Seeing NVDA fall to south of 500 was not pretty, but it's gathered back up and resting above a good support zone of of 515-518, that I'm confident will hold if we have a further jitter.
With yesterday being a slightly ugly day for tech as a whole due to whatever reason can be deduced from the Fed/Yellen testimony, it briefly peaked above an important downtrend-line but ultimately closed below. I'm hoping today or later this week, we can see a successful burst through this line with a bullish retest. Then back to fighting with the 550 resistance that was sadly a short-lived breakout.
With yesterday being a slightly ugly day for tech as a whole due to whatever reason can be deduced from the Fed/Yellen testimony, it briefly peaked above an important downtrend-line but ultimately closed below. I'm hoping today or later this week, we can see a successful burst through this line with a bullish retest. Then back to fighting with the 550 resistance that was sadly a short-lived breakout.
Note
Fell through support but bounced off 200 day sma, which is one of my biggest buy-the-dip moments.Note
Rebounded perfectly off 200 day sma.
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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.