NVDA - MAKE OR BREAK:
$NVIDIA(NVDA)$ - MAKE OR BREAK:
With the price oversold and a hammer candle printed at the lower Bollinger band, a bounce seems imminent. Can it recover the 50DMA? It must!. ⚠️Failure to do so could lead to a significant fall between the volume shelves (Black arrow).
When zooming out as presented in the Weekly Compass, the 10 Weekly Average acted as resistance, and the weekly candle looks in risk off mode.
Make or break - Key levels must be recovered.
$NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Advanced Micro Devices(AMD)$
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