
NVIDIA (NVDA) has been experiencing significant market activity, with its stock closing just below its 50-day moving average recently. The stock has seen a 17% increase off Friday's lows but faces resistance at the 20-day moving average. Traders are closely watching whether NVDA will break above this level, which could indicate a continuation of its upward trend. Additionally, NVDA found support near 100, with potential resistance at 120. NVDA also reported a solid 77% gain after some good patience and conviction. Meanwhile, the Invesco QQQ Trust (QQQ) is also challenging its 20-day moving average, and a close above this level could signal further gains. QQQ put in a higher low so far on Monday, and a close above 486 soon would mark a higher high. Both NVDA and QQQ are currently within low volume nodes, suggesting potential near-term volatility.










$QQQ getting closer https://t.co/539pgfg85v
$NVDA continues to test the 20-day moving average today, a key level to watch as we seem to have put in an interim bottom in price for now. Buyers would want to see a decisively weekly move above, so today's close is important for trend watchers. Sellers would want a rejection. https://t.co/wu7GLKmUjN
$NVDA tested https://t.co/Cq4XgPBSDD