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NVIDIA's stock fluctuated after earnings: Up or down next?
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Nvidia (NVDA)

.. $NVIDIA (NVDA.US)$ adds a shallow handle..
Nvidia (NVDA)
What we see here is a double top pattern that did successfully produce a bearish reversal. However, that bearish reversal has now morphed into a cup pattern that now develops a shallow handle. That moves the pivot from the left side apex of the cup ($136) to the right ($130).
Relative strength is still on the strong side, but leaning towards neutrality, while the stock's daily MACD remains modestly bullish in posture.
The stock has also experienced a bullish crossover of its 50-day SMA by its 21-day EMA.
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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