Slope of Hope Charts & Technical Analysis for Short Sellers

Slope of Hope Charts & Technical Analysis for Short Sellers

Semiconductors Shaky

NVDA and AMD are resuming their weakness

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Slope of Hope
Aug 14, 2024
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It's heartening to see a solid red screen for a change, as it appears to be dawning on folks that the cavalry isn't coming. Semiconductors, a crucial element for this broken bull market, are beginning to show signs of weakness. Nvidia has executed a quintet of Lower Highs, with a hard stop being the price gap I've highlighted.

For my own portfolio, I acq…

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