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Aug 3 at 07:05 AM
$NVIDIA(NVDA.US)
Its Nvidia time of the week! Let’s see how she is doing…
Last Monday, she dropped all the way from 208 to just above the 200D MA. Tuesday saw her touched the daily 200MA and Wednesday a drop below.
High beta tech recovered vigorously on Thursday but Nvidia hovered just barely above the 200MA support before pulling above to settle at 200.75.
I won’t really call the resulting weekly candle a hammer although it does resemble one. More like a rejection candle off critical support.
Results next week will be important. As of now, Nvidia looks lethargic.
@Captain's Treasure
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