Historically bounced on the 200 SMA 3 out of 4 times. Last time it breached 200 SMA but was brief and quick. This time the downside is similar to the other 3 times when there was a bounce on the 200 SMA. I hope that's the case this time as well. 5/20 Friday 2nd half of the trading day showed reversal similar to a bottoming scenario. It all depends on NVDA earnings next week where all eyes will be at the current qtr performance and then guidance that shows if China lockdown is impacting NVDA or not.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.