NVDA: The indices may have closed the week suggesting bullish continuation
$NVIDIA(NVDA)$ : The indices may have closed the week suggesting bullish continuation, but Nvidia is not out of the woods; the series of lower highs in price, and candlesticks lacking of bullish conviction has been the constant during two weeks already.
The bearish crossover in moving averages is an additional reference of the weakness in price.
A break below key supports would send the price to $170, the lower edge of the volume shelf before a volume gap where the price could gain velocity if falling there. Risky setup.
A financial chart displaying Nvidia stock price movements over time. The chart includes candlestick patterns, moving averages labeled as 20 MA and 50 MA, and a volume histogram in green. A red circle highlights a specific price point, and a watermark with "SmartReversals" is visible.
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