NVIDIA - It was one of the most awaited earnings for this season. Stock gave a big gap up only to close lower and fill the intraday gap it had created.
Stock never made a new day high post opening higher. It clearly reflected how markets were positioned going into the earnings. Follow up buying was missing.
Now if we look at the daily chart in isolation, there is a big -ve candle at range high with higher volumes. Stock will become bullish only post crossing the high of candle made on 24th Aug 23.
Disclosure - No position. Educational posts only highlight the current state of the chart.