opinion, that'd be a great place to short it back to that neckline of 180. If 180 breaks, then obviously I'm calling 152. And at that point, it's going to depend a lot on what the overall macro of the market is."

The analyst provides a clear trade call on Nvidia (NVDA) suggesting a short position if the price falls below 193. The technical setup involves trigger levels; a breakdown below 193 is seen as a sell signal, with expected target zones at 180 and specifically 152 if the downside continues.

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