NVDA Testing EMA20 – Buyers Defending the Trend?
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NVDA is testing the EMA20 after a strong bull trend.
In strong trends, the first pullback to the EMA often attracts buyers and can lead to another leg up.
Bulls will want to defend this area and create follow-through buying.
Failure to hold above the EMA20 would increase the probability of a developing trading range rather than immediate trend continuation.
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