NVDA - A golden cross may take time
$NVIDIA(NVDA)$ At the moment of writing this analysis, the price action after hours jumped +5%, finding resistance at $140.9, which is the second weekly resistance zone calculated last Friday for this week.
That level matches the higher edge of the volume shelf highlighted by the red arrow. The price is set to open with a significant gap, and considering the latest bearish reversal candle, there are good odds for at least a partial fill for that gap.
Nevertheless, the context remains bullish considering the recent breakout of the bearish downtrend, and the price is consolidating the current volume shelf, which should act as a launchpad after a period of consolidation.
$132.6 remains as the key level to watch this week considering the confluence of the central weekly level and a monthly resistance that flipped to support on Monday.
The bullish crossover between 20 and 50 DMA is welcome by bulls in the chart, anyway there is still distance between the 50 and 200 DMA, a golden cross may take time.
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