NVIDIA - Stock came out with earnings on 21st Feb and saw a massive gap and rally next day backed by earnings.
The stock opened gap up next day and started to fizzle out a bit, stock has now broken the low of the candle formed at the range high, this is the 1st point I look as a sign of tiredness in a stock where market interest is high but stock stops going higher.
NVIDIA - Stock has started to do AVWAP rejection from ATH levels and also it has broken below the AVWAP from earning gap up. Making it look like the buyer post earnings gap is loosing its control and not able to hold prices up.
I have marked 764 as a 1st pullback low from the day of earnings and price should correct sharply once breaks below that level.
Since I am a mean reverting trader and seldom looks for contra trade where market interest is higher, while looking at the above set of data I have a -ve view on the stock and will look for sell trades around the references like pullback high and avwap rejections.