Earlier, I highlighted a bearish view on
$NVIDIA (NVDA.US)$ in this analysis here, noting:
– The 21-day SMA crossed below the 55-day SMA, signaling weakness.
– Price followed a downtrend, forming lower highs and lower lows.
– Selling pressure increased, with drops occurring on higher volume.
– Resistance was around $145-$150, while key support was at $110-$115.
– Reposting my chart earlier; the identified support has been reached. Did you get the trade? ...