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Rate Of Return$NVIDIA(NVDA.US)- Doji at support
Last week, I mentioned 190 as critical support and how important it is to note how price reacts there.
Price came to within a whisker of that on Friday and reached a low of 191.22 on Friday. Two important supports cluster there - the daily 200MA and an AVWAP.
Friday’s price action formed a doji just above them and premarket price indicates a green open and a rebound at hand. Price needs to rebound strongly from here and preferably with volume and a mini 5 wave pattern for a sustainable bounce. A green candle and strong closing above Friday’s high of 195.55 would constitute a morning star and give the bulls hope.
@Bridge Buzz SG
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