Seeing NVDA fall to south of 500 was not pretty, but it's gathered back up and resting above a good support zone of of 515-518, that I'm confident will hold if we have a further jitter.
With yesterday being a slightly ugly day for tech as a whole due to whatever reason can be deduced from the Fed/Yellen testimony, it briefly peaked above an important downtrend-line but ultimately closed below. I'm hoping today or later this week, we can see a successful burst through this line with a bullish retest. Then back to fighting with the 550 resistance that was sadly a short-lived breakout.
With yesterday being a slightly ugly day for tech as a whole due to whatever reason can be deduced from the Fed/Yellen testimony, it briefly peaked above an important downtrend-line but ultimately closed below. I'm hoping today or later this week, we can see a successful burst through this line with a bullish retest. Then back to fighting with the 550 resistance that was sadly a short-lived breakout.
Comment:
Fell through support but bounced off 200 day sma, which is one of my biggest buy-the-dip moments.
Comment:
Rebounded perfectly off 200 day sma.
