20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
NVIDIA Corporation (NASDAQ:NVDA) shares are trading lower by 2.98% to $165.17 Tuesday afternoon. Shares of technology companies at large are trading lower amid overall market weakness as traders assess Walmart's earnings results and anticipate a large number of earnings reports this week, along with an FOMC meeting on Wednesday. Ongoing inflation and monetary policy tightening concerns have weighed on the economic outlook.
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Nvidia shares were also trading lower during Monday's trading session after Barclays analyst Blayne Curtis on Monday maintained Nvidia with an Overweight, but lowered its price target from $295 to $200.
The broader market, including market indexes, are also lower after Walmart cut its second-quarter and FY23 guidance amid rising inflation, which has caused broader concerns over economic health and consumer spending. Traders and investors continue to weigh economic data and the possibility of a recession.
According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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