Pullback to 271 support and bounced with strong volume. What I also notice was there was strong horizontal support around 43 on Nvda RSI. Yet there's still bearish divergence on NVdA RSI (See my RSI).
Tomorrow trendline support will be around 276 ,below that and we're headed back to 271.
A safe entry would be to see if NVDA can reclaim that 288 fibonacci resistance. Go long to 310 resistance. 310 will be tough to get through with the Fibonacci and trendline now in the same area. Watch for any resistance around the 21 EMA at 302.
This idea is just a back up plan incase tech does rally
Tomorrow trendline support will be around 276 ,below that and we're headed back to 271.
A safe entry would be to see if NVDA can reclaim that 288 fibonacci resistance. Go long to 310 resistance. 310 will be tough to get through with the Fibonacci and trendline now in the same area. Watch for any resistance around the 21 EMA at 302.
This idea is just a back up plan incase tech does rally
