Nvidia (NVDA), even with its head and shoulders pattern, simply refuses to break below that all-important moving average and the support that goes along with it.
Nvidia (NVDA) is doing a solid job of holding support as well as the 200-day moving average. However testing the neckline yesterday, there's been some rejection in price, which could indicate there's more room for downside on the head and shoulders pattern. Ultimately the bulls are going to want to see the 6/30 highs broken
Nvidia (NVDA) is a pretty interesting chart here. Still in a pretty hard pullback that has recent found some short-term support off of the 50% retracement level. Before that, there was a decent bounce off of the 38.2% retracement, so there seems to be a lot of buyers watching these levels.
Nvidia (NVDA) has what is essentially a double top pattern, though the second top peaks just slightly lower than the first, the construction is still very similar to what you typically see.
Nvidia (NVDA) making a move finally, outside of its bull flag.
Checkout the bull flag forming on Nvidia (NVDA).
Advanced Micro Devices (AMD)Â rallying hard ahead of the Nvidia (NVDA) earnings after the bell, and breaking out of a bull flag, via gap higher.
The stock market has rallied hard in a short period of time, and that alone is not unusual. What stands out right now is what appears to be driving the move. This does not look like a broad, healthy advance led by widespread participation, steady earnings growth, or normal price discovery. Instead, the rally looks
Barely holding on to support, despite a continued rally in semis, this is a make or break moment for NVDA to bounce.
Pullback in Nvidia (NVDA)Â has the stock sitting on short-term support and potentially ready for the bounce.