$NVDA
Added 2024-11-21 10:36:56 +0000 UTC$NVDA released their earnings and it was again solid and strong, they may have lost their wow factor slightly after reporting blockbuster reports for the last 18 months but nevertheless, they had a healthy earnings.....and did not show any signs of reduced spending from other Tech companies, they also appeared to absorb the $SMCI order dilemma without any issue too.
Looking at the chart again we see no issues, a simple retest of the $141 line right now in the PM but many will just see red.
Red tells you very little, holding support in the PM tells you a lot more.
If $NVDA can stay at or above this $141 line today then the bulls have the upper hand to move this higher, breaking down will show weakness and we will need to see how the 50 Day MA just below is managed.
