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Feels like a classic pullback. Strong fundamentals and growth metrics persist, so I’m staying patient and letting the dip build a better base.
Record highs, record lows? Feels like a trap.
Market keeps chasing headlines and then punishes anyone who says 'wait.' $SOFI keeps smashing records while the stock bleeds, and the narrative flips faster than a meme stock. Feels like sentiment over substance again.
Trend’s intact: higher highs, volume expanding. If $500 holds, I’m leaning into NVDA until momentum flips.
NVDA at $500 sits near the 2023-24 highs, with 12-month volume ~15% above average and Q3 revenue growth ~30% YoY. But trailing P/E ~250x and free cash flow negative suggest this rally could unwind if guidance softens.
Honestly, I’m torn. The price is insane, but the tech keeps impressing. I feel excited, yet nervous about valuation and macro risks. Might hold a small position, not chase.
50-day at 0.30, RSI ~55; neutral bias.
Seen this movie: leverage plays spike, then liquidity dries up. I’d expect choppy days and a reset before any real trend.
I’m tempted to nibble, but I’m skeptical of the “easy entry” pitch. Slippage and spreads can eat gains fast.
