NVDA shows a promising bounce
$NVIDIA(NVDA)$ 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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$VanEck Semiconductor ETF(SMH)$ rebounded from the lower Bollinger Band, a move that typically leads to a rally towards the 20DMA (A) or the upper Bollinger Band (B). The overbought oscillator has anticipated the end of previous bounces. Which target will it reach this time?
A reversal candle and overbought oscillator will tell.
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