Don't expect NVDA support at the 20DMA
$NVIDIA(NVDA)$ : Such Bearish Engulfing Candles are followed by continuation; don't expect support at the 20DMA.
A technical bounce might occur on Tuesday, but the weekly Shooting Star is a serious signal.
Furthermore, a healthy pullback rarely lasts just one day, and the current volume shelf, which begins at $175, needs more consolidation.
Stock chart for NVDA displays daily candlestick view with yellow 10MA line, orange 20MA line, green 50MA line, red arrows marking bearish engulfing candles, green shaded areas indicating volume shelves, price levels from 170 to 220, and weekly inset chart showing shooting star pattern with green 20MA, red down arrows at key points like 196.62 and 175, bottom panel with volume bars.
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