NVDA: The bounce anticipated last weekend played out as expected
$NVIDIA(NVDA)$ : The bounce anticipated last weekend played out as expected. The combination of an indecisive candle below the Bollinger Band, the Stochastic indicator curling up from the oversold zone, and support from the volume shelf all pointed to this move.
How sustainable is the bounce? After the weakness observed on Thursday and Friday, the unfilled gap below may act as a magnet for the price. The 20DMA must hold as support next week; otherwise, this bounce may have just been a lower high.
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