NVDA Tests $185 as AAPL Nears Oversold Bounce

SmartReversals
01-25

1. $NVIDIA(NVDA)$

NVDA finished the week with a lower high and a shooting star.

Tuesday’s selloff breached key moving averages. $185 is the key level to watch: a breach would validate the bearish star, while holding it could spark a bounce given the oversold oscillator highlighted.

2. $Apple(AAPL)$

Is the selloff a surprise? Not at all, overbought oscillators and indecisive candles warned.

The price has scaled down since. Today, we have indecisive candles and oversold oscillators.

Bulls will have a spike soon, the question is how sustainable it’ll be. Watching: $254.

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