NVDA at Crossroads: Break or Bounce?
$NVIDIA(NVDA)$ - Two Views:
Bears like the 50-DMA tested multiple times and likely to be breached, also the gap below Friday's candle, and the lower edge of the volume shelf resting at $168 as target.
Bulls see strength in the Stochastic crossover curling up from oversold territory and view the current volume shelf as an ideal launchpad for the next move.
Which thesis do you favor?
Stock chart for NVDA on daily timeframe displays candlestick price action with yellow 10-day moving average line overlaid on bars green shaded volume histogram below main price panel purple 20-day moving average orange 50-day moving average
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