Oct. 15 at 4:14 PM
Last week,
$NVD formed a weekly Shooting Star, indicating a potential trend reversal after an extended upward move. Over the past three days,
$NVD has struggled to counteract the bearish implications of this pattern, and it seems to be leaning towards the downside.
Key levels to watch below are 152-148, which align with the rising 10-week Simple Moving Average (SMA) and a demand zone. This area may also be supported by the rising 20-week SMA. If the price does not hold in this range, the next support level to watch is at 140.