NVIDIA (NVDA) BREAKING DOWN: WHAT TO DO NOW
Nvidia (NVDA) has broken below $19 this morning. The weakness seems to be driven by a downgrade by Goldman of the whole group. The next support is at $18.
We will maintain our short position. We will issue a QUICK ALERT to the subscribers of the ZYX SELL CHANGE ALERT when it is time to buy to cover the short position.
Very short term traders may consider selling short on bounces close to $20.
Those still holding long should consider exiting on bounces. The quantitative screen of the ZYX Change Method shows a fair value of Nvidia to be $18.… Please click here or the title below to read more.
March 10, 2011