Broader US stock indices are higher but within MA levels. Nvidia rebounds after 7 days of declines
In the video above, I take a closer look at the technical picture for Nvidia ahead of its earnings release after the closing bell tomorrow. Nvidia shares are trading higher today after buyers leaned against the key 100-day moving average yesterday and pushed the price back to the upside.That rebound was an encouraging sign for buyers, but the short-term technical picture remains more neutral. The price is currently trading between its 100- and 200-hour moving averages.
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