![](https://likesmoneycycletrading.blog/wp-content/uploads/2024/06/nvda-0.png?w=711)
NVIDIA dropped on Thursday …
![](https://likesmoneycycletrading.blog/wp-content/uploads/2024/06/nvda-daily.png?w=693)
Then broke lower again on Friday.
![](https://likesmoneycycletrading.blog/wp-content/uploads/2024/06/nvda-2-hour.png?w=694)
Since emerging from is May low, NVIDIA has been finding support at the 2 hour 50 MA.
![](https://likesmoneycycletrading.blog/wp-content/uploads/2024/06/nvda-swing.png?w=693)
And NVIDIA has formed a swing low of support from the 2 hour 50 MA. Long positions can be entered with a stop below the 2 hour 50 MA.