After a double top Nvidia fell strongly and closed weekly candle under the 21 EMA for the first time in more than two years. If there will be retest and rejection by the moving average it can indicate that bears are in control and we will see further downward movement.
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Everything looks like our presumption was correct and after closing the gap we are headed downwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.