NVDA Bounce Tests 20DMA Resistance
My latest deep dive publication, analyzing three key companies, was posted last night. Here are some points from the $NVIDIA(NVDA)$ analysis:
"...Most of the bearish move could be in for NVDA."
"...the rally is backed by revenue, operating income, and cash doubling this year."
"...$176.7 is likely to be visited, but the confluence with the volume profile suggests that a bounce from there is possible."
Today, the bullish case is getting traction, the bounce from the lower Bollinger band has reached its first natural destination: the 20DMA, a rejection is likely, but the volume shelf is setting an interesting launchpad.
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