NVDA Trap Risk, $MU Correction, $ENPH Bull Signal While $SPY Eyes 660 Resistance

AfraSimon
04-01

1. $NVIDIA(NVDA)$

$NVDA had a strong bounce today.

I sold all my shares last month and I am not touching it yet.

Here is why I think this bounce is a trap and why $140 is still on the table.

Plus exactly what needs to happen for me to turn bullish again.

2. $Micron Technology(MU)$

Called the $MU top last month

Down over 30% since.

Now the real question is when do you buy it back.

Not every pullback is a buying opportunity.

3. $Enphase Energy(ENPH)$

$ENPH just triggered a bull cycle alert. 🔔

This signal fires rarely.

When it does 50% of the time price rallies 100% to 400% over the next one to two years.

I started a position today.

4. $SPDR S&P 500 ETF Trust(SPY)$

$SPY is up to start the session.

As always, we stick to the system.

Best case scenario is a push back to around $660 where old support could flip into resistance and trigger a rejection.

As long as the monthly BX stays red I expect price to continue selling off toward the $620 to $600 range.

A single headline can change the pace of that move at any time so we stick to the process.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment