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Nvidia (NVDA) pulled back from its highs. That’s what a lot of traders are focusing on… but Charlie Moon doesn’t think the real story is the pullback.
He believes it’s what’s driving demand on the other side of it.
Jensen Huang recently made it clear that demand for Nvidia’s products is outpacing what they can currently produce.
While some traders see that as a warning sign, Charlie sees a setup.
Charlie appeared on the Schwab Network, where he broke down an example trade for NVDA, the news catalysts that caught his eye, and how he’d define his risk before the trade would even begin.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Charlie covers:
- Why he believes NVDA could lead the next market rebound
- The bullish options setup he would consider, and why he likes the timing
- What Jensen Huang’s demand comments could mean for the stock near term
- The SK Hynix partnership, and why Charlie sees it as a bullish catalyst
- The price level he’s watching as his line in the sand
