Technicians Classic ~ NVDA moving average suportNVIDIA CorporationBATS:NVDAVaulTradeousNews here, news there, it seems like every week we get NVDA news. So it's hard to find a major catalyst in the news cycle. What are they not doing is the real question. Anyways, the technical setup is juicy. With news flow backing future profits for the company thanks to deals with intel for example. We have a perfect setup of a Daily moving test, the 50sma to be exact. Which is the green colored dashed line on my charts. The rest of the story lies in some lower timeframe setups from my perspective. The Green and red colored candles are actually representing high volume profiles, or "vpoc nodes." These are simply outsized orders that obviously helped to move the market in the past. Now, as of last weeks trading action, we have some candles that are opening up underwater. If we don't make it back into profit for those sellers quickly,(under $203 and the 50dma) then they will be buying. Setting the chart up for a potential short squeeze.