NVDA - Death Cross

SmartReversals
03-22

$NVIDIA(NVDA)$ - Death Cross: It happens when the 50-day MA falls below the 200-day MA as highlighted in the chart.

In addition, the 20-day MA has rejected any bounce attempt during the last two weeks. Only a break above 20DMA and $118.4 would give some hope for a bounce to $127.

Just a year ago NVDA was going to the moon!

Indeed, and it soared to $150, but gravity exists for consolidations.

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This is my analysis the other day：

NVDA shows a promising bounce, but next week will reveal if it can overcome the typical volatility at the 50 DMA, especially given its convergence with the 200 DMA. We'll see if it leads to a rejection, potentially filling the two highlighted gaps.➡️ Is this a lower high or a solid bounce?

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Comments

  • V1nc3
    03-23
    V1nc3

    Great article, would you like to share it?

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