NVDA technicals show resilience (support at 21-day MA, favorable volume) despite post-earnings pullback; bullish conviction requires clearing MACD signal line.

the big news on Wednesday, Nvidia came out with their numbers and despite posting very strong results, the stock did pull back.

Now, when we talked about Nvidia and the fact that they did report Wednesday after the close, we did initially see a gap up in response. However, today's 4 and 1/2% pullback erased that and then some.

We are currently finding support at the 21-day simple moving average. We got more volume on Thursday's buying than today's pullback. So, two certainly bright spots there, but again that MACD black line up through the red will provide conviction in Nvidia here.

Yesterday, we did have a cup with handle base breakout, but we have pulled back from that.