ChrisPtaco_32

NVDA - Holding at Support

NASDAQ:NVDA   NVIDIA
Nvidia had a perfect bounce off of the 50 day MA which was also the 61.8 fib level from the last time it tapped the lower trendline. As of right now, this still looks pretty good to me and could potentially setup a nice risk/reward trade in the near future. If it breaks the lower trendline, I will be looking for a deeper pullback and will have to watch price action closely to determine where it settles at.
Penafian

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